Padraic L. Spence - Mar 17, 2022 Form 4 Insider Report for Zevia PBC (ZVIA)

Role: Chair, Chief Executive Officer, Director
Signature: /s/ Lorna R. Simms, Attorney-in-Fact for Padraic L. Spence
Stock symbol: ZVIA
Transactions as of: Mar 17, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/21/2022, 08:01 PM
Previous filing: Mar 11, 2022
Next filing: Apr 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZVIA	Class A Common Stock	Award	$0	+148K	+6.07%	$0.00	2.59M	Mar 17, 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ZVIA	Stock Option (Right to Buy)	Award	$0	+244K		$0.00	244K	Mar 17, 2022	Class A Common Stock	244K	$4.12	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs") granted under the Zevia PBC 2021 Equity Incentive Plan (the "2021 Plan"). Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs vest in 1/4 increments on each anniversary of March 17, 2022 and are settled within 30 days following each vesting date.
F2	Includes 2,487,305 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 2,200,000 RSUs began vesting in 1/36 equal monthly installments on each monthly anniversary of January 17, 2022 and are settled within 30 days following each vesting date. 200,000 RSUs are vested in full, subject to deferred settlement in 1/3 increments on each of January 17, 2023, January 17, 2024, and January 17, 2025. 148,417 RSUs begin vesting in 1/4 increments on each anniversary of March 17, 2022 and are settled within 30 days following each vesting date.
F3	Represents options to purchase Class A common Stock of the Issuer granted under the 2021 Plan. These options vest in 1/4 increments on each anniversary of March 17, 2022.