Padraic L. Spence - 17 Mar 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
Issuer symbol
ZVIA
Transactions as of
17 Mar 2022
Net transactions value
$0
Form type
4
Filing time
21 Mar 2022, 20:01:48 UTC
Previous filing
11 Mar 2022
Next filing
13 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVIA Class A Common Stock Award $0 +148,417 +6.1% $0.000000 2,593,581 17 Mar 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 +244,035 $0.000000 244,035 17 Mar 2022 Class A Common Stock 244,035 $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.