Lorna R. Simms - Mar 17, 2023 Form 4 Insider Report for Zevia PBC (ZVIA)

Role
SVP, GC & Corporate Secretary
Signature
Lorna R. Simms
Stock symbol
ZVIA
Transactions as of
Mar 17, 2023
Transactions value $
$0
Form type
4
Date filed
3/22/2023, 04:07 PM
Previous filing
Feb 23, 2023
Next filing
Mar 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVIA Class A Common Stock Award $0 +43.9K +66.18% $0.00 110K Mar 17, 2023 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 +73.2K $0.00 73.2K Mar 17, 2023 Class A Common Stock 73.2K $3.00 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, 2023 and are settled within 30 days following each vesting date.
F2 Includes 96,709 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 34,667 RSUs are vested in full, subject to deferred settlement in two equal installments on each of January 17, 2024 and January 17, 2025. 18,140 RSUs begin vesting in 1/4 increments on each anniversary of March 17, 2022 and are settled within 30 days following each vesting date. 43,902 RSUs begin vesting in 1/4 increments on each anniversary of March 17, 2023 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, 2023.