Hany Mikhail - 24 Jan 2024 Form 4 Insider Report for Zevia PBC (ZVIA)

Signature
/s/ Lorna R. Simms, Attorney-in-Fact for Hany Mikhail
Issuer symbol
ZVIA
Transactions as of
24 Jan 2024
Net transactions value
-$5,009
Form type
4
Filing time
25 Jan 2024, 16:51:21 UTC
Previous filing
24 Mar 2023
Next filing
27 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVIA Class A Common Stock Sale $5,009 -2,846 -5.3% $1.76 51,182 24 Jan 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported reflects the sale of shares of Class A Common Stock in satisfaction of the Reporting Person's tax liability in connection with the settlement of 8,000 restricted stock units ("RSUs"). This sale was made to satisfy tax withholding obligations through a "sell to cover" transaction and does not represent a discretionary trade made by the Reporting Person.
F2 Includes 38,574 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 8,000 RSUs are vested in full, subject to deferred settlement on January 17, 2025. 8,245 RSUs began vesting in 1/4 increments on each anniversary of March 17, 2022 and are settled within 30 days following each vesting date. 24,390 RSUs begin vesting in 1/4 increments on each anniversary of March 17, 2023 and are settled within 30 days following each vesting date.