Lorna R. Simms - 17 Mar 2025 Form 4 Insider Report for Zevia PBC (ZVIA)

Signature
/s/ Lorna R. Simms
Issuer symbol
ZVIA
Transactions as of
17 Mar 2025
Net transactions value
-$32,686
Form type
4
Filing time
18 Mar 2025, 16:15:32 UTC
Previous filing
23 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVIA Class A Common Stock Sale $22,290 -9,951 -4.3% $2.24 219,063 17 Mar 2025 Direct F1, F2
transaction ZVIA Class A Common Stock Sale $10,396 -4,957 -2.3% $2.10 214,106 18 Mar 2025 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Lorna R. Simms is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 33,333 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 The price reported in Column 4 is a weighted average sale price of the Issuer's Class A Common Stock. These shares were sold in multiple transactions at prices ranging from $2.20 to $2.295, inclusive. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 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 15,506 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.
F4 The price reported in Column 4 is a weighted average sale price of the Issuer's Class A Common Stock. These shares were sold in multiple transactions at prices ranging from $2.08 to $2.14, inclusive. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 Includes 126,478 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 18,140 RSUs began vesting in 1/4 increments on each anniversary of March 17, 2022 and are settled within 30 days following each vesting date. 43,885 RSUs began vesting in 1/4 increments on each anniversary of March 17, 2023 and are settled within 30 days following each vesting date. 133,333 RSUs began vesting in 1/4 increments on each anniversary of March 11,2024 and are settled within 30 days following each vesting date.