Lorna R. Simms - Mar 25, 2024 Form 4/A Insider Report for Zevia PBC (ZVIA)

Role
SVP, GC & Corporate Secretary
Signature
/s/ Lorna R. Simms
Stock symbol
ZVIA
Transactions as of
Mar 25, 2024
Transactions value $
-$5,340
Form type
4/A
Date filed
3/28/2024, 04:24 PM
Date Of Original Report
Mar 27, 2024
Previous filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVIA Class A Common Stock Sale -$5.34K -5.12K -2.15% $1.04 233K Mar 25, 2024 Direct F1, F2, F3, F4
* 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 15,506 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 original Form 4, filed yesterday, March 27, 2024, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported the transaction as an acquisition in column 4, rather than disposition, of shares by the Reporting Person.
F3 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 $1.035 to $1.06, 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.
F4 Includes 192,651 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 17,334 RSUs are vested in full, subject to deferred settlement on January 17, 2025. 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 begin vesting in 1/4 increments on each anniversary of March 11, 2024 and are settled within 30 days following each vesting date.