William D. Beech - Jul 21, 2021 Form 3 Insider Report for Zevia PBC (ZVIA)

Role
Chief Financial Officer and Senior Vice President Exhibit 24 - Power of Attorney
Signature
/s/ Lorna R. Simms, Attorney-in-fact for William D. Beech
Stock symbol
ZVIA
Transactions as of
Jul 21, 2021
Transactions value $
$0
Form type
3
Date filed
7/21/2021, 09:13 PM
Next filing
Jul 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ZVIA Class A Common Stock 75K Jul 21, 2021 Direct F1
holding ZVIA Class B Common Stock 37.4K Jul 21, 2021 Direct

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
holding ZVIA Class B Units Jul 21, 2021 Class A Common Stock 37.4K Direct F2
holding ZVIA Stock Option (Right to Buy) Jul 21, 2021 Class A Common Stock 4.38K $0.06 Direct F3
holding ZVIA Stock Option (Right to Buy) Jul 21, 2021 Class A Common Stock 4.38K $0.03 Direct F4
holding ZVIA Stock Option (Right to Buy) Jul 21, 2021 Class A Common Stock 4.38K $0.01 Direct F5
holding ZVIA Stock Option (Right to Buy) Jul 21, 2021 Class A Common Stock 30K $2.78 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 75,000 restricted stock units ("RSUs") received by the Reporting Person upon assumption and adjustment of 37,500 Restricted Common Class C Units of Zevia LLC. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs will vest in full on the earliest to occur of (i) the date that is six months after the initial public offering of the Issuer (the "IPO"), (ii) the termination of the lockup period following the IPO or (iii) the consummation of a change in control of the Issuer, subject to the Reporting Person's continued service to the Issuer.
F2 The Class B Units of Zevia LLC are exchangeable, at the holder's option, on a one-for-one basis into shares of Class A Common Stock of the Issuer. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock will be automatically cancelled.
F3 Represents options to purchase 4,376 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 2,188 unit options of Zevia LLC. 2,292 options are vested and the remaining 2,084 options will vest in monthly installments over the next 10 months, subject to the Reporting Person's continued service to the Issuer.
F4 Represents options to purchase 4,376 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 2,188 unit options of Zevia LLC. 2,292 options are vested and the remaining 2,084 options will vest in monthly installments over the next 10 months, subject to the Reporting Person's continued service to the Issuer.
F5 Represents options to purchase 4,376 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 2,188 unit options of Zevia LLC. 2,292 options are vested and the remaining 2,084 options will vest in monthly installments over the next 10 months, subject to the Reporting Person's continued service to the Issuer.
F6 Represents options to purchase 30,000 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 15,000 unit options of Zevia LLC. 11,250 options are vested and the remaining 18,750 options will vest in monthly installments over the next 30 months, subject to the Reporting Person's continued service to the Issuer.

Remarks:

Chief Financial Officer and Senior Vice President Exhibit 24 - Power of Attorney