Northwood Ventures Llc - Jul 26, 2021 Form 4 Insider Report for Zevia PBC (ZVIA)

Role: 10%+ Owner
Signature: /s/ Peter G. Schiff, Managing Partner
Stock symbol: ZVIA
Transactions as of: Jul 26, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/22/2021, 03:47 PM
Previous filing: Sep 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZVIA	Class B Common Stock	Other		-347K	-7.1%		4.54M	Jul 26, 2021	Direct	F1, F2, F3
transaction	ZVIA	Class B Common Stock	Other		-61.3K	-7.1%		802K	Jul 26, 2021	Direct	F1, F3, F4

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	Class B Units	Other		-347K	-7.1%		4.54M	Jul 26, 2021	Class A Common Stock	347K		Direct	F2, F3, F5
transaction	ZVIA	Class B Units	Other		-61.3K	-7.1%		802K	Jul 26, 2021	Class A Common Stock	61.3K		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 is filed jointly by Northwood Ventures LLC ("Ventures") and Northwood Capital Partners LLC ("CP"). Ventures and CP may be deemed to be members of a "group".
F2	Information for Ventures.
F3	Represents Class B Units of Zevia LLC and a corresponding number of shares of Class B Common Stock of the Issuer transferred by the respective Reporting Person to the Issuer in connection with the closing of the Issuer's initial public offering ("IPO") at a price of $13.055 (the per-share price paid by the underwriters for shares of the Class A Common Stock in the IPO).
F4	Information for CP.
F5	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, or, at the Issuer's election, cash. Upon exchange of a Class B Unit (or redemption for cash), the corresponding share of Class B Common Stock will be automatically cancelled.