Harry Margolis - May 18, 2022 Form 4 Insider Report for Zevia PBC (ZVIA)

Signature
/s/ Lorna R. Simms, Attorney-in-Fact for Harry Margolis
Stock symbol
ZVIA
Transactions as of
May 18, 2022
Transactions value $
-$13,342
Form type
4
Date filed
5/19/2022, 09:13 PM
Previous filing
Apr 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVIA Class A Common Stock Sale -$13.3K -6K -0.79% $2.22 754K May 18, 2022 Direct F1, F2, F3
* 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 15,834 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 $2.14 to $2.29, 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 Includes 656,664 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 570,000 RSUs began vesting in 1/36 equal monthly installments on each monthly anniversary of January 17, 2022 and are settled within 30 days following each vesting date. 150,000 RSUs are vested in full, subject to deferred settlement in 1/3 increments on each of January 17, 2023, January 17, 2024, and January 17, 2025.