Hany Mikhail - Mar 17, 2023 Form 4 Insider Report for Zevia PBC (ZVIA)

Role: Chief Accounting Officer
Signature: /s/ Lorna R. Simms, Attorney-in-Fact for Hany Mikhail
Stock symbol: ZVIA
Transactions as of: Mar 17, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/22/2023, 04:03 PM
Previous filing: Feb 23, 2023
Next filing: Mar 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZVIA	Class A Common Stock	Award	$0	+24.4K	+79.98%	$0.00	54.9K	Mar 17, 2023	Direct	F1, F2

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	Stock Option (Right to Buy)	Award	$0	+40.7K		$0.00	40.7K	Mar 17, 2023	Class A Common Stock	40.7K	$3.00	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs") granted under the Zevia PBC 2021 Equity Incentive Plan (the "2021 Plan"). Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs vest in 1/4 increments on each anniversary of March 17, 2023 and are settled within 30 days following each vesting date.
F2	Includes 48,635 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 16,000 RSUs are vested in full, subject to deferred settlement in two equal installments on each of January 17, 2024 and January 17, 2025. 8,245 RSUs begin vesting in 1/4 increments on each anniversary of March 17, 2022 and are settled within 30 days following each vesting date. 24,390 RSUs begin vesting in 1/4 increments on each anniversary of March 17, 2023 and are settled within 30 days following each vesting date.
F3	Represents options to purchase Class A common Stock of the Issuer granted under the 2021 Plan. These options vest in 1/4 increments on each anniversary of March 17, 2023.