March 25, 2024 · Form 4 insider transaction
DeBow Greig P. Jr. sold 7,012 shares of ZEVIA PBC at $1.05 per share, a transaction worth $7.4K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
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 18,285 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.; 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 $1.03 to $1.08, 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.; Includes 299,104 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 58,997 RSUs began vesting in 1/4 increments on each anniversary of August 10, 2022 and are settled within 30 days following each vesting date. 73,141 RSUs began vesting in 1/4 increments on each anniversary of March 17, 2023 and are settled within 30 days following each vesting date. 200,000 RSUs begin vesting in 1/4 increments on each anniversary of March 11, 2024 and are settled within 30 days following each vesting date.