SCHEDULE: CDP Maintains 15.9% Stake in Zevia PBC
Schedule 13D Amendment
Caisse de dépôt et placement du Québec (CDPQ) filed an amendment to its Schedule 13D confirming its continued beneficial ownership of 15.9% of Zevia PBC's Class A common stock.
Summary
- CDP Investissements Inc. and Caisse de dépôt et placement du Québec (CDPQ) maintain a combined beneficial ownership of 11,400,428 shares of Zevia PBC Class A common stock.
- This holding represents approximately 15.9% of the issuer's total outstanding Class A common stock.
- The ownership percentage is calculated based on 71,775,241 shares outstanding as of May 1, 2026.
- No transactions in the issuer's shares have been effected by the reporting persons in the 60 days preceding the filing date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing; it is a standard regulatory disclosure confirming existing ownership levels with no change in position.
Positives
- Institutional investor maintains a significant 15.9% stake, signaling long-term commitment to the company.
Negatives
- No new investment activity or accumulation of shares reported in the last 60 days.
Risks
- Concentration of ownership by a major institutional shareholder could influence future corporate governance or strategic decisions.
Future Outlook
The filing does not provide specific forward-looking guidance regarding the issuer's business operations, but confirms the reporting persons' continued status as significant shareholders.
Industry Context
StockSavvy.ai notes that this filing is a routine regulatory update regarding institutional ownership levels. It reflects standard portfolio maintenance by a large pension fund manager rather than a shift in strategic direction for the beverage sector.
Comparison to Industry Standards
- The 15.9% stake is consistent with typical long-term institutional holding patterns for mid-cap consumer goods companies.
- The disclosure follows standard SEC requirements for beneficial owners exceeding the 5% threshold.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Disclosure Update | Updated Annex A to reflect current directors and officers of the reporting entities. | 05/28/2026 | Minimal; reflects administrative updates to reporting person background information. |
Stakeholder Impact
- Shareholders may view the maintenance of a 15.9% stake by a major institutional investor as a sign of stability.
Next Steps
- Continued monitoring of Zevia PBC's share price and future regulatory filings by CDPQ.
Key Dates
| Date | Description |
|---|---|
| 08/05/2021 | Original Schedule 13D filing date. |
| 05/01/2026 | Date of shares outstanding count used for calculation. |
| 05/06/2026 | Filing date of the issuer's Quarterly Report on Form 10-Q. |
| 05/27/2026 | Date of event requiring the filing of this statement. |
| 05/28/2026 | Date of signature for the current filing. |
Keywords
Zevia PBC, CDPQ, Schedule 13D, Institutional Ownership, Class A Common Stock, Shareholder Disclosure
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