SCHEDULE 13G/A: White Pine LLC and Laird Norton Company LLC Disclose 7.6% Beneficial Ownership in Zevia PBC
Beneficial Ownership Report Amendment
White Pine LLC and its parent company, Laird Norton Company LLC, have filed an amended Schedule 13G, reporting a combined beneficial ownership of 7.6% of Zevia PBC's Class A Common Stock as of December 31, 2024.
Summary
- White Pine LLC and Laird Norton Company LLC (LNC) jointly filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in Zevia PBC.
- As of December 31, 2024, the reporting persons beneficially own an aggregate of 4,838,288 shares of Zevia PBC's Class A Common Stock.
- This aggregate amount represents 7.6% of the Class A Common Stock, calculated by treating Class B Units as converted into Class A Common Stock.
- The beneficial ownership comprises 1,382,350 shares of Class A common stock and 3,455,938 Class B units of Zevia LLC, which are exchangeable for Class A common stock or cash.
- Each Class B Unit is accompanied by an equal number of Class B common stock shares, which are retired upon exchange.
- The percentage ownership calculation is based on 59,912,868 shares of Class A common stock outstanding as of November 1, 2024, plus the 3,455,938 Class B Shares beneficially owned by the Reporting Person.
- When considering all issued and outstanding capital stock, including 13,101,213 Class B Common Stock as of November 1, 2024, White Pine beneficially owns approximately 6.6% of Zevia PBC's total issued and outstanding capital stock.
- White Pine LLC is an indirect, wholly owned subsidiary of Laird Norton Company LLC.
Sentiment
Score: 5
Explanation: The document is a factual report of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or prospects. It is a routine regulatory filing.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of significant beneficial ownership by passive investors, White Pine LLC and Laird Norton Company LLC, in Zevia PBC. It does not provide broader industry trends or competitive analysis but indicates continued investment interest in the beverage sector, specifically in a company known for zero-sugar, naturally sweetened beverages.
Related Party Transactions
- White Pine LLC is an indirect, wholly owned subsidiary of Laird Norton Company LLC, and they are filing this statement jointly.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership stakes, which can influence perceptions of control and stability. The disclosure of a 7.6% stake by a passive investor group confirms a notable, but not controlling, interest in the company.
Key Dates
| Date | Description |
|---|---|
| 2024-11-01 | Date of Class A and Class B common stock outstanding figures as disclosed in Zevia PBC's Form 10-Q. |
| 2024-11-06 | Date Zevia PBC's Form 10-Q was filed with the SEC. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-02-13 | Date of filing of this Schedule 13G Amendment No. 3. |
Keywords
Zevia PBC, Beneficial Ownership, Schedule 13G, Class A Common Stock, Class B Units, White Pine LLC, Laird Norton Company LLC, SEC Filing, Equity Stake, Investment
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