Form 4: Zevia Director Sells 40,000 Shares of Class A Stock

Zevia PBC Director Padraic L. Spence reported the sale of 40,000 shares of Class A Common Stock at a weighted average price of $1.4379.

Summary

• Padraic L. Spence, a Director of Zevia PBC, sold 40,000 shares of the company's Class A Common Stock.
• The transaction occurred on March 3, 2026, at a weighted average sale price of $1.4379 per share.
• The shares were sold in multiple transactions with prices ranging from $1.43 to $1.45.
• Following this transaction, Spence beneficially owns 1,555,417 shares of Zevia PBC, which includes 71,827 restricted stock units (RSUs).
• The RSUs include 148,417 units that began vesting in 1/4 increments on each anniversary of March 17, 2022, and are settled within 30 days following each vesting date.
• An additional 34,722 RSUs will vest on the earlier of June 12, 2026, or the Issuer's 2026 annual meeting of stockholders, and are settled within 30 days following such vesting date.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative signal due to a director's sale of a notable number of shares, which can sometimes indicate a lack of confidence or a desire to diversify holdings.

Negatives

• A director, Padraic L. Spence, sold 40,000 shares of Class A Common Stock, which could be interpreted by the market as a signal of reduced confidence or a move to diversify holdings.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider selling, while a routine disclosure, can sometimes be viewed by the market as a signal regarding management's perception of the company's near-term prospects, especially in the consumer beverage sector where market sentiment can heavily influence stock performance.

Stakeholder Impact

• Shareholders may interpret the director's sale as a negative signal, potentially influencing their perception of the stock's value or future performance.

Key Dates

Recommendation

While the director's sale of shares is a negative signal, it represents a relatively small portion of their total beneficial ownership, which still includes a substantial number of shares and RSUs. This suggests a potential diversification or personal liquidity event rather than a complete loss of confidence, warranting a 'hold' rather than a 'sell' recommendation without further fundamental analysis.

Keywords

Zevia PBC, ZVIA, Insider Trading, Form 4, Director Sale, Stock Transaction, Padraic L. Spence, Equity Sale, Restricted Stock Units