Form 4: Zevia PBC CEO Amy Taylor Reports Stock Sales to Cover Tax Obligations
SEC Form 4 Filing
Zevia PBC's CEO, Amy Taylor, sold shares of Class A Common Stock to cover tax liabilities related to the vesting of restricted stock units (RSUs).
Summary
- Amy Taylor, the President and CEO of Zevia PBC, reported the sale of Class A Common Stock to cover tax obligations related to the vesting of restricted stock units (RSUs).
- On March 14, 2025, Taylor was granted 592,105 RSUs, which vest in 1/4 increments on each anniversary of the grant date.
- On the same day, she sold 52,951 shares at a weighted average price of $2.2106 per share to cover taxes related to the settlement of 150,000 RSUs.
- On March 18, 2025, Taylor sold an additional 29,079 shares at a weighted average price of $2.0875 per share to cover taxes related to the settlement of 74,249 RSUs.
- Following these transactions, Taylor directly owns 1,512,848 shares of Class A Common Stock and indirectly owns 5,500 shares through her spouse.
- She also holds 1,171,211 RSUs, which vest over time.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Sales of stock to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| March 17, 2022 | 77,573 RSUs began vesting in 1/4 increments on each anniversary of this date. |
| March 17, 2023 | 219,423 RSUs began vesting in 1/4 increments on each anniversary of this date. |
| March 11, 2024 | 600,000 RSUs began vesting in 1/4 increments on each anniversary of this date. |
| March 14, 2025 | 592,105 RSUs were granted and begin vesting in 1/4 increments on each anniversary of this date; 52,951 shares were sold to cover tax liability. |
| March 18, 2025 | 29,079 shares were sold to cover tax liability. |
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