Form 4: Zevia PBC CEO Amy Taylor Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Zevia PBC's CEO, Amy Taylor, sold 30,703 shares of Class A Common Stock to cover tax liabilities related to the settlement of restricted stock units (RSUs).
Summary
- Amy Taylor, CEO of Zevia PBC, sold 30,703 shares of Class A Common Stock on March 26, 2024.
- The sale was executed to cover tax obligations associated with the settlement of 74,248 restricted stock units (RSUs).
- The shares were sold at a weighted average price of $1.0152, with individual prices ranging from $0.9872 to $1.08.
- Following the transaction, Taylor directly owns 959,252 shares of Class A Common Stock, including 836,687 RSUs.
- Taylor also indirectly owns 5,500 shares through her spouse.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (sale of shares for tax purposes) and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when RSUs vest.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/17/2022 | Start date for vesting of 77,573 RSUs in 1/4 increments on each anniversary. |
| 03/17/2023 | Start date for vesting of 219,423 RSUs in 1/4 increments on each anniversary. |
| 03/11/2024 | Start date for vesting of 600,000 RSUs in 1/4 increments on each anniversary. |
| 03/26/2024 | Date of the stock sale transaction. |
| 03/28/2024 | Date of the Form 4 filing. |
| 01/17/2025 | Deferred settlement date for 33,332 vested RSUs. |
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