Form 4: Zevia PBC CFO Girish Satya Reports Stock Transactions

Chief Financial Officer Girish Satya of Zevia PBC reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) to cover tax obligations.

Summary

• On March 14, 2025, Girish Satya, CFO of Zevia PBC, acquired 197,368 shares of Class A Common Stock at $0, representing restricted stock units (RSUs) granted under the company's 2021 Equity Incentive Plan.
• These RSUs vest in 1/4 increments on each anniversary of March 14, 2025, and are settled within 30 days following each vesting date.
• On March 17, 2025, Satya disposed of 17,111 shares of Class A Common Stock at a weighted average price of $2.2294 to cover tax liabilities related to the settlement of 47,328 RSUs.
• Following these transactions, Satya beneficially owns 369,571 shares of Class A Common Stock, including 339,354 RSUs.

Sentiment

Score: 5

Explanation: The document reflects standard insider trading activity related to equity compensation and tax obligations, indicating a neutral sentiment.

Positives

• The granting of RSUs aligns the CFO's interests with those of the shareholders.
• The 'sell to cover' transaction ensures tax obligations are met without requiring personal funds.

Future Outlook

The RSUs will continue to vest in the future, potentially leading to further transactions to cover tax obligations.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings to understand management's sentiment and potential future actions.

Comparison to Industry Standards

• Insider transactions are a normal part of corporate governance and are regularly disclosed by executives at publicly traded companies like Coca-Cola (KO), PepsiCo (PEP), and Keurig Dr Pepper (KDP).
• The 'sell to cover' transaction is a common practice to manage tax obligations related to equity compensation, aligning with standard practices observed across the industry.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
• Shareholders may be interested in the CFO's holdings as an indicator of alignment with company performance.

Key Dates