Form 4: Zevia PBC Chief Accounting Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Mikhail Hany, Chief Accounting Officer of Zevia PBC, sold 3,723 shares of Class A Common Stock to cover tax liabilities related to the settlement of restricted stock units.
Summary
- On March 25, 2024, Mikhail Hany, the Chief Accounting Officer of Zevia PBC, sold 3,723 shares of Class A Common Stock.
- The sale was executed to cover tax obligations associated with the settlement of 8,156 restricted stock units (RSUs).
- The shares were sold at a weighted average price of $1.0419, with individual transactions ranging from $1.03 to $1.05.
- Following the transaction, Hany beneficially owns 47,449 shares, including 30,408 RSUs.
- A correction was made to reflect a reduction of 10 RSUs that were overreported in previous filings.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and a minor correction, indicating a neutral sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and employees.
Key Dates
| Date | Description |
|---|---|
| 03/17/2022 | Start date for vesting of 8,245 RSUs in 1/4 increments on each anniversary. |
| 03/17/2023 | Start date for vesting of 24,380 RSUs in 1/4 increments on each anniversary. |
| 03/25/2024 | Date of the stock sale transaction. |
| 03/27/2024 | Date of the Form 4 filing. |
| 01/17/2025 | Deferred settlement date for 8,000 vested RSUs. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.