4/A: Zevia PBC Director Andrew Ruben Corrects Form 4 Filing Regarding Stock Purchase
SEC Filing
Andrew Ruben, a director at Zevia PBC, amended a previous Form 4 filing to correct the description of a stock transaction, clarifying that it was a purchase rather than a sale.
Summary
- Andrew Ruben, a director of Zevia PBC, filed an amended Form 4 to correct a previous filing.
- The amendment clarifies that a transaction on August 20, 2024, involved the purchase of 9,560 shares of Class A Common Stock at a weighted average price of $1.047 per share.
- The original filing incorrectly described the transaction as a sale.
- Ruben also directly owns 192,246 shares of Class A Common Stock, including 143,480 restricted stock units (RSUs).
- Some of the RSUs are vested, with deferred settlement dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing correcting a minor error, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of the corrected stock purchase transaction. |
| 08/26/2024 | Date of the original Form 4 filing that contained the error. |
| 08/27/2024 | Date of the amended Form 4/A filing. |
| 01/17/2025 | Deferred settlement date for 6,666 vested RSUs. |
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