Form 4: Zevia PBC Director Andrew Ruben Reports Share Purchase and RSU Holdings

Director Andrew Ruben reported purchasing 9,560 shares of Zevia PBC Class A Common Stock and disclosed holdings including restricted stock units (RSUs).

Summary

• On August 20, 2024, Andrew Ruben, a director of Zevia PBC, purchased 9,560 shares of Class A Common Stock at a weighted average price of $1.047 per share.
• The purchase was made directly.
• Following the transaction, Ruben directly owns 192,246 shares of Class A Common Stock.
• Ruben also indirectly owns 9,560 shares through The Ruben Family Trust.
• Ruben's holdings include 143,480 restricted stock units (RSUs), each representing the right to receive one share of Class A Common Stock.
• 6,666 RSUs are vested in full, subject to deferred settlement on January 17, 2025.
• 18,359 RSUs vest on the earlier of June 15, 2024, or the Issuer's 2024 annual meeting of stockholders and are settled within 30 days following such vesting date.
• 118,455 RSUs vest on the earlier of June 12, 2025, or the Issuer's 2025 annual meeting of stockholders and are settled within 30 days following such vesting date.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but the amount is relatively small. The disclosure of RSU holdings is standard.

Positives

• A director's purchase of shares can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the trading activity of a director in the company's stock.

Stakeholder Impact

• The director's purchase may have a slightly positive impact on shareholder sentiment.

Key Dates