Form 4: Zevia PBC Director David J. Lee Granted Over 34,000 Restricted Stock Units

Zevia PBC Director and 10% Owner David J. Lee was granted 34,722 Restricted Stock Units (RSUs) on June 12, 2025, aligning his interests with shareholders.

Summary

• David J. Lee, a Director and 10% Owner of Zevia PBC (ZVIA), was granted 34,722 Restricted Stock Units (RSUs).
• The grant occurred on June 12, 2025, with a transaction price of $0 per unit.
• Each RSU represents the right to receive one share of Zevia PBC's Class A Common Stock.
• These RSUs are part of the Zevia PBC 2021 Equity Incentive Plan.
• The RSUs will vest on the earlier of June 12, 2026, or the Issuer's 2026 annual meeting of stockholders.
• Settlement of the vested RSUs into Class A Common Stock will occur within 30 days following the vesting date.
• Following this transaction, David J. Lee's beneficial ownership in Zevia PBC totals 207,497.547 shares, which includes these 34,722 RSUs.

Sentiment

Score: 6

Explanation: The grant of RSUs to a director is a positive signal of alignment between management and shareholder interests, though it's a routine compensation event and not indicative of extraordinary news.

Positives

• The grant of Restricted Stock Units (RSUs) to Director David J. Lee aligns his long-term interests with those of Zevia PBC shareholders, as the value of the RSUs is tied to the company's stock performance.
• Equity compensation is a standard practice for retaining and incentivizing key management and directors.

Future Outlook

The granted Restricted Stock Units (RSUs) are scheduled to vest on the earlier of June 12, 2026, or the Issuer's 2026 annual meeting of stockholders, with settlement occurring within 30 days of vesting.

Industry Context

The grant of Restricted Stock Units to a director is a common form of equity compensation across various industries, including the consumer packaged goods sector where Zevia PBC operates. This practice aims to align the interests of company leadership with long-term shareholder value creation.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a form of director compensation is a widely accepted practice, comparable to compensation structures seen in companies like Celsius Holdings, Inc. (CELH) or National Beverage Corp. (FIZZ) within the beverage industry, which often utilize equity grants to incentivize long-term performance.
• The vesting schedule, tied to a future date or annual meeting, is typical for such grants, ensuring continued commitment from the director.

Related Party Transactions

• The grant of 34,722 Restricted Stock Units to David J. Lee, a Director and 10% Owner, constitutes a related party transaction as it involves compensation from the company to an insider. This is a standard form of compensation under the Zevia PBC 2021 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with long-term shareholder value creation, as the value of the RSUs depends on the company's stock performance.
• Employees: While not directly impacting employees, such grants are part of a broader compensation philosophy that can influence overall company culture and retention strategies.

Next Steps

• Vesting of the 34,722 Restricted Stock Units on the earlier of June 12, 2026, or the Issuer's 2026 annual meeting of stockholders.
• Settlement of the vested RSUs into Class A Common Stock within 30 days following the vesting date.

Key Dates

Keywords

Zevia PBC, ZVIA, SEC Form 4, Restricted Stock Units, RSUs, Insider Transaction, Equity Grant, Director Compensation, David J. Lee, Stock Ownership