Form 4: Zevia PBC Director David J. Lee Reports Purchase of Class A Common Stock

Director David J. Lee reports purchasing 13,704.547 shares of Zevia PBC Class A Common Stock at a weighted average price of $1.0945 on August 26, 2024.

Summary

• On August 26, 2024, David J. Lee, a director of Zevia PBC, purchased 13,704.547 shares of Class A Common Stock.
• The purchase was made at a weighted average price of $1.0945 per share, with individual prices ranging from $1.07 to $1.10.
• Following the transaction, Lee directly owns 172,775.547 shares of Class A Common Stock, which includes 136,814 restricted stock units (RSUs).
• 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 it's a single transaction and doesn't provide a comprehensive view of the company's overall health.

Positives

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's recent purchase of company stock, which is a common occurrence.

Stakeholder Impact

• The stock purchase by a director could positively influence shareholder sentiment.

Key Dates