Form 4: Zevia PBC Director David J. Lee Reports Stock Grant

Director David J. Lee reports receiving 118,455 restricted stock units (RSUs) of Zevia PBC Class A Common Stock.

Summary

• On June 12, 2024, David J. Lee, a director of Zevia PBC, reported a transaction involving the acquisition of 118,455 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs).
• Following the transaction, Lee beneficially owns 159,071 shares of Zevia PBC Class A Common Stock.
• The 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.
• 18,359 RSUs vest on the earlier to occur of (i) June 15, 2024 or (ii) the Issuer's 2024 annual meeting of stockholders and are settled within 30 days following such vesting date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction of stock grants to a director, which is generally viewed as a positive incentive.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders, incentivizing them to work towards the company's success.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholder sentiment as it aligns the director's interests with those of the shareholders.

Key Dates