Form 4: Zevia PBC Director Padraic L. Spence Sells 75,000 Shares of Class A Common Stock

Director Padraic L. Spence sold 75,000 shares of Zevia PBC's Class A Common Stock at an average price of $2.7102 on May 12, 2025.

Summary

• On May 12, 2025, Padraic L. Spence, a director of Zevia PBC, sold 75,000 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $2.7102, with individual transactions ranging from $2.60 to $2.835.
• Following the transaction, Spence directly owns 1,760,695 shares, which includes 155,560 restricted stock units (RSUs).
• 148,417 RSUs began vesting in 1/4 increments on each anniversary of March 17, 2022 and are settled within 30 days following each vesting date.
• 118,455 RSUs vest on the earlier to occur of (i) June 12, 2025 or (ii) the Issuer's 2025 annual meeting of stockholders and are settled within 30 days following such vesting date.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's future.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the RSUs.

Industry Context

This is a routine disclosure of a transaction by a company insider and doesn't necessarily reflect broader industry trends. However, insider transactions are often monitored by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• It's common for directors and officers of publicly traded companies to periodically sell shares for personal financial management.
• The volume and price of the shares sold are within a normal range for insider transactions of similar companies.
• Without more context on Zevia's overall financial performance and stock valuation, it's difficult to compare this transaction to industry benchmarks.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Zevia PBC, Padraic L. Spence, Class A Common Stock, Director, Sale of Shares, Form 4, RSUs, Beneficial Ownership