Form 4: Zevia PBC Director Rosemary L. Ripley Reports Exchange of Class B Units for Class A Common Stock

Director Rosemary L. Ripley reports the exchange of Class B Units for Class A Common Stock in Zevia PBC on December 1, 2023.

Summary

• On December 1, 2023, Rosemary L. Ripley, a director of Zevia PBC, exchanged Class B Units of Zevia LLC for Class A Common Stock of the issuer.
• This transaction involved the disposal of 3,591,906 Class B Units and the acquisition of 3,591,906 shares of Class A Common Stock.
• Following the transaction, Ms. Ripley directly owns 34,506 shares of Class A Common Stock, which includes 18,359 RSUs.
• Ms. Ripley may be deemed the indirect beneficial owner of shares held by NGEN III, LP, NGEN Zevia SPV, LLC, and NGEN-Mantra Holdings LLC, but she disclaims beneficial ownership except to the extent of her pecuniary interest.
• 2,567,006 shares of Class A Common Stock are held by NGEN III, 2,493,594 are held by NGEN Zevia, and 225,664 shares are held by NGEN-Mantra.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates