Form 4: Zevia PBC Executive Lorna R. Simms Sells Shares to Cover Tax Obligations

Lorna R. Simms, SVP, GC & Corporate Secretary of Zevia PBC, sold 3,979 shares of Class A Common Stock to cover tax liabilities related to the settlement of restricted stock units.

Summary

• On January 21, 2025, Lorna R. Simms, SVP, GC & Corporate Secretary of Zevia PBC, sold 3,979 shares of Class A Common Stock.
• The sale was executed to cover tax obligations associated with the settlement of 17,334 restricted stock units (RSUs).
• The shares were sold at a weighted average price of $4.6831, with individual transactions ranging from $4.65 to $4.73.
• Following the transaction, Simms directly owns 229,014 shares, which includes 175,317 RSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Zevia PBC, Lorna R. Simms, Form 4, Stock Sale, Tax Liability, RSUs, ZVIA, Executive Compensation