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 shares of Class A Common Stock to cover tax liabilities related to the settlement of restricted stock units.

Summary

• On March 17, 2025, Lorna R. Simms, SVP, GC & Corporate Secretary of Zevia PBC, sold 9,951 shares of Class A Common Stock at a weighted average price of $2.24.
• On March 18, 2025, Simms sold an additional 4,957 shares of Class A Common Stock at a weighted average price of $2.0972.
• These sales were executed to cover tax obligations associated with the settlement of 33,333 and 15,506 restricted stock units (RSUs), respectively.
• The sales were 'sell to cover' transactions and do not represent discretionary trades.
• Following these transactions, Simms beneficially owns 214,106 shares of Class A Common Stock, including 126,478 RSUs.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction for tax purposes and doesn't indicate a positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing, common for corporate insiders who sell shares to cover tax obligations related to equity compensation. It doesn't necessarily reflect a change in the executive's confidence in the company.

Key Dates

Keywords

Zevia PBC, Lorna R. Simms, Form 4, Insider Trading, Stock Sale, RSU, Tax Liability, ZVIA