4/A: Zevia PBC Executive Sells Shares to Cover Tax Obligations
SEC Form 4/A
Lorna R. Simms, SVP, GC & Corporate Secretary of Zevia PBC, sold shares to cover tax liabilities related to the settlement of restricted stock units.
Summary
- Lorna R. Simms, SVP, GC & Corporate Secretary of Zevia PBC, filed an amended Form 4 to report the disposition of 5,120 shares of Class A Common Stock on March 25, 2024.
- The shares were sold to cover tax obligations related to the settlement of 15,506 restricted stock units (RSUs).
- The sale was executed at a weighted average price of $1.0429 per share, with individual transactions ranging from $1.035 to $1.06.
- Following the transaction, Simms beneficially owns 232,993 shares, including 192,651 RSUs with varying vesting schedules.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives who receive stock-based compensation. It provides transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/17/2022 | Start date for vesting of 18,140 RSUs in 1/4 increments on each anniversary. |
| 03/17/2023 | Start date for vesting of 43,885 RSUs in 1/4 increments on each anniversary. |
| 03/11/2024 | Start date for vesting of 133,333 RSUs in 1/4 increments on each anniversary. |
| 03/25/2024 | Date of the stock sale transaction. |
| 03/27/2024 | Date of original Form 4 filing. |
| 03/28/2024 | Date of amended Form 4 filing. |
| 01/17/2025 | Deferred settlement date for 17,334 vested RSUs. |
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