Zevia PBC — Director's Dealing 2021

Sep 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zevia PBC (ZVIA)
CIK: 0001854139
Period of Report: 2021-07-26

Reporting Person: NORTHWOOD VENTURES LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-26	Class B Common Stock	J	347082	—	Disposed	4544570	Direct
2021-07-26	Class B Common Stock	J	61250	—	Disposed	801982	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-26	Class B Units	$	J	347082	Disposed		Class A Common Stock (347082)	Direct
2021-07-26	Class B Units	$	J	61250	Disposed		Class A Common Stock (61250)	Direct

Footnotes

F1: This Form 4 is filed jointly by Northwood Ventures LLC ("Ventures") and Northwood Capital Partners LLC ("CP"). Ventures and CP may be deemed to be members of a "group".

F2: Information for Ventures.

F3: Represents Class B Units of Zevia LLC and a corresponding number of shares of Class B Common Stock of the Issuer transferred by the respective Reporting Person to the Issuer in connection with the closing of the Issuer's initial public offering ("IPO") at a price of $13.055 (the per-share price paid by the underwriters for shares of the Class A Common Stock in the IPO).

F4: Information for CP.

F5: The Class B Units of Zevia LLC are exchangeable, at the holder's option, on a one-for-one basis into shares of Class A Common Stock of the Issuer, or, at the Issuer's election, cash. Upon exchange of a Class B Unit (or redemption for cash), the corresponding share of Class B Common Stock will be automatically cancelled.