Zevia PBC — Director's Dealing 2021

Jul 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Spence Padraic L. (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-26	Class B Common Stock	D	2838	—	Disposed	37162	Indirect
2021-07-26	Class B Common Stock	D	2838	—	Disposed	37162	Indirect
2021-07-26	Class B Common Stock	D	28382	—	Disposed	371618	Indirect
2021-07-26	Class B Common Stock	D	75982	—	Disposed	994866	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-26	Class B Units	$	D	2838	Disposed		Class A Common Stock (2838)	Indirect
2021-07-26	Class B Units	$	D	2838	Disposed		Class A Common Stock (2838)	Indirect
2021-07-26	Class B Units	$	D	28382	Disposed		Class A Common Stock (28382)	Indirect
2021-07-26	Class B Units	$	D	75982	Disposed		Class A Common Stock (75982)	Indirect
2021-07-26	Stock Option (Right to Buy)	$0.01	D	10290	Disposed	2028-12-31	Class A Common Stock (10290)	Direct

Footnotes

F1: Represents Class B Units of Zevia LLC and a corresponding number of shares of Class B Common Stock of the Issuer transferred by the 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).

F2: 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. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock will be automatically cancelled.

F3: Represents 10,290 vested options cancelled and cashed-out by mutual agreement of the Reporting Person and the Issuer. The Reporting Person received $13.045 per stock option and $134,233.05 total as consideration for the cancellation.