Zevia PBC — Director's Dealing 2021

Jul 22, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Zevia PBC (ZVIA)
CIK: 0001854139
Period of Report: 2021-07-21

Reporting Person: Beech William D. (See Remarks)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	75000	Direct
Class B Common Stock	37358	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Units	$		Class A Common Stock (37358)		Direct
Stock Option (Right to Buy)	$0.06	2028-05-06	Class A Common Stock (4376)		Direct
Stock Option (Right to Buy)	$0.03	2028-05-06	Class A Common Stock (4376)		Direct
Stock Option (Right to Buy)	$0.01	2028-05-06	Class A Common Stock (4376)		Direct
Stock Option (Right to Buy)	$2.78	2029-12-31	Class A Common Stock (30000)		Direct

Footnotes

F1: Consists of 75,000 restricted stock units ("RSUs") received by the Reporting Person upon assumption and adjustment of 37,500 Restricted Common Class C Units of Zevia LLC. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs will vest in full on the earliest to occur of (i) the date that is six months after the initial public offering of the Issuer (the "IPO"), (ii) the termination of the lockup period following the IPO or (iii) the consummation of a change in control of the Issuer, subject to the Reporting Person's continued service to the Issuer.

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 options to purchase 4,376 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 2,188 unit options of Zevia LLC. 2,292 options are vested and the remaining 2,084 options will vest in monthly installments over the next 10 months, subject to the Reporting Person's continued service to the Issuer.

F4: Represents options to purchase 4,376 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 2,188 unit options of Zevia LLC. 2,292 options are vested and the remaining 2,084 options will vest in monthly installments over the next 10 months, subject to the Reporting Person's continued service to the Issuer.

F5: Represents options to purchase 4,376 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 2,188 unit options of Zevia LLC. 2,292 options are vested and the remaining 2,084 options will vest in monthly installments over the next 10 months, subject to the Reporting Person's continued service to the Issuer.

F6: Represents options to purchase 30,000 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 15,000 unit options of Zevia LLC. 11,250 options are vested and the remaining 18,750 options will vest in monthly installments over the next 30 months, subject to the Reporting Person's continued service to the Issuer.