Zevia PBC — Director's Dealing 2022

Dec 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zevia PBC (ZVIA)
CIK: 0001854139
Period of Report: 2022-09-02

Reporting Person: White Pine, Inc./WA (N/A)
Reporting Person: Laird Norton Co LLC (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-09-02	Class B Common Stock	C	500000	—	Disposed	7055938	Direct
2022-09-02	Class A Common Stock	C	500000	—	Acquired	500000	Direct
2022-12-02	Class B Common Stock	C	2100000	—	Disposed	4955938	Direct
2022-12-02	Class A Common Stock	C	2100000	—	Acquired	2600000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-09-02	Class B Units	$	C	500000	Disposed		Class A Common Stock (500000)	Direct
2022-12-02	Class B Units	$	C	2100000	Disposed		Class A Common Stock (2100000)	Direct

Footnotes

F1: This Form 4 is filed jointly by White Pine, Inc. ("White Pine") and Laird Norton Company LLC ("LNC"). The securities are directly owned by White Pine. White Pine is a wholly owned subsidiary of LNC, and accordingly LNC may be deemed to beneficially own the securities owned directly by White Pine.

F2: In connection with the Company's IPO, the Company issued shares of its Class B Common Stock on a one-for-one basis to all holders of Class B Units in Zevia LLC. 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: On September 2, 2022, White Pine converted 500,000 Class B Units to shares of Class A Common Stock and a corresponding number of shares of Class B Common Stock held by White Pine were cancelled.

F4: On December 2, 2022, White Pine converted 2,100,000 Class B Units to shares of Class A Common Stock and a corresponding number of shares of Class B Common Stock held by White Pine were cancelled.