Zevia PBC filings document the public-company disclosures of a Delaware public benefit corporation focused on zero-sugar, clean-label beverages. Form 8-K reports furnish quarterly and annual earnings releases, Regulation FD investor presentations, board appointments and committee assignments, and material agreements tied to the company’s capital structure.
Proxy materials describe annual meeting matters such as director elections, auditor ratification, board structure, committee oversight and stockholder voting procedures. Other filings address the company’s Class A common stock, its wholly owned subsidiary Zevia LLC, and equity distribution arrangements used for at-the-market offering capacity.
Zevia PBC (ZVIA) received $15.0 million when it issued Bubble Holdings 15,000 Series A preferred shares on October 22, 2026, and agreed to issue another 5,000 shares for $5.0 million at a deferred closing if conditions are waived or satisfied. The deferred investment is generally conditioned on 2026 net sales of at least $172.5 million and Adjusted EBITDA of at least negative $3 million; Bubble may waive these financial conditions or close early, which automatically waives them.
Bubble Holdings and affiliated reporting persons may be deemed to beneficially own 13,812,154 Class A shares, approximately 16.1%, issuable upon conversion of 20,000 preferred shares held or acquirable. Zevia had 72,136,516 Class A shares outstanding as of July 31, 2026. The preferred shares carry a $1.448 initial conversion price, 6% cumulative annual dividends compounded quarterly, redemption rights and an aggregate 14,428,844-share conversion cap. Bubble may designate one director while it or its affiliates meet the stated ownership threshold; the securities are generally subject to a 12-month transfer restriction and specified voting and registration rights.
Zevia PBC (ZVIA) agreed to issue up to 20,000 shares of Series A Senior Convertible Preferred Stock to Bubble Holdings, LLC for up to $20.0 million at $1,000 per share. Zevia issued 15,000 shares for $15.0 million at the initial closing; it agreed to sell the remaining 5,000 shares for $5.0 million no later than five business days after filing its 2026 Form 10-K, subject to conditions including fiscal 2026 net sales of at least $172.5 million and Adjusted EBITDA no less than negative $3.0 million. Bubble Holdings may elect a pre-filing closing on at least three business days’ irrevocable notice, waiving those financial thresholds. Zevia intends to use net proceeds for strategic priorities and general corporate purposes.
Dividends accrue at 6.00% annually, compounding quarterly; unpaid dividends may be added to Accreted Value. The initial conversion price is $1.448 per Class A share, subject to a cap of 14,428,844 conversion shares, stated as 19.99% of common stock outstanding before issuance. Bubble Holdings has a conditional right to designate a board nominee and consent, voting, redemption and resale-registration rights. Zevia preliminarily expects Q3 2026 net sales of approximately $48 million, above prior guidance of $44 million to $46 million, and negative $900,000 to negative $1.0 million in Adjusted EBITDA, above prior guidance of negative $3.0 million to negative $3.5 million.
Zevia PBC reported Q2 2026 results with modest top-line growth and continued losses. Net sales were $45.0 million for the quarter and $91.1 million for the first half of 2026, up 10.4% year over year, driven by pricing and higher volume in the first half.
Gross margin stayed strong at about 49%, though aluminum tariffs lifted unit costs. Q2 net loss was $2.9 million (basic and diluted loss per share $0.04); first-half net loss was $5.3 million. Operating expenses reflected higher equity-based compensation, including a Cardi B endorsement grant, and a $1.9 million litigation reserve for a labeling lawsuit with a tentative settlement.
The company is executing a multi-year Productivity Initiative targeted at roughly $20 million in annualized savings and a new warehouse restructuring expected to save about $4.1 million annually once completed. Zevia ended June 30, 2026 with $28.5 million in cash, positive operating cash flow of $4.0 million year-to-date, no borrowings under a $20 million revolving credit facility maturing in 2030, and states that available liquidity should cover operations and planned investments beyond the next 12 months, despite ongoing macro headwinds from tariffs, inflation and higher fuel costs.
Zevia PBC reported second-quarter 2026 results with net sales of $45.0 million, up 1.1% year over year, driven by pricing while volume declined 3.7% against prior-year distribution load-ins. Gross margin was 48.9%, up 0.2 percentage points as pricing gains offset higher aluminum costs.
Operating expenses reflected higher marketing and personnel spending, restructuring and increased equity-based compensation, including awards under a Cardi B brand endorsement agreement. Net loss widened to $2.9 million, or $0.04 per share, versus $0.7 million, while adjusted net loss was $1.8 million. Adjusted EBITDA improved to $0.5 million from $0.2 million. First-half 2026 net sales grew 10.4%, highlighting earlier-period strength.
The company ended June 30, 2026 with $28.5 million of cash and no debt, plus a $20 million unused credit line. Net cash provided by operating activities for the first half was $3,950 (in thousands). For full-year 2026, Zevia maintains net sales guidance of $170 million–$175 million and an adjusted EBITDA loss of $2.0 million–$4.0 million, and for third-quarter 2026 expects net sales of $44.0 million–$46.0 million with an adjusted EBITDA loss of $3.0 million–$3.5 million.
Zevia PBC reported that President & CEO Alexandre Ruberti received a grant of 1,013,133 restricted stock units (RSUs) of Class A Common Stock on June 15, 2026 in connection with his appointment as Chief Executive Officer. The RSUs were granted under the Zevia PBC 2021 Equity Incentive Plan and have no cash exercise price.
The new RSUs vest in four equal installments on each anniversary of June 15, 2026 and are settled in shares within 30 days after each vesting date. Following this award, Ruberti directly holds 1,214,410 shares and RSUs in total, including 1,085,597 RSUs72,464 RSUs vest on the earlier of June 10, 2027 or the company’s 2027 annual stockholder meeting, with the remainder vesting in annual installments starting from June 15, 2026.
Zevia PBC held its 2026 Annual Meeting of Stockholders on June 10, 2026. As of the record date, there were 71,716,158 shares of Class A common stock and 5,208,885 shares of Class B common stock outstanding, each entitled to one vote per share.
Director nominees received the following votes: Suzanne S. Ginestro had 38,876,932 votes for, 2,008,295 against, 29,845 abstentions and 20,013,658 broker non-votes. David J. Lee had 36,046,637 votes for, 4,837,211 against, 31,224 abstentions and 20,013,658 broker non-votes. Another proposal received 58,295,745 votes for, 2,335,147 against and 297,838 abstentions.
Zevia PBC announced a leadership change, with President and CEO Amy E. Taylor resigning effective mid-June 2026 and remaining as a director and short-term consultant. The board appointed current director Alexandre I. Ruberti as the new President and Chief Executive Officer.
Ruberti’s offer includes a $638,000 annual base salary, target bonus equal to 100% of salary, and 2026 long-term equity awards of $1,440,000 in restricted stock units vesting over four years and $360,000 in performance stock units tied to net sales through December 31, 2028. He is also eligible for future annual long-term incentive awards of $1,800,000 and a $50,000 relocation allowance, plus severance protections that generally provide 12 months of base salary and COBRA subsidies if he is terminated without cause or resigns for good reason. Separately, Zevia revised its second quarter 2026 outlook, now expecting net sales at the high end of prior guidance and Adjusted EBITDA at or above its earlier range.
Ginestro Suzanne Saltzman reported acquisition or exercise transactions in this Form 4 filing.
Zevia PBC director Suzanne Saltzman Ginestro received a grant of 72,464 restricted stock units (RSUs), each representing one share of Class A Common Stock. The RSUs were granted at no cash cost and will vest on the earlier of June 10, 2027 or Zevia’s 2027 annual stockholder meeting, with settlement within 30 days after vesting. Following this award, she holds 101,969 Class A-linked shares and RSUs directly.
Spence Padraic L. reported acquisition or exercise transactions in this Form 4 filing.
Zevia PBC director Padraic L. Spence received a grant of 72,464 restricted stock units (RSUs) of Class A Common Stock. The award was granted at no cash cost under the Zevia PBC 2021 Equity Incentive Plan.
Each RSU represents the right to receive one share of Class A Common Stock. The RSUs vest on the earlier of June 10, 2027 or Zevia’s 2027 annual meeting of stockholders and are settled within 30 days after vesting. Following this grant, Spence’s reported direct holdings, including these RSUs, total 1,627,881 shares and RSUs, reflecting a compensation-related equity award rather than an open-market purchase.
Ruehl Julie Garcia reported acquisition or exercise transactions in this Form 4 filing.
Zevia PBC director Julie Garcia Ruehl received an equity award of 72,464 restricted stock units (RSUs) of Class A Common Stock. The RSUs were granted at no cost and will vest on the earlier of June 10, 2027, or Zevia’s 2027 annual stockholders’ meeting, and settle within 30 days thereafter. After this grant, she holds 334,432 shares and RSUs directly.