[144] Zevia PBC SEC Filing

Rhea-AI Filing Summary

Zevia PBC (NYSE: ZVIA) filed a Form 144 notice indicating a planned sale of up to 2,000,000 Class A common shares. The shares, to be brokered through BMO Capital Markets, have an aggregate market value of $7.28 million and represent roughly 3.0% of the 66,064,650 shares outstanding. The seller originally acquired the stock on 12/21/2020 by purchasing Series E Preferred Units that converted into common stock at the company’s IPO. No other sales were reported for the past three months, and the anticipated sale date is 06/30/2025. Form 144 filings are notices only; the transaction may not occur and the exact seller identity is not disclosed in the excerpt.

Key take-aways for investors include the size of the proposed block, the potential for incremental trading volume around the target date, and the absence of recent sales by this holder. While the filing does not signal operational changes at Zevia, it can influence supply-demand dynamics and short-term sentiment.

Positive

• None.

Negative

• Planned sale of 2,000,000 shares (~3% of outstanding) could create short-term supply overhang and weigh on Zevia’s share price.

Insights

Financial Analyst

TL;DR: 2 million-share Form 144 (~3% float) could pressure ZVIA near June 30, but operational metrics unchanged.

The proposed disposition is material for a micro-cap like Zevia because it enlarges near-term supply by approximately 3% of shares outstanding, worth $7.28 million. Such blocks often require careful execution and can cap price momentum ahead of the sale date. There are no details on staggered sales or a 10b5-1 plan, so timing remains flexible. Importantly, Form 144s do not guarantee completion—actual sales could be lower or withdrawn—yet traders typically anticipate added liquidity. No prior 3-month sales reduce immediate overhang concerns, but this filing alone tilts sentiment negative until placement details emerge.

Corporate Governance Specialist

TL;DR: Filing signals compliant disclosure; magnitude suggests insider or large holder monetization.

Rule 144 requires affiliates holding restricted or control stock to file when planned sales exceed 5,000 shares or $50,000 in value. Zevia’s filer meets that threshold by a wide margin, demonstrating adherence to SEC transparency rules. However, a 2 million-share intention implies a significant reduction in exposure by a related party, which investors may read as diminished confidence. Without the signatory’s name, we cannot attribute motive, yet board oversight should ensure orderly trading to protect minority shareholders. Overall governance compliance is positive, but the potential signaling effect is modestly adverse.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A common stock	BMO Capital Markets 151 W 42nd St New York NY 10036	2000000	7280000.00	66064650	06/30/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A common stock	12/21/2020	Purchase of Series E Preferred Units in Zevia LLC in December 2020, which were ultimately converted into the issuer's Class A common stock in connection with the issuer's IPO.	Zevia PBC			22022092	12/21/2020	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Zevia (ZVIA) shares are being registered for sale?

The Form 144 covers 2,000,000 Class A common shares.

What percentage of Zevia’s outstanding shares does 2 million represent?

Approximately 3.0% of the 66,064,650 shares outstanding.

When is the proposed sale date for the ZVIA shares?

The filer lists an approximate sale date of 06/30/2025.

What is the aggregate market value of the shares in this Form 144?

The filing states an aggregate market value of $7.28 million.

Which broker is handling the Zevia share sale?

BMO Capital Markets, located at 151 W 42nd St, New York, NY 10036, is named as broker.