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Zevia (NYSE: ZVIA) awards director 72,464 RSUs vesting by 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • None.
Insider Spence Padraic L.
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 72,464 $0.00 --
Holdings After Transaction: Class A Common Stock — 1,627,881 shares (Direct, null)
Footnotes (1)
  1. Represents restricted stock units ("RSUs") granted under the Zevia PBC 2021 Equity Incentive Plan. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs vest on the earlier to occur of (i) June 10, 2027 or (ii) the Issuer's 2027 annual meeting of stockholders and are settled within 30 days following such vesting date. Includes 72,464 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 72,464 RSUs vest on the earlier to occur of (i) June 10, 2027, or (ii) the Issuer's 2027 annual meeting of stockholders and are settled within 30 days following such vesting date.
RSUs granted 72,464 units Grant of RSUs to director Padraic L. Spence
Grant price per RSU $0.00 per unit Stock-based compensation, no cash paid by director
Holdings after grant 1,627,881 shares and RSUs Total direct holdings following RSU award
Vesting date trigger June 10, 2027 Earlier of this date or 2027 annual meeting
Settlement window Within 30 days Settlement in stock after RSUs vest
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted under the Zevia PBC 2021 Equity Incentive Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Zevia PBC 2021 Equity Incentive Plan financial
"Represents restricted stock units ("RSUs") granted under the Zevia PBC 2021 Equity Incentive Plan."
vest financial
"The RSUs vest on the earlier to occur of (i) June 10, 2027 or (ii) the Issuer's 2027 annual meeting of stockholders."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled financial
"The RSUs vest ... and are settled within 30 days following such vesting date."
Class A Common Stock financial
"Each RSU represents the right to receive one share of Class A Common Stock of the Issuer."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Spence Padraic L.
(Last)(First)(Middle)
C/O ZEVIA PBC
15821 VENTURA BLVD., SUITE 135
(Street)
ENCINO CALIFORNIA 91436
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Zevia PBC [ ZVIA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock06/10/2026A72,464(1)A$01,627,881(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units ("RSUs") granted under the Zevia PBC 2021 Equity Incentive Plan. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs vest on the earlier to occur of (i) June 10, 2027 or (ii) the Issuer's 2027 annual meeting of stockholders and are settled within 30 days following such vesting date.
2. Includes 72,464 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 72,464 RSUs vest on the earlier to occur of (i) June 10, 2027, or (ii) the Issuer's 2027 annual meeting of stockholders and are settled within 30 days following such vesting date.
/s/ Steven M. Staes, Attorney-in-Fact for Padraic L. Spence06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Zevia (ZVIA) director Padraic Spence report in this Form 4?

Padraic L. Spence reported receiving 72,464 restricted stock units (RSUs) of Zevia Class A Common Stock. The grant is a compensation award under the 2021 Equity Incentive Plan, not an open-market share purchase or sale.

How many Zevia (ZVIA) RSUs were granted to Padraic Spence and at what price?

Spence was granted 72,464 RSUs at a reported price of $0.00 per unit. This indicates a stock-based compensation award rather than a cash purchase, consistent with typical director equity compensation programs.

When do Padraic Spence’s Zevia (ZVIA) RSUs vest and settle?

The 72,464 RSUs vest on the earlier of June 10, 2027 or Zevia’s 2027 annual stockholder meeting. They are then settled in Class A Common Stock within 30 days following the applicable vesting date, according to the filing.

What are Padraic Spence’s total Zevia (ZVIA) holdings after this RSU grant?

After the grant, Spence’s reported direct holdings total 1,627,881 shares and RSUs of Zevia Class A Common Stock. This figure includes the 72,464 newly granted RSUs and reflects his equity stake following the award.

Under which plan were the Zevia (ZVIA) RSUs granted to Padraic Spence?

The 72,464 RSUs were granted under the Zevia PBC 2021 Equity Incentive Plan. This plan provides equity-based compensation, and each RSU represents the right to receive one share of Zevia Class A Common Stock upon vesting and settlement.

Is Padraic Spence’s Zevia (ZVIA) RSU grant an open-market transaction?

No, the RSU grant is not an open-market transaction. It is a compensation-related equity award reported with transaction code A, indicating a grant or award acquisition rather than a market purchase or sale of existing shares.