Zevia (ZVIA) CFO awarded 453,901 RSUs, sells 41,662 shares to cover taxes

Rhea-AI Filing Summary

Zevia PBC’s Chief Financial Officer, Satya Girish, reported both an equity award and a related tax sale of Class A Common Stock. On March 26, 2026, Girish acquired 453,901 RSUs under the 2021 Equity Incentive Plan, each representing one share, vesting in four annual installments starting on March 26, 2026.

On March 25, 2026, Girish sold 41,662 shares at a weighted average price of $1.1794 per share in a “sell to cover” transaction to satisfy tax withholding obligations tied to the settlement of 96,671 RSUs, which the filing states was not a discretionary trade. After these transactions, Girish directly owned 781,810 shares, including 696,584 RSUs subject to multi‑year vesting schedules.

Insights

Equity compensation analyst

Routine RSU grant with tax-related share sale; limited signaling value.

The Zevia PBC CFO received a sizable equity award of 453,901 RSUs that vests annually over four years starting March 26, 2026. This aligns compensation with long-term stock performance and extends the executive’s incentive horizon.

The 41,662-share sale at a weighted average of $1.1794 per share was explicitly described as a “sell to cover” tax withholding event from the settlement of 96,671 RSUs, not a discretionary trade. Such tax-driven sales typically carry weak information about the insider’s view of the stock.

Post-transaction holdings of 781,810 shares, including 696,584 RSUs across several vesting schedules through and after 2026, show the CFO maintains substantial exposure to Zevia equity. Overall, this filing reflects standard executive compensation mechanics rather than a thesis-changing move.

Insider Trade Summary

Net Seller: 41,662 shares ($49,136)

Net Sell 2 txns

Insider Satya Girish

Role Chief Financial Officer

Sold 41,662 shs ($49K)

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	453,901	$0.00	--
Sale	Class A Common Stock	41,662	$1.1794	$49K

Holdings After Transaction: Class A Common Stock — 781,810 shares (Direct)

Footnotes (1)

1. The transaction reported reflects the sale of shares of Class A Common Stock in satisfaction of the Reporting Person's tax liability in connection with the settlement of 96,671 restricted stock units ("RSUs"). This sale was made to satisfy tax withholding obligations through a "sell to cover" transaction and does not represent a discretionary trade made by the Reporting Person. The price reported in Column 4 is a weighted average sale price of the Issuer's Class A Common Stock. These shares were sold in multiple transactions at prices ranging from $1.17 to $1.23, inclusive. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Represents RSUs granted under the Zevia PBC 2021 Equity Incentive Plan (the "2021 Plan"). Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs vest in 1/4 increments on each anniversary of March 26, 2026 and are settled within 30 days following each vesting date. Includes 696,584 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 189,314 RSUs began vesting in 1/4 increments on each anniversary of March 11, 2024 and are settled within 30 days following each vesting date. 197,368 RSUs began vesting in 1/4 increments on each anniversary of March 14, 2025 and are settled within 30 days following each vesting date. 453,901 RSUs begin vesting in 1/4 increments on each anniversary of March 26, 2026 and are settled within 30 days following each vesting date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Satya Girish

(Last) (First) (Middle)

C/O ZEVIA PBC

15821 VENTURA BLVD., SUITE 145

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/25/2026		S(1)		41,662	D	$1.1794(2)	327,909	D
Class A Common Stock	03/26/2026		A		453,901(3)	A	$0	781,810(4)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transaction reported reflects the sale of shares of Class A Common Stock in satisfaction of the Reporting Person's tax liability in connection with the settlement of 96,671 restricted stock units ("RSUs"). This sale was made to satisfy tax withholding obligations through a "sell to cover" transaction and does not represent a discretionary trade made by the Reporting Person.

2. The price reported in Column 4 is a weighted average sale price of the Issuer's Class A Common Stock. These shares were sold in multiple transactions at prices ranging from $1.17 to $1.23, inclusive. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. Represents RSUs granted under the Zevia PBC 2021 Equity Incentive Plan (the "2021 Plan"). Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs vest in 1/4 increments on each anniversary of March 26, 2026 and are settled within 30 days following each vesting date.

4. Includes 696,584 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 189,314 RSUs began vesting in 1/4 increments on each anniversary of March 11, 2024 and are settled within 30 days following each vesting date. 197,368 RSUs began vesting in 1/4 increments on each anniversary of March 14, 2025 and are settled within 30 days following each vesting date. 453,901 RSUs begin vesting in 1/4 increments on each anniversary of March 26, 2026 and are settled within 30 days following each vesting date.

	/s/ Carnation Jafari, Attorney-in-Fact for Girish Satya	03/27/2026
	** Signature of Reporting Person	Date
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)

FAQ

What insider transactions did Zevia (ZVIA) report for its CFO in this Form 4?

Zevia’s CFO, Satya Girish, reported two transactions: a grant of 453,901 restricted stock units and a sale of 41,662 Class A Common Stock shares. Both relate to equity compensation and associated tax obligations rather than discretionary open-market buying or selling.

How many Zevia (ZVIA) shares did the CFO sell, and at what price?

The CFO sold 41,662 shares of Zevia Class A Common Stock at a weighted average price of $1.1794 per share. The filing notes these shares were sold in multiple trades between $1.17 and $1.23, with full trade details available on request.

Was the Zevia (ZVIA) CFO’s share sale a discretionary transaction?

No. The filing explains the 41,662-share sale was a “sell to cover” transaction used to satisfy tax withholding obligations from settling 96,671 RSUs. It explicitly states this did not represent a discretionary trade by the reporting person.

What RSU award did the Zevia (ZVIA) CFO receive in this Form 4?

The CFO received 453,901 restricted stock units under Zevia’s 2021 Equity Incentive Plan. Each RSU equals one Class A share and vests in four equal annual installments on each anniversary of March 26, 2026, with settlement within 30 days after each vesting date.

How many Zevia (ZVIA) shares and RSUs does the CFO hold after these transactions?

After the reported transactions, the CFO directly owned 781,810 Zevia Class A shares, which includes 696,584 RSUs. Those RSUs vest over several schedules beginning on March 11, 2024, March 14, 2025, and March 26, 2026, each in four annual installments.

What is the vesting schedule of the Zevia (ZVIA) CFO’s RSUs mentioned in the Form 4?

The filing notes 189,314 RSUs vest annually from March 11, 2024, 197,368 RSUs vest annually from March 14, 2025, and 453,901 RSUs vest annually from March 26, 2026. Each RSU tranche is settled within 30 days following its respective vesting date.