Zevia (NYSE: ZVIA) CEO awarded 1.0M RSUs, sells shares to cover taxes
Rhea-AI Filing Summary
Zevia PBC President & CEO Amy Taylor reported a mix of equity awards and related share sales. On March 26, she received 1,021,277 restricted stock units (RSUs) under the 2021 Equity Incentive Plan, each convertible into one Class A share and vesting in four annual installments starting March 26, 2026.
To cover tax liabilities from the settlement of earlier RSU grants totaling 169,394 and 202,882 units, she sold an aggregate 144,008 Class A shares between March 26 and March 30 at weighted average prices around $1.14–$1.17 per share in sell-to-cover transactions the filing describes as non-discretionary. After these transactions, she holds 2,390,117 shares directly and 5,500 shares indirectly through her spouse, along with other unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 10,776 | $1.162 | $13K |
| Sale | Class A Common Stock | 66,501 | $1.1375 | $76K |
| Grant/Award | Class A Common Stock | 1,021,277 | $0.00 | -- |
| Sale | Class A Common Stock | 66,731 | $1.1674 | $78K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units ("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. 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 169,394 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 $1.15 to $1.20, 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. 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 202,882 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 $1.12 to $1.17, 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. 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 $1.13 to $1.195, 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. Includes 1,820,212 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 219,423 RSUs began vesting in 1/4 increments on each anniversary of March 17, 2023 and are settled within 30 days following each vesting date. 600,000 RSUs began vesting in 1/4 increments on each anniversary of March 11, 2024 and are settled within 30 days following each vesting date. 592,105 RSUs began vesting in 1/4 increments on each anniversary of March 14, 2025 and are settled within 30 days following each vesting date. 1,021,277 RSUs begin vesting in 1/4 increments on each anniversary of March 26, 2026 and will be settled within 30 days following each vesting date. Represents shares held by Reporting Person's spouse.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
sell to cover financial
weighted average sale price financial
Equity Incentive Plan financial
tax withholding obligations financial
FAQ
What did Zevia (ZVIA) CEO Amy Taylor receive in this Form 4 filing?
How do the new RSUs for Zevia (ZVIA) CEO vest over time?
What other RSU awards are outstanding for Zevia (ZVIA) CEO Amy Taylor?