Laird Norton Co LLC 4
4 · Zevia PBC · Filed Dec 6, 2022
Insider Transaction Report
Form 4
Zevia PBCZVIA
White Pine, Inc./WA
10% Owner
Transactions
- Conversion
Class B Units
2022-09-02−500,000→ 7,055,938 total→ Class A Common Stock (500,000 underlying) - Conversion
Class A Common Stock
2022-12-02+2,100,000→ 2,600,000 total - Conversion
Class B Common Stock
2022-09-02−500,000→ 7,055,938 total - Conversion
Class B Common Stock
2022-12-02−2,100,000→ 4,955,938 total - Conversion
Class A Common Stock
2022-09-02+500,000→ 500,000 total - Conversion
Class B Units
2022-12-02−2,100,000→ 4,955,938 total→ Class A Common Stock (2,100,000 underlying)
Footnotes (4)
- [F1]This Form 4 is filed jointly by White Pine, Inc. ("White Pine") and Laird Norton Company LLC ("LNC"). The securities are directly owned by White Pine. White Pine is a wholly owned subsidiary of LNC, and accordingly LNC may be deemed to beneficially own the securities owned directly by White Pine.
- [F2]In connection with the Company's IPO, the Company issued shares of its Class B Common Stock on a one-for-one basis to all holders of Class B Units in Zevia LLC. The Class B Units of Zevia LLC are exchangeable, at the holder's option, on a one-for-one basis into shares of Class A Common Stock of the Issuer. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock will be automatically cancelled.
- [F3]On September 2, 2022, White Pine converted 500,000 Class B Units to shares of Class A Common Stock and a corresponding number of shares of Class B Common Stock held by White Pine were cancelled.
- [F4]On December 2, 2022, White Pine converted 2,100,000 Class B Units to shares of Class A Common Stock and a corresponding number of shares of Class B Common Stock held by White Pine were cancelled.