CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 4

What Happened

• Caisse de depot et placement du Quebec (CDPQ), as a 10% owner through its wholly owned subsidiary CDP Investissements Inc. (CDP), sold 3,500,000 shares of Zevia PBC (ZVIA) on January 27, 2026. The shares were disposed at $2.00 per share for total proceeds of $7,000,000. This transaction is coded as a sale (S) — sales are often routine portfolio or liquidity actions by institutional holders rather than directional insider bets.

Key Details

• Transaction date: 2026-01-27; Price: $2.00 per share; Shares sold: 3,500,000; Total value: $7,000,000.
• Transaction type: Sale (open market or private sale as reported).
• Shares owned after the transaction: not specified in the information provided.
• Footnote: The Form 4 was filed jointly by CDPQ and CDP. The securities are directly owned by CDP; CDPQ is the parent and may be deemed to beneficially own those securities.
• Filing timeliness: Period of report is 2026-01-27 and the Form 4 was filed 2026-01-28 — appears timely (not late).

Context

• This filing reflects institutional selling by a 10% owner, not an executive officer. Institutional disposals can be for portfolio rebalancing or liquidity and do not necessarily signal management views on company prospects.