CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 4

What Happened
Caisse de dépôt et placement du Québec (CDPQ), reported as a 10% owner of Zevia PBC (ZVIA), sold 2,150,000 shares on 2026-05-27 at $1.90 per share, generating proceeds of $4,085,000. The transaction is reported as a sale (code S) and described as an open-market or private sale.

Key Details

• Transaction date: 2026-05-27; Filing date (Form 4): 2026-05-28 (filed timely).
• Price and amount: 2,150,000 shares at $1.90 per share; total proceeds ≈ $4,085,000.
• Transaction code: S (Sale). The filing lists "open market or private sale" as the method.
• Shares owned after transaction: Not specified in the provided filing information.
• Footnote: The Form 4 is filed jointly by CDPQ and its wholly owned subsidiary CDP Investissements Inc. (CDP). The securities are directly owned by CDP; CDPQ may be deemed to beneficially own those securities due to its ownership of CDP.

Context
This was institutional selling by a large, non-executive shareholder (CDPQ), not an insider executive transaction. Sales by institutional holders can reflect portfolio rebalancing or other fund-level decisions and should not be interpreted alone as a signal about company fundamentals.