4//SEC Filing
Margolis Harry 4
Accession 0001209191-22-009605
CIK 0001854139other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 9:19 PM ET
Size
11.3 KB
Accession
0001209191-22-009605
Insider Transaction Report
Form 4
Zevia PBCZVIA
Margolis Harry
Chief Operating Officer
Transactions
- Disposition to Issuer
Class A Common Stock
2022-02-10$7.64/sh−118$902→ 809,882 total - Exercise/Conversion
Class A Common Stock
2022-02-10$0.01/sh+90,000$900→ 810,000 total - Tax Payment
Class A Common Stock
2022-02-10$9.38/sh−31,863$298,875→ 778,019 total - Exercise/Conversion
Restricted Phantom Units
2022-02-10−90,000→ 0 totalExercise: $0.01From: 2022-02-10Exp: 2029-01-01→ Class A Common Stock (90,000 underlying)
Footnotes (3)
- [F1]Represents 90,000 restricted phantom units that vested on January 21, 2022 and were settled on February 10, 2022. Each restricted phantom unit represented the right to receive a number of shares of Class A Common Stock of the Issuer with a fair market value equal to (i) the total number of restricted phantom units, multiplied by (ii) the difference between (x) the fair market value of a share of Class A Common Stock of the Issuer on the vesting date and (y) the exercise price per unit.
- [F2]The transaction reported reflects the withholding of shares of Class A Common Stock in satisfaction of the Reporting Person's tax liability in connection with the settlement of the restricted phantom units.
- [F3]Includes 720,000 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 570,000 RSUs will vest as follows: (i) 100% on the consummation of a change of control or (ii) in equal monthly installments over the 36-month period following January 17, 2022, and 150,000 RSUs are vested in full, subject to deferred settlement in one-third increments on each of January 17, 2023, January 17, 2024, and January 17, 2025.
Documents
Issuer
Zevia PBC
CIK 0001854139
Entity typeother
Related Parties
1- filerCIK 0001871729
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 9:19 PM ET
- Size
- 11.3 KB