Lee David J. 4

What Happened
David J. Lee, a director of Zevia PBC (ZVIA), was granted 72,464 restricted stock units (RSUs) on 2026-06-10. The award was reported as an acquisition at a grant price of $0.00 (total reported cash consideration $0). Each RSU represents the right to receive one share of the company’s Class A common stock upon vesting.

Key Details

• Transaction date: 2026-06-10; filing date: 2026-06-12 (Form 4). Filing appears timely (two business days after the transaction).
• Grant amount: 72,464 RSUs; grant price shown as $0.00 (transaction code A — award/grant).
• Vesting: RSUs vest on the earlier of (i) June 10, 2027, or (ii) Zevia’s 2027 annual meeting of stockholders, and are settled (shares issued) within 30 days after vesting (per footnotes F1/F2).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1/F2 confirm each RSU converts to one share of Class A common stock and repeat vesting/settlement terms. No 10b5-1 plan, tax-withholding specifics, or late-filing flags were reported.

Context
RSUs are a form of equity compensation that give the holder the right to receive company shares in the future if vesting conditions are met; they do not involve immediate cash payment and typically convert to common stock upon vesting. Grants to directors are common as part of compensation or retention programs and do not by themselves indicate insider buying or selling activity in the open market.