Satya Girish 4
4 · Zevia PBC · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Zevia CFO Satya Girish Sells Shares, Receives RSU Award
What Happened
Satya Girish, Chief Financial Officer of Zevia PBC (ZVIA), reported two transactions: a sale of 41,662 shares on 2026-03-25 for a total of $49,136 (weighted average price ~$1.18), and a grant/award of 453,901 restricted stock units (RSUs) on 2026-03-26 (reported acquisition value $0). The sale was a "sell to cover" to satisfy tax withholding obligations related to the settlement of 96,671 RSUs and was not presented as a discretionary sale.
Key Details
- Sale (S): 41,662 shares sold on 2026-03-25 at a weighted average price of $1.18; total proceeds reported $49,136. Sales occurred at prices ranging $1.17–$1.23 (multiple transactions).
- Grant/Award (A): 453,901 RSUs granted on 2026-03-26 (reported price $0). Each RSU represents the right to one share under the Zevia PBC 2021 Equity Incentive Plan.
- Footnotes: F1 confirms the sale was to satisfy tax withholding from settlement of 96,671 RSUs (sell-to-cover). F2 gives the price range and offers further breakdown on request. F3/F4 describe the RSU terms and outstanding RSU schedules (total noted: 696,584 RSUs across grant dates).
- Shares owned after transaction: not specified in the excerpt of the filing provided.
- Filing: Report filed 2026-03-27 covering transactions on 2026-03-25 and 2026-03-26 (no late filing flag indicated).
Context
- The sale appears routine (tax withholding) rather than a discretionary sell signal. The grant is an equity award (RSUs) that vests over time; the 453,901 RSUs are described as vesting in 1/4 increments on each anniversary of March 26, 2026 and are settled within 30 days following each vesting date.
- For retail investors: awards increase potential future dilution as they vest, while sell-to-cover transactions are common and do not necessarily indicate management sentiment about the stock.
Insider Transaction Report
Form 4
Zevia PBCZVIA
Satya Girish
Chief Financial Officer
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-03-25$1.18/sh−41,662$49,136→ 327,909 total - Award
Class A Common Stock
[F3][F4]2026-03-26+453,901→ 781,810 total
Footnotes (4)
- [F1]The transaction reported reflects the sale of shares of Class A Common Stock in satisfaction of the Reporting Person's tax liability in connection with the settlement of 96,671 restricted stock units ("RSUs"). This sale was made to satisfy tax withholding obligations through a "sell to cover" transaction and does not represent a discretionary trade made by the Reporting Person.
- [F2]The price reported in Column 4 is a weighted average sale price of the Issuer's Class A Common Stock. These shares were sold in multiple transactions at prices ranging from $1.17 to $1.23, inclusive. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Represents RSUs granted under the Zevia PBC 2021 Equity Incentive Plan (the "2021 Plan"). Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs vest in 1/4 increments on each anniversary of March 26, 2026 and are settled within 30 days following each vesting date.
- [F4]Includes 696,584 RSUs. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. 189,314 RSUs began vesting in 1/4 increments on each anniversary of March 11, 2024 and are settled within 30 days following each vesting date. 197,368 RSUs began vesting in 1/4 increments on each anniversary of March 14, 2025 and are settled within 30 days following each vesting date. 453,901 RSUs begin vesting in 1/4 increments on each anniversary of March 26, 2026 and are settled within 30 days following each vesting date.
Signature
/s/ Carnation Jafari, Attorney-in-Fact for Girish Satya|2026-03-27