Satya Girish 4

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.