Director Padraic L. Spence of Zevia PBC filed a Form 4 on November 12, 2026, reporting the sale of a total of 180,000 shares of Class A Common Stock across two transactions on November 9 and November 10, 2026.

Key Highlights

  • First sale: 11,778 shares of Class A Common Stock were disposed of on November 9, 2026, at a weighted average price of $1.2648 per share, with individual transaction prices ranging from $1.26 to $1.275.
  • Second sale: 168,222 shares were disposed of on November 10, 2026, at a weighted average price of $1.1764 per share, with individual transaction prices ranging from $1.08 to $1.28.
  • Remaining holdings: Following both transactions, Spence directly held 1,447,881 shares of Class A Common Stock, according to the filing.
  • RSUs included: The post-transaction total of 1,447,881 shares includes 72,464 RSUs, each representing the right to receive one share of Class A Common Stock, vesting on the earlier of June 10, 2027, or the issuer's 2027 annual meeting of stockholders.
  • Reporting person role: Padraic L. Spence is identified in the filing as a Director of Zevia PBC, listed on NASDAQ:ZVIA.

Spence's Two-Day Share Disposition at Zevia PBC

According to the Form 4 filed with the SEC on November 12, 2026, Director Padraic L. Spence sold shares of Zevia PBC (NASDAQ:ZVIA) Class A Common Stock on two consecutive trading days. On November 9, 2026, Spence disposed of 11,778 shares at a weighted average sale price of $1.2648. The filing notes these shares were sold in multiple transactions at prices ranging from $1.26 to $1.275, inclusive. Following that transaction, Spence's directly held beneficial ownership stood at 1,616,103 shares.

On November 10, 2026, Spence sold an additional 168,222 shares at a weighted average sale price of $1.1764. The filing states these shares were also sold across multiple transactions at prices ranging from $1.08 to $1.28, inclusive. Both sales are coded "S" in the filing, indicating open-market dispositions. The filing states that full information regarding the number of shares sold at each separate price is available upon request to the SEC staff, the issuer, or a security holder.

After both transactions, Spence's direct beneficial ownership was reported as 1,447,881 shares of Class A Common Stock. The filing discloses that this figure includes 72,464 RSUs, with each RSU representing the right to receive one share of Class A Common Stock. According to the filing, those RSUs "vest on the earlier to occur of (i) June 10, 2027, or (ii) the Issuer's 2027 annual meeting of stockholders and are settled within 30 days following such vesting date." The Form 4 was signed by Steven M. Staes as Attorney-in-Fact on November 12, 2026.

What Was Disclosed

The filing reports two open-market sales of Zevia PBC Class A Common Stock by Director Padraic L. Spence on November 9 and November 10, 2026, totaling 180,000 shares sold at weighted average prices of $1.2648 and $1.1764, respectively, leaving a reported direct beneficial ownership of 1,447,881 shares including 72,464 RSUs.