SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Beech William D.

(Last)

(First)

(Middle)

C/O ZEVIA PBC

15821 VENTURA BLVD., SUITE 145

(Street)

ENCINO

91436

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/21/2021

3. Issuer Name and Ticker or Trading Symbol
Zevia PBC [ ZVIA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	See Remarks

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	75,000⁽¹⁾	D
Class B Common Stock	37,358	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Units	⁽²⁾	⁽²⁾	Class A Common Stock	37,358	⁽²⁾	D
Stock Option (Right to Buy)	⁽³⁾	05/06/2028	Class A Common Stock	4,376	$0.06	D
Stock Option (Right to Buy)	⁽⁴⁾	05/06/2028	Class A Common Stock	4,376	$0.03	D
Stock Option (Right to Buy)	⁽⁵⁾	05/06/2028	Class A Common Stock	4,376	$0.01	D
Stock Option (Right to Buy)	⁽⁶⁾	12/31/2029	Class A Common Stock	30,000	$2.78	D

Explanation of Responses:

1. Consists of 75,000 restricted stock units ("RSUs") received by the Reporting Person upon assumption and adjustment of 37,500 Restricted Common Class C Units of Zevia LLC. Each RSU represents the right to receive one share of Class A Common Stock of the Issuer. The RSUs will vest in full on the earliest to occur of (i) the date that is six months after the initial public offering of the Issuer (the "IPO"), (ii) the termination of the lockup period following the IPO or (iii) the consummation of a change in control of the Issuer, subject to the Reporting Person's continued service to the Issuer.

2. The Class B Units of Zevia LLC are exchangeable, at the holder's option, on a one-for-one basis into shares of Class A Common Stock of the Issuer. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock will be automatically cancelled.

3. Represents options to purchase 4,376 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 2,188 unit options of Zevia LLC. 2,292 options are vested and the remaining 2,084 options will vest in monthly installments over the next 10 months, subject to the Reporting Person's continued service to the Issuer.

4. Represents options to purchase 4,376 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 2,188 unit options of Zevia LLC. 2,292 options are vested and the remaining 2,084 options will vest in monthly installments over the next 10 months, subject to the Reporting Person's continued service to the Issuer.

5. Represents options to purchase 4,376 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 2,188 unit options of Zevia LLC. 2,292 options are vested and the remaining 2,084 options will vest in monthly installments over the next 10 months, subject to the Reporting Person's continued service to the Issuer.

6. Represents options to purchase 30,000 shares of Class A Common Stock of the Issuer received by the Reporting Person upon assumption and adjustment of 15,000 unit options of Zevia LLC. 11,250 options are vested and the remaining 18,750 options will vest in monthly installments over the next 30 months, subject to the Reporting Person's continued service to the Issuer.

Remarks:

Chief Financial Officer and Senior Vice President Exhibit 24 - Power of Attorney

	/s/ Lorna R. Simms, Attorney-in-fact for William D. Beech	07/21/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.