# EDGAR Filing Document

**Accession Number:** 0001854139
**File Stem:** 0002071111-25-000031
**Filing Date:** 2025-7
**Character Count:** 16368
**Document Hash:** d48573763cd5f6ea8d943f348abda9a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071111-25-000031.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0002071111-25-000031

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250703

**DATE AS OF CHANGE**: 20250703

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zevia PBC
- **CENTRAL INDEX KEY:** 0001854139
- **STANDARD INDUSTRIAL CLASSIFICATION:** BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 862862492
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92745
- **FILM NUMBER:** 251105465

**BUSINESS ADDRESS:**
- **STREET 1:** 15821 VENTURA BLVD.
- **STREET 2:** SUITE 135
- **CITY:** ENCINO
- **STATE:** CA
- **ZIP:** 91436
- **BUSINESS PHONE:** 203-331-7639

**MAIL ADDRESS:**
- **STREET 1:** 15821 VENTURA BLVD.
- **STREET 2:** SUITE 135
- **CITY:** ENCINO
- **STATE:** CA
- **ZIP:** 91436
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** White Pine LLC
- **CENTRAL INDEX KEY:** 0001872982

**ORGANIZATION NAME:**
- **EIN:** 261630532

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 801 SECOND AVENUE, SUITE 1700
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98104
- **BUSINESS PHONE:** 206-464-5245

**MAIL ADDRESS:**
- **STREET 1:** 801 SECOND AVENUE, SUITE 1700
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** White Pine, Inc./WA
- **DATE OF NAME CHANGE:** 20210715

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

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**Issuer:** Zevia PBC

**Title of Class of Securities:** Class A Common Stock, $0.001 par value per share

**CUSIP Number:** 98955K104

**Date of Event Which Requires Filing of this Statement:** 06/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>White Pine LLC | Names of Reporting Persons<br>White Pine LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>WA | Citizenship or Place of Organization<br>WA |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3357486 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3357486 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3357486 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3357486 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.9% | Percent of Class Represented by Amount in Row (9)<br>4.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Note to Items 6, 8, and 9: This Amendment No. 4 amends and supplements the Statement on Schedule 13G initially filed by the Reporting Person with the U.S. Securities and Exchange Commission ("SEC") on September 3, 2021 (as amended, the "Schedule 13G"). The purpose of this Amendment No. 4 is to (i) update the Reporting Person's beneficial ownership percentage in the Schedule 13G as of June 30, 2025, (ii) correct the Reporting Person's beneficial ownership information as reported on Amendment No. 3 to the Statement on Schedule 13G (as of December 31, 2024) in order to correct an inadvertent overstatement of the number of shares of Class A common stock, $0.001 par value per share (the "Class A Shares") of Zevia PBC (the "Issuer") beneficially owned by the Reporting Person disclosed therein and (iii) indicate that the Reporting Person has ceased to be the beneficial owner of more than five percent of the shares of the outstanding Class A common stock of the Issuer as of June 30, 2025. This Amendment No. 4 constitutes an exit filing for the Reporting Person. 

Amendment No. 3 to the Schedule 13G reported 4,838,288 Class A Shares beneficially owned by the Reporting Person and should have reported 4,747,490 Class A Shares beneficially owned by the Reporting Person, as of December 31, 2024.

Note to Items 6, 8, and 9: This amount reflects 951,548 Class A Shares of the Issuer, 2,405,938 Class B units of Zevia LLC (the "Class B Units"), a subsidiary of the Issuer, and an equal number of shares of Class B common stock, $0.001 par value per share, of the Issuer (the "Class B Shares") for each Class B Unit held, all of which are directly and beneficially owned by White Pine LLC, a Washington limited liability company ("White Pine"), as of June 30, 2025. 

Each Class B Unit may be exchanged for one share of the Issuer's Class A common stock, or, at the Issuer's election, cash. Upon such exchange (or redemption for cash), the corresponding Class B Share is automatically retired. The aggregate number of Class B Shares beneficially owned by the Reporting Person are treated as converted into Class A common stock solely for the purpose of computing the percentage ownership of the Reporting Person. 

Note to Item 11: Based on the quotient obtained by dividing (a) 3,357,486, the sum of the Class A Shares and the Class B Shares beneficially owned by the Reporting Person as set forth in Row 9, by (b) the sum of (i) 66,064,650 shares of Class A common stock issued and outstanding as of May 2, 2025, as disclosed in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on May 7, 2025 (the "Form 10-Q"), and (ii) 2,405,938 Class B Shares beneficially owned by the Reporting Person. Taking into account the 8,156,591 shares of Class B Common Stock issued and outstanding as of May 2, 2025, as disclosed in the Form 10-Q, White Pine beneficially owns approximately 4.5% of the Issuer's issued and outstanding capital stock.

As a result of the Reporting Person no longer owning more than five percent of the Issuer's Class A common stock, this filing constitutes an exit filing for the Reporting Person.

---

| 1. | Names of Reporting Persons<br>Laird Norton Co LLC | Names of Reporting Persons<br>Laird Norton Co LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>NV | Citizenship or Place of Organization<br>NV |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3357486 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3357486 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3357486 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3357486 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.9% | Percent of Class Represented by Amount in Row (9)<br>4.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Note to Items 6, 8, and 9: This Amendment No. 4 amends and supplements the Statement on Schedule 13G initially filed by the Reporting Person with the U.S. Securities and Exchange Commission ("SEC") on September 3, 2021 (as amended, the "Schedule 13G"). The purpose of this Amendment No. 4 is to (i) update the Reporting Person's beneficial ownership percentage in the Schedule 13G as of June 30, 2025, (ii) correct the Reporting Person's beneficial ownership information as reported on Amendment No. 3 to the Statement on Schedule 13G (as of December 31, 2024) in order to correct an inadvertent overstatement of the number of shares of Class A common stock, $0.001 par value per share (the "Class A Shares") of Zevia PBC (the "Issuer") beneficially owned by the Reporting Person disclosed therein and (iii) indicate that the Reporting Person has ceased to be the beneficial owner of more than five percent of the shares of the outstanding Class A common stock of the Issuer as of June 30, 2025. This Amendment No. 4 constitutes an exit filing for the Reporting Person. 

Amendment No. 3 to the Schedule 13G reported 4,838,288 Class A Shares beneficially owned by the Reporting Person and should have reported 4,747,490 Class A Shares beneficially owned by the Reporting Person, as of December 31, 2024.

Note to Items 6, 8, and 9: This amount reflects 951,548 Class A Shares of the Issuer, 2,405,938 Class B units of Zevia LLC (the "Class B Units"), a subsidiary of the Issuer, and an equal number of shares of Class B common stock, $0.001 par value per share, of the Issuer (the "Class B Shares") for each Class B Unit held, all of which are directly and beneficially owned by White Pine LLC, a Washington limited liability company ("White Pine"), as of June 30, 2025. 

Each Class B Unit may be exchanged for one share of the Issuer's Class A common stock, or, at the Issuer's election, cash. Upon such exchange (or redemption for cash), the corresponding Class B Share is automatically retired. The aggregate number of Class B Shares beneficially owned by the Reporting Person are treated as converted into Class A common stock solely for the purpose of computing the percentage ownership of the Reporting Person. 

Note to Item 11: Based on the quotient obtained by dividing (a) 3,357,486, the sum of the Class A Shares and the Class B Shares beneficially owned by the Reporting Person as set forth in Row 9, by (b) the sum of (i) 66,064,650 shares of Class A common stock issued and outstanding as of May 2, 2025, as disclosed in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on May 7, 2025 (the "Form 10-Q"), and (ii) 2,405,938 Class B Shares beneficially owned by the Reporting Person. Taking into account the 8,156,591 shares of Class B Common Stock issued and outstanding as of May 2, 2025, as disclosed in the Form 10-Q, White Pine beneficially owns approximately 4.5% of the Issuer's issued and outstanding capital stock.

As a result of the Reporting Person no longer owning more than five percent of the Issuer's Class A common stock, this filing constitutes an exit filing for the Reporting Person.

---

**Item 1(a). Name of Issuer:**
Zevia PBC

**Item 1(b). Address of Issuer's Principal Executive Offices:**
15821 Ventura Blvd., Suite 135, Encino, California, 91436

**Item 2(a). Name of Person Filing:**
This statement on Schedule 13G (this "Statement") is being filed by White Pine LLC ("White Pine") and Laird Norton Company LLC ("LNC"). White Pine is an indirect, wholly owned subsidiary of LNC. White Pine and LNC are filing this Statement jointly pursuant to a Joint Filing Agreement incorporated by reference herein in accordance with Rule 13d-1(k)(1) under the Act.

**Item 2(b). Address of Principal Business Office:**
The principal business offices of White Pine and LNC are located at 801 Second Avenue, Suite 1700, Seattle, Washington 98104.

**Item 2(c). Citizenship:**
White Pine is a Washington limited liability company. LNC is a Nevada limited liability company.

**Item 2(d). Title of Class of Securities:**
Class A Common Stock, $0.001 par value per share

**Item 2(e). CUSIP Number:**
98955K104

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

The information set forth in rows 5-11 (including the footnotes thereto) on the cover pages to this Statement with respect to White Pine and LNC is hereby incorporated by reference herein.

**(b) Percent of class:**

4.9

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

The information set forth in rows 5-11 (including the footnotes thereto) on the cover pages to this Statement with respect to White Pine and LNC is hereby incorporated by reference herein.

**(ii) Shared power to vote or to direct the vote:**

The information set forth in rows 5-11 (including the footnotes thereto) on the cover pages to this Statement with respect to White Pine and LNC is hereby incorporated by reference herein.

**(iii) Sole power to dispose or to direct the disposition of:**

The information set forth in rows 5-11 (including the footnotes thereto) on the cover pages to this Statement with respect to White Pine and LNC is hereby incorporated by reference herein.

**(iv) Shared power to dispose or to direct the disposition of:**

The information set forth in rows 5-11 (including the footnotes thereto) on the cover pages to this Statement with respect to White Pine and LNC is hereby incorporated by reference herein.

**Item 5. Ownership of Five Percent or Less of a Class.**

[ ] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**White Pine LLC**

**Date:** 07/03/2025

**By:** /s/ Joseph Phelps

**Name & Title:** Vice President, Legal & Secretary

**Laird Norton Co LLC**

**Date:** 07/03/2025

**By:** /s/ Joseph Phelps

**Name & Title:** Vice President, Legal & Secretary