10q10k10q10k.net

What changed in Zevia PBC's 10-K2024 vs 2025

vs

Paragraph-level year-over-year comparison of Zevia PBC's 2024 and 2025 10-K annual filings, covering the Business, Risk Factors, Legal Proceedings, Cybersecurity, MD&A and Market Risk sections. Every new, removed and edited paragraph is highlighted side-by-side so you can see exactly what management changed in the 2025 report.

+5 added24 removedSource: 10-K (2026-02-25) vs 10-K (2025-02-26)

Top changes in Zevia PBC's 2025 10-K

5 paragraphs added · 24 removed · 4 edited across 3 sections

Item 1C. Cybersecurity

Cybersecurity — threats and controls disclosure

0 edited+1 added19 removed0 unchanged
Removed
Item 1C. Cybersecurity We recognize the critical importance of maintaining the safety and security of our systems and data and have a holistic process designed to assess, identify, and manage material risks from cybersecurity threats. This process is supported by both management and our Board of Directors.
Added
Item 1C. Cybersecurity 30 Item 2. Properties 31 Item 3. Legal Proceedings 31 Item 4. Mine Safety Disclosures 31 PART II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 32 Item 6. Reserved 32
Removed
To prevent, detect, mitigate, and remediate information security threats, including a cybersecurity incident and/or threat, we maintain a cyber risk management process managed by our Senior Vice President, Operations (“SVP, Operations”) who reports to our CEO and has seven years of experience overseeing information technology processes and procedures, including cybersecurity matters.
Removed
The SVP, Operations works with the Company’s Legal team on cybersecurity strategy, policy, training, standards, architecture, and processes. We have invested, and expect to continue to invest, in resources for the protection and safeguarding of our information technology systems, including, but not limited to, networks, applications, and outsourced technology services in connection with the operation of our business.
Removed
We have implemented cybersecurity systems and controls based on industry best practices and the U.S. National Institute of Standards and Technology Cybersecurity Framework (“NIST CSF”).
Removed
This does not imply that we meet any particular technical standards, specifications or requirements, only that we use such standards as a guide to help us identify, assess and manage cybersecurity risks relevant to our business.
Removed
These resources are designed to detect and respond to cyber incidents that may result in unauthorized access to, ransomware, damages, or destruction of, our information systems. 32 Risk Management and Strategy Cybersecurity risk is a direct responsibility of management and the Company’s information technology (“IT”) team, including our Director, IT who has over 15 years of experience building, implementing, and managing information systems, developing cybersecurity programs, and deploying risk mitigation strategies for such systems.
Removed
Working cross-functionally with our Legal team, our SVP, Operations oversees the IT team that regularly monitors and assesses cybersecurity risks, implements measures designed to mitigate such risks and their associated effects on the Company and personal data collected, stored, and processed in our systems, and manages our information security training and cybersecurity awareness program.
Removed
We consider cybersecurity, along with other significant risks that we face, within our overall enterprise risk management framework. Our approach to cybersecurity risk management includes the following: • Multi-Layered Defense and Monitoring – We work to protect our computing environments from cybersecurity threats through multi-layered defenses and monitoring efforts to identify cybersecurity threats, and to help prevent future attacks.
Removed
We utilize data analytics systems to detect anomalies and identify cyber threats. From time to time, we engage third-party consultants or other advisors to assist in assessing, identifying, and/or managing cybersecurity threats.
Removed
We also periodically use third-parties to conduct additional reviews and assessments. • Insider Threats – We maintain organizational controls such as limited access, and access removal for terminated employees, designed to minimize insider threats, and address potential risks from within our Company.
Removed
Our measures and controls are informed by industry practices, and designed to be consistent with applicable law, including privacy and other considerations. • Third Party Risk Assessments – We conduct privacy and information security risk assessments before sharing or allowing the hosting of sensitive data in computing environments managed by third parties. • Training and Awareness – We provide awareness training to our employees to help identify, avoid and mitigate cybersecurity threats.
Removed
Our employees with network access are required to participate annually in training, including phishing simulations and other awareness training.
Removed
We also periodically host tabletop exercises with management and other employees to practice rapid cyber incident response. • Supplier Engagement – Our standard terms and conditions contain contractual provisions requiring that our third-party suppliers disclose to us the technical and organizational measures they maintain, the standards and certifications by which they are evaluated for information and cyber security, and their cybersecurity insurance protection level.
Removed
We seek to mitigate risk by evaluating the foregoing against any potential cyber-related risks depending on the nature of the services being provided. Governance Our Board of Directors is responsible for overseeing our enterprise risk management activities in general, and each of our Board committees assists the Board in the role of risk oversight.
Removed
The Nominating and Enterprise Risk Management (“NERM”) Committee of the Board of Directors specifically assists the Board in its oversight of risks related to cybersecurity. In accordance with its charter, the NERM Committee receives regular reports at each of its quarterly meetings from management, including the SVP, Operations.
Removed
Such reporting includes updates on the Company’s cybersecurity program, information security matters, the evolving cybersecurity threat environment, applicable privacy law compliance, and the Company’s mitigation plans and evolving mitigation strategy. The Chair of the NERM Committee regularly reports to the Board of Directors on cybersecurity risks and other related matters .
Removed
In addition, both the NERM Committee and the Audit Committee, in a joint meeting, receive an update on the Company’s risk management process and the risk trends related to cybersecurity at least annually. Management reports to the NERM Committee and/or the Board of Directors in between meetings as appropriate regarding any significant cyber events.
Removed
Since the beginning of the last fiscal year, we have not identified any cybersecurity threat or incident that has materially affected the Company or our financial position, results of operations and/or cash flows, but we face certain ongoing cybersecurity risk threats that, if realized, are reasonably likely to materially affect us.
Removed
We continue to invest in the cybersecurity and resiliency of our networks and enhance our internal controls and processes, which are designed to help protect our systems and infrastructure, and the information they contain. For more information regarding the risks we face from cybersecurity threats, please see Part I, Item 1A. “Risk Factors” included in this Annual Report.

Item 2. Properties

Properties — owned and leased real estate

1 edited+0 added1 removed1 unchanged
Biggest changeWe believe that our current facilities are suitable and adequate to meet our current needs. We continue to evaluate opportunities to support our future plans for growth and cost reduction. We believe that additional or alternative space to support future use and expansion will be available on reasonable commercial terms. Item 3.
Biggest changeWe believe that our current facilities are suitable and adequate to meet our current needs. We continue to evaluate opportunities to support our future plans for growth and cost reduction. We believe that additional or alternative space to support future use and expansion will be available on reasonable commercial terms.
Removed
Legal Proceedings We are not subject to any material legal proceedings. Item 4. Mine Safety Disclosures. Not applicable. 33 PART II

Item 5. Market for Registrant's Common Equity

Market for Common Equity — stock, dividends, buybacks

3 edited+0 added0 removed4 unchanged
Biggest changeItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Market Information for Class A Common Stock Our Class A common stock has been listed on the New York Stock Exchange under the symbol “ZVIA” since July 22, 2021.
Biggest changeItem 5. Market for Registrant s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Market Information for Class A Common Stock Our Class A common stock has been listed on the New York Stock Exchange under the symbol “ZVIA” since July 22, 2021.
The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees. As of February 15, 2025, there were 25 holders of record of our Class B common stock.
The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees. As of February 20, 2026, there were 20 holders of record of our Class B common stock.
Prior to that date, there was no public trading market for our Class A common stock. Our Class B common stock is neither listed nor traded. Holders of Record As of February 15, 2025, there were 15 holders of record of our Class A common stock.
Prior to that date, there was no public trading market for our Class A common stock. Our Class B common stock is neither listed nor traded. Holders of Record As of February 20, 2026, there were 9 holders of record of our Class A common stock.

Other ZVIA 10-K year-over-year comparisons