Martin Roper - Jul 31, 2023 Form 4 Insider Report for Vita Coco Company, Inc. (COCO)

Role
Chief Executive Officer, Director
Signature
By: Yolanda Goettsch, Attorney-in-Fact For: Martin Roper
Stock symbol
COCO
Transactions as of
Jul 31, 2023
Transactions value $
$0
Form type
4
Date filed
8/2/2023, 04:06 PM
Previous filing
Jun 2, 2023
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding COCO Common Stock 435K Jul 31, 2023 Direct
holding COCO Common Stock 435K Jul 31, 2023 By Chris Roper FT F1
holding COCO Common Stock 435K Jul 31, 2023 By Peter Roper FT F2
holding COCO Common Stock 100K Jul 31, 2023 By Spouse
holding COCO Common Stock 435K Jul 31, 2023 By Thomas Roper FT F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction COCO Non-Qualified Stock Option (right to buy) Award $0 +580K $0.00 580K Jul 31, 2023 Common Stock 580K $10.18 Direct F4
holding COCO Non-Qualified Stock Option (right to buy) 41K Jul 31, 2023 Common Stock 41K $10.18 Direct F5
holding COCO Non-Qualified Stock Option (right to buy) 299K Jul 31, 2023 Common Stock 299K $15.00 Direct F6
holding COCO Non-Qualified Stock Option (right to buy) 46.9K Jul 31, 2023 Common Stock 46.9K $16.91 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held by the Christopher G. Roper Exempt Family Trust.
F2 These shares are held by the Peter S. Roper Exempt Family Trust.
F3 These shares are held by the Thomas L. Roper Exempt Family Trust.
F4 The stock option vests upon certain events, including (i) an initial public offering and (ii) (a) if the equity value of the Issuer (defined as enterprise value less net debt) is equal to or greater than $1 billion USD at the time of the initial public offering, or (b) the total market cap of the Issuer (defined as total Issuer shares outstanding multiplied by trading price) is equal to or greater than $1 billion USD for a period of at least ninety consecutive trading days post-initial public offering. On July 31, 2023, the performance criteria were met, resulting in vesting of the option in full.
F5 The stock option vests in two equal installments on January 11, 2023 and January 11, 2025.
F6 The stock option vests in four equal annual installments beginning on November 27, 2022.
F7 The stock option vests in four equal annual installments beginning on March 10, 2023.