Martin Roper - Mar 16, 2022 Form 4 Insider Report for Vita Coco Company, Inc. (COCO)

Role
Co-CEO, Director
Signature
/s/ Yolanda Goettch, Attorney- in-Fact for Martin Roper
Stock symbol
COCO
Transactions as of
Mar 16, 2022
Transactions value $
$875,250
Form type
4
Date filed
3/18/2022, 05:23 PM
Previous filing
Mar 2, 2022
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COCO Common Stock Purchase $423K +50K $8.45 50K Mar 16, 2022 By Spouse F1
transaction COCO Common Stock Purchase $226K +25K +50% $9.05 75K Mar 17, 2022 By Spouse F2
transaction COCO Common Stock Purchase $227K +25K +33.33% $9.06 100K Mar 18, 2022 By Spouse F3
holding COCO Common Stock 435K Mar 16, 2022 Direct
holding COCO Common Stock 435K Mar 16, 2022 By Christopher G. Roper Exempt Family Trust
holding COCO Common Stock 435K Mar 16, 2022 By Peter S. Roper Exempt Family Trust
holding COCO Common Stock 435K Mar 16, 2022 By Thomas L. Roper Exempt Family Trust

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
holding COCO Stock Option (Right to Buy) 41K Mar 16, 2022 Common Stock 41K $10.18 Direct F4
holding COCO Stock Option (Right to Buy) 580K Mar 16, 2022 Common Stock 580K $10.18 Direct F5
holding COCO Stock Option (Right to Buy) 299K Mar 16, 2022 Common Stock 299K $15.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.28 to $8.81, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.78 to $9.25, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.92 to $9.20, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F4 The stock option vests in two equal installments on January 11, 2023 and January 11, 2025.
F5 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 days post-initial public offering.
F6 The stock option vests in four equal annual installments beginning on November 27, 2022.