Jonathan Burth - Nov 29, 2022 Form 4 Insider Report for Vita Coco Company, Inc. (COCO)

Role
Chief Operating Officer
Signature
By: Yolanda Goettsch, Attorney-in-Fact For: Jonathan Burth
Stock symbol
COCO
Transactions as of
Nov 29, 2022
Transactions value $
-$18,153
Form type
4
Date filed
12/1/2022, 03:59 PM
Previous filing
Aug 18, 2022
Next filing
Dec 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COCO Common Stock Sale -$18.2K -1.61K -0.86% $11.29 186K Nov 29, 2022 Direct F1, F2

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 Non-Qualified Stock Option (right to buy) 8K Nov 29, 2022 Common Stock 8K $6.42 Direct F3
holding COCO Non-Qualified Stock Option (right to buy) 189K Nov 29, 2022 Common Stock 189K $10.18 Direct F3
holding COCO Non-Qualified Stock Option (right to buy) 205K Nov 29, 2022 Common Stock 205K $10.18 Direct F4
holding COCO Non-Qualified Stock Option (right to buy) 34.1K Nov 29, 2022 Common Stock 34.1K $10.18 Direct F5
holding COCO Non-Qualified Stock Option (right to buy) 58K Nov 29, 2022 Common Stock 58K $15.00 Direct F6
holding COCO Non-Qualified Stock Option (right to buy) 43K Nov 29, 2022 Common Stock 43K $15.36 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported represent shares automatically sold in a non-discretionary transaction to cover taxes and fees in connection with the vesting of restricted stock units previously granted to the reporting person.
F2 These shares consist of (i) 68,653 restricted stock units of which 1,309 are vested and (ii) 117,354 shares of common stock obtained from option exercises. The reporting person initially reported the restricted stock units relating to this vesting in Table II of Form 4. The total reported in Column 5 reflects 11,667 restricted stock units previously reported in Table II minus those shares that were sold as indicated in footnote 1 above.
F3 The stock option is fully vested and currently exercisable.
F4 The stock option is fully vested and currently exercisable with respect to 102,375 underlying shares. The remainder will vest on February 10, 2024.
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 three equal annual installments beginning on August 15, 2025.