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

Role
Chief Marketing Officer
Signature
By: Yolanda Goettsch, Attorney-in-Fact For: Jane Prior
Issuer symbol
COCO
Transactions as of
29 Nov 2022
Net transactions value
-$12,971
Form type
4
Filing time
01 Dec 2022, 15:59:30 UTC
Previous filing
19 Aug 2022
Next filing
14 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COCO Common Stock Sale $12,971 -1,149 -0.97% $11.29 117,184 29 Nov 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) 129,675 29 Nov 2022 Common Stock 129,675 $10.18 Direct F3
holding COCO Non-Qualified Stock Option (right to buy) 113,750 29 Nov 2022 Common Stock 113,750 $10.18 Direct F4
holding COCO Non-Qualified Stock Option (right to buy) 27,300 29 Nov 2022 Common Stock 27,300 $10.18 Direct F5
holding COCO Non-Qualified Stock Option (right to buy) 45,605 29 Nov 2022 Common Stock 45,605 $15.00 Direct F6
holding COCO Non-Qualified Stock Option (right to buy) 42,980 29 Nov 2022 Common Stock 42,980 $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) 65,778 restricted stock units, of which 934 are vested and (ii) 51,406 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 8,333 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 56,875 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.