Charles van Es - Nov 29, 2022 Form 4 Insider Report for Vita Coco Company, Inc. (COCO)

Signature
By: Yolanda Goettsch, Attorney-in-Fact For: Charles Van Es
Stock symbol
COCO
Transactions as of
Nov 29, 2022
Transactions value $
-$114,191
Form type
4
Date filed
12/1/2022, 04:00 PM
Previous filing
Aug 17, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COCO Common Stock Sale -$43.6K -3.86K -3.98% $11.29 93.1K Nov 29, 2022 Direct F1
transaction COCO Common Stock Sale -$70.6K -5.72K -6.15% $12.34 87.3K Dec 1, 2022 Direct F2, F3, F4

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) 130K Nov 29, 2022 Common Stock 130K $10.18 Direct F5
holding COCO Non-Qualified Stock Option (right to buy) 114K Nov 29, 2022 Common Stock 114K $10.18 Direct F6
holding COCO Non-Qualified Stock Option (right to buy) 27.3K Nov 29, 2022 Common Stock 27.3K $10.18 Direct F7
holding COCO Non-Qualified Stock Option (right to buy) 58K Nov 29, 2022 Common Stock 58K $15.00 Direct F8
holding COCO Non-Qualified Stock Option (right to buy) 43K Nov 29, 2022 Common Stock 43K $15.36 Direct F9
* 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 The sales of shares of common stock reported were effected pursuant to a Rule 10b5-1 trading plan.
F3 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.12 to $12.42, 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 These shares consist of unvested restricted stock units. 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 38,333 restricted stock units previously reported in Table II minus those shares that were sold as indicated on this Form 4.
F5 The stock option is fully vested and currently exercisable.
F6 The stock option is fully vested and currently exercisable with respect to 56,875 underlying shares. The remainder will vest on February 10, 2024.
F7 The stock option vests in two equal installments on January 11, 2023 and January 11, 2025.
F8 The stock option vests in four equal annual installments beginning on November 27, 2022.
F9 The stock option vests in three equal annual installments beginning on August 15, 2025.