Jonathan Burth - Dec 14, 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
Dec 14, 2022
Transactions value $
-$50,351
Form type
4
Date filed
12/15/2022, 03:45 PM
Previous filing
Dec 1, 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 Options Exercise $51.3K +8K +4.3% $6.42* 194K Dec 14, 2022 Direct
transaction COCO Common Stock Sale -$102K -8K -4.12% $12.71 186K Dec 14, 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
transaction COCO Non-Qualified Stock Option (right to buy) Options Exercise $0 -8K -100% $0.00* 0 Dec 14, 2022 Common Stock 8K $6.42 Direct F3
holding COCO Non-Qualified Stock Option (right to buy) 189K Dec 14, 2022 Common Stock 189K $10.18 Direct F3
holding COCO Non-Qualified Stock Option (right to buy) 205K Dec 14, 2022 Common Stock 205K $10.18 Direct F4
holding COCO Non-Qualified Stock Option (right to buy) 34.1K Dec 14, 2022 Common Stock 34.1K $10.18 Direct F5
holding COCO Non-Qualified Stock Option (right to buy) 58K Dec 14, 2022 Common Stock 58K $15.00 Direct F6
holding COCO Non-Qualified Stock Option (right to buy) 43K Dec 14, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.66 to $12.81, 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 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.
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.