Martin F. Roper - Dec 14, 2023 Form 4 Insider Report for Vita Coco Company, Inc. (COCO)

Role
Chief Executive Officer, Director
Signature
By: Yolanda Goettsch, Attorney-in-Fact For: Martin Roper
Stock symbol
COCO
Transactions as of
Dec 14, 2023
Transactions value $
$0
Form type
4
Date filed
12/18/2023, 04:49 PM
Previous filing
Dec 4, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COCO Common Stock Gift $0 -18K -18% $0.00 82K Dec 14, 2023 by Spouse F1
holding COCO Common Stock 435K Dec 14, 2023 Direct
holding COCO Common Stock 435K Dec 14, 2023 by Chris Roper FT F2
holding COCO Common Stock 435K Dec 14, 2023 by Peter Roper FT F3
holding COCO Common Stock 435K Dec 14, 2023 by Thomas Roper FT 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) 580K Dec 14, 2023 Common Stock 580K $10.18 Direct F5
holding COCO Non-Qualified Stock Option (right to buy) 41K Dec 14, 2023 Common Stock 41K $10.18 Direct F6
holding COCO Non-Qualified Stock Option (right to buy) 299K Dec 14, 2023 Common Stock 299K $15.00 Direct F7
holding COCO Non-Qualified Stock Option (right to buy) 46.9K Dec 14, 2023 Common Stock 46.9K $16.91 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 14, 2023, the spouse of the reporting person donated 18,000 shares of the Company's common stock to a donor-advised fund for charitable purposes.
F2 These shares are held by the Christopher G. Roper Exempt Family Trust.
F3 These shares are held by the Peter S. Roper Exempt Family Trust.
F4 These shares are held by the Thomas L. Roper Exempt Family Trust.
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. On July 31, 2023, the performance criteria were met, resulting in vesting of the option in full.
F6 The stock option vests in two equal installments on January 11, 2023 and January 11, 2025.
F7 The stock option vests in four equal annual installments beginning on November 27, 2022.
F8 The stock option vests in four equal annual installments beginning on March 10, 2024.