Jonathan Burth - Feb 6, 2024 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
Feb 6, 2024
Transactions value $
$0
Form type
4
Date filed
2/8/2024, 05:45 PM
Previous filing
Dec 1, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding COCO Common Stock 172K Feb 6, 2024 Direct

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) Award $0 +18.2K +8.89% $0.00 223K Feb 6, 2024 Common Stock 18.2K $10.18 Direct F1, F2
holding COCO Non-Qualified Stock Option (right to buy) 109K Feb 6, 2024 Common Stock 109K $10.18 Direct F3
holding COCO Non-Qualified Stock Option (right to buy) 34.1K Feb 6, 2024 Common Stock 34.1K $10.18 Direct F4
holding COCO Non-Qualified Stock Option (right to buy) 58K Feb 6, 2024 Common Stock 58K $15.00 Direct F5
holding COCO Non-Qualified Stock Option (right to buy) 43K Feb 6, 2024 Common Stock 43K $15.36 Direct F6
holding COCO Non-Qualified Stock Option (right to buy) 14.2K Feb 6, 2024 Common Stock 14.2K $16.91 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option is eligible to vest in four tranches if certain performance conditions for each tranche of the option are met by the target date for the applicable performance condition(s) and expire relative to each tranche if the performance conditions for such tranche are not met by the final target date. The performance conditions applicable to the first tranche of the option were timely satisfied, resulting in vesting of the option as to 18,200 shares on February 6, 2024.
F2 This holding includes a stock option for 204,750 underlying shares that is currently exercisable with respect to 102,375 shares with the remainder scheduled to vest on February 10, 2024.
F3 The stock option is fully vested and currently exercisable.
F4 The stock option vests in two equal installments on January 11, 2023 and January 11, 2025.
F5 The stock option vests in four equal annual installments beginning on November 27, 2022.
F6 The stock option vests in three equal annual installments beginning on August 15, 2025.
F7 The stock option vests in four equal annual installments beginning on March 10, 2024.