Michael Kirban - 04 Mar 2024 Form 4 Insider Report for Vita Coco Company, Inc. (COCO)

Role
Executive Chairman, Director
Signature
By: Yolanda Goettsch, Attorney-in-Fact For: Michael Kirban
Issuer symbol
COCO
Transactions as of
04 Mar 2024
Net transactions value
$0
Form type
4
Filing time
06 Mar 2024, 19:38:48 UTC
Previous filing
20 Dec 2023
Next filing
21 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COCO Common Stock Award $0 +42,017 +69% $0.000000 103,324 04 Mar 2024 Direct F1
holding COCO Common Stock 2,026,229 04 Mar 2024 by M. Kirban 2010 F2
holding COCO Common Stock 675,681 04 Mar 2024 by M. Kirban Revoc F3

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 +62,743 $0.000000 62,743 04 Mar 2024 Common Stock 62,743 $26.18 Direct F4
holding COCO Non-Qualified Stock Option (right to buy) 546,000 04 Mar 2024 Common Stock 546,000 $10.18 Direct F5
holding COCO Non-Qualified Stock Option (right to buy) 40,950 04 Mar 2024 Common Stock 40,950 $10.18 Direct F6
holding COCO Non-Qualified Stock Option (right to buy) 298,507 04 Mar 2024 Common Stock 298,507 $15.00 Direct F7
holding COCO Non-Qualified Stock Option (right to buy) 46,875 04 Mar 2024 Common Stock 46,875 $16.91 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units that will vest in four annual equal installments on each anniversary of the grant date provided that the Reporting Person remains in continuous service on each vesting date. Unless otherwise provided, on each vesting date shares of Common Stock will automatically be sold to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction.
F2 These shares are held by the Michael Kirban 2010 Trust.
F3 These shares are held by the Michael Kirban Revocable Trust.
F4 The Reporting Person was granted stock options that will vest in four annual equal installments on each anniversary of the grant date provided that the Reporting Person remains in continuous service on each vesting date.
F5 The stock option is fully vested and currently exercisable.
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.