Jonathan Burth - Nov 4, 2024 Form 4 Insider Report for Vita Coco Company, Inc. (COCO)

Signature
By: Alison Klein, Attorney-in-Fact For: Jonathan Burth
Stock symbol
COCO
Transactions as of
Nov 4, 2024
Transactions value $
-$496,440
Form type
4
Date filed
11/6/2024, 04:15 PM
Previous filing
Oct 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COCO Common Stock Options Exercise $204K +20K +17.12% $10.18 137K Nov 4, 2024 Direct
transaction COCO Common Stock Sale -$700K -20K -14.61% $35.00 117K Nov 4, 2024 Direct F1

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 -20K -18.38% $0.00 88.8K Nov 4, 2024 Common Stock 20K $10.18 Direct F2
holding COCO Non-Qualified Stock Option (right to buy) 223K Nov 4, 2024 Common Stock 223K $10.18 Direct F3
holding COCO Non-Qualified Stock Option (right to buy) 34.1K Nov 4, 2024 Common Stock 34.1K $10.18 Direct F4
holding COCO Non-Qualified Stock Option (right to buy) 58K Nov 4, 2024 Common Stock 58K $15.00 Direct F5
holding COCO Non-Qualified Stock Option (right to buy) 43K Nov 4, 2024 Common Stock 43K $15.36 Direct F6
holding COCO Non-Qualified Stock Option (right to buy) 14.2K Nov 4, 2024 Common Stock 14.2K $16.91 Direct F7
holding COCO Non-Qualified Stock Option (right to buy) 8.75K Nov 4, 2024 Common Stock 8.75K $26.18 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales of shares of common stock reported were effected pursuant to a Rule 10b5-1 trading plan.
F2 The stock option is fully vested and currently exercisable.
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.
F8 The stock option vests in four equal annual installments beginning on March 4, 2025.