Kevin Benmoussa - 22 Aug 2022 Form 4 Insider Report for Vita Coco Company, Inc. (COCO)

Role
Global Chief Financial Officer
Signature
/s/ Yolanda Goettsch, Attorney-in-fact
Issuer symbol
COCO
Transactions as of
22 Aug 2022
Net transactions value
-$80,430
Form type
4
Filing time
24 Aug 2022, 09:21:04 UTC
Previous filing
22 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COCO Common Stock Options Exercise $152,670 +15,000 +148% $10.18 25,150 22 Aug 2022 Direct
transaction COCO Common Stock Sale $233,100 -15,000 -60% $15.54 10,150 22 Aug 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 Stock Option (Right to Buy) Options Exercise $0 -15,000 -86% $0.000000 2,375 22 Aug 2022 Common Stock 15,000 $10.18 Direct F3
holding COCO Stock Option (Right to Buy) 56,875 22 Aug 2022 Common Stock 56,875 $10.18 Direct F4
holding COCO Stock Option (Right to Buy) 27,300 22 Aug 2022 Common Stock 27,300 $10.18 Direct F5
holding COCO Stock Option (Right to Buy) 49,751 22 Aug 2022 Common Stock 49,751 $15.00 Direct F6
* 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 purchased in multiple transactions at prices ranging from $15.41 to $15.74, 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 Includes (i) 10,000 unvested RSUs that vest in four annual installments starting November 27, 2022 provided that the Reporting Person remains in continuous service on each vesting date and (ii) 150 shares of common stock purchased directly from the issuer's underwriters in a Reserved Share Program.
F3 The stock option is fully vested and currently exercisable.
F4 The stock option vests on February 10, 2024.
F5 The stock option vests in two equal biennial installments beginning on January 11, 2023.
F6 The stock option vests in four equal annual installments beginning on November 27, 2022.