Kenneth Sadowsky - May 31, 2022 Form 4 Insider Report for Vita Coco Company, Inc. (COCO)

Role
Director
Signature
/s/ Yolanda Goettsch, Attorney-in-Fact for Kenneth Sadowsky
Stock symbol
COCO
Transactions as of
May 31, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 08:27 PM
Previous filing
Mar 16, 2022
Next filing
Nov 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COCO Common Stock Options Exercise $0 +2.33K +0.38% $0.00 618K May 31, 2022 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 Restricted Stock Units Options Exercise $0 -2.33K -100% $0.00* 0 May 31, 2022 Common Stock 2.33K Direct F1, F2
transaction COCO Deferred Restricted Stock Units Award $0 +5.76K $0.00 5.76K Jun 1, 2022 Common Stock 5.76K Direct F3
holding COCO Stock Option (Right to Buy) 27.3K May 31, 2022 Common Stock 27.3K $10.18 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert to common stock on a one-for-one basis.
F2 RSUs were granted on October 21, 2021 with a vesting date of the earlier of (i) the day immediately preceding the first Annual Meeting after the grant date or (ii) on October 21, 2022 provided that the Reporting Person remains in continuous service on the applicable vesting date.
F3 Each deferred RSU represents the right to receive one share of common stock of the company. The deferred RSUs granted under the company's 2021 Incentive Award Plan vest in full on the earlier of (i) the day immediately preceding the first Annual Meeting after the grant date or (ii) the first anniversary of the grant date provided that the Reporting Person remains in continuous service on the applicable vesting date, and will settle on June 1, 2027.
F4 The stock option vests in three equal annual installments beginning on January 2, 2021.