Vita Coco (COCO) director Liran sells 191,926 shares under 10b5-1 plan
Rhea-AI Filing Summary
Vita Coco Company, Inc. director Ira Liran reported selling 191,926 shares of Common Stock in open-market transactions. The shares were sold at a weighted average price of about $79.14 per share under a Rule 10b5-1 trading plan. After these trades, he holds 384,103 shares directly and 476,421 shares indirectly through the Ira Liran 2012 Family Trust and the Ira Liran Revocable Trust.
Positive
- None.
Negative
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Insights
Director executed a sizeable, pre-planned share sale while retaining large holdings.
Vita Coco director Ira Liran reported open-market sales totaling 191,926 Common Stock shares at a weighted average price of $79.14 per share. The transactions were split between direct holdings and indirect holdings via the Ira Liran 2012 Family Trust and the Ira Liran Revocable Trust.
A footnote states the sales were made under a Rule 10b5-1 trading plan, indicating they were pre-arranged rather than opportunistic. Following the transactions, Liran still holds 384,103 shares directly and 476,421 shares indirectly, so the filing shows a notable but not complete reduction of his position disclosed in this report.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 95,768 | $79.14 | $7.58M |
| Sale | Common Stock | 96,158 | $79.14 | $7.61M |
Footnotes (1)
- The sales of shares of common stock reported were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.19 to $80.37, 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 sold at each separate price within the ranges set forth in this footnote. These shares are held by the Ira Liran Revocable Trust The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.35 to $80.37, 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 sold at each separate price within the ranges set forth in this footnote. These shares are held by the Ira Liran 2012 Family Trust.