Vita Coco (NASDAQ: COCO) COO sells 30k shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vita Coco Company, Inc. Chief Operating Officer Jonathan Burth reported an option-related share sale. He exercised stock options to acquire a total of 30,000 shares of common stock at an exercise price of $10.178 per share, then sold 30,000 shares at $80.00 per share in an open-market transaction.
The filing states that the stock sales were made under a pre-arranged Rule 10b5-1 trading plan. After these transactions, Burth directly holds 57,910 shares of Vita Coco common stock and retains multiple non-qualified stock option awards with various exercise prices and expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares ($2,400,000)
Net Sell
12 txns
Insider
Burth Jonathan
Role
Chief Operating Officer
Sold
30,000 shs ($2.40M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 23,575 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (Right to Buy) | 6,425 | $0.00 | -- |
| Exercise | Common Stock | 23,575 | $10.178 | $240K |
| Exercise | Common Stock | 6,425 | $10.178 | $65K |
| Sale | Common Stock | 30,000 | $80.00 | $2.40M |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 81,485 shares (Direct, null)
Footnotes (1)
- The sales of shares of common stock reported were effected pursuant to a Rule 10b5-1 trading plan. The stock option is fully vested and currently exercisable. The stock option is eligible to vest in four tranches if certain performance conditions for each tranche of the option are met by the target date for the applicable performance condition(s) and expire relative to each tranche if the performance conditions for such tranche are not met by the final target date. The performance conditions were partially met and as a result, the first tranche of the option were timely satisfied, resulting in vesting of the option as to 18,200 shares on February 6, 2024. The performance conditions applicable to the fourth tranche of the option were timely satisfied, resulting in vesting of the option as to 22,750 shares on February 20, 2026. The stock option vests in four equal annual installments beginning on November 27, 2022. The stock option vests in three equal annual installments beginning on August 15, 2025. The stock option is eligible to vest if certain performance conditions are met by the target date for the applicable performance condition(s) and expire if the performance conditions are not met by the final target date. The performance conditions applicable were timely satisfied, resulting in vesting of the option as to 14,025 shares on February 20, 2026. The stock option vests in four equal annual installments beginning on March 10, 2024. The stock option vests in four equal annual installments beginning on March 4, 2025. 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.
Key Figures
Shares sold: 30,000 shares
Sale price: $80.00 per share
Shares acquired via exercise: 30,000 shares
+4 more
7 metrics
Shares sold
30,000 shares
Common stock sale at $80.00 per share on June 11, 2026
Sale price
$80.00 per share
Open-market or private sale of 30,000 common shares
Shares acquired via exercise
30,000 shares
Option exercises coded M at $10.1780 per share
Option exercise price
$10.1780 per share
Non-qualified stock options on common stock exercised
Shares held after
57,910 shares
Direct common stock ownership following transactions
Remaining option block
58,043 underlying shares
Non-qualified stock option at $15.0000, expiring October 21, 2031
Remaining option block
42,980 underlying shares
Non-qualified stock option at $15.3600, expiring August 15, 2032
Key Terms
Rule 10b5-1 trading plan, Non-Qualified Stock Option (Right to Buy), derivative exercise/conversion, performance conditions, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The sales of shares of common stock reported were effected pursuant to a Rule 10b5-1 trading plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Non-Qualified Stock Option (Right to Buy) financial
"security_title": "Non-Qualified Stock Option (Right to Buy)""
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
performance conditions financial
"The stock option is eligible to vest if certain performance conditions are met by the target date"
vests in four equal annual installments financial
"The stock option vests in four equal annual installments beginning on March 10, 2024."
FAQ
What insider transaction did Vita Coco (COCO) report for COO Jonathan Burth?
Jonathan Burth exercised options and sold shares. He exercised stock options to acquire 30,000 Vita Coco common shares at $10.178 per share, then sold 30,000 shares at $80.00 per share in an open-market transaction on June 11, 2026.
What option exercise prices are shown for Vita Coco (COCO) COO Jonathan Burth?
The Form 4 lists several option exercise prices. These include options with exercise prices such as $10.1780, $15.0000, $15.3600, $16.9100, $26.1800, and $33.3600, each tied to non-qualified stock options on Vita Coco common stock.
What vesting conditions apply to some Vita Coco (COCO) stock options held by the COO?
Several options vest over time or on performance. Footnotes describe options vesting in equal annual installments beginning on dates such as November 27, 2022, and others vesting only if specified performance conditions are met by certain target dates, with some tranches already vested.