CHANG LISA 4

What Happened

• Lisa Chang, Executive Vice President of The Coca‑Cola Company, had 15,920 shares withheld at $80.50 per share (total value $1,281,560) to satisfy tax liabilities upon the vesting of performance share units (PSUs). The transaction is reported as a disposition (transaction code F) rather than an open‑market sale.

Key Details

• Transaction date: 2026-02-27; filing date (Form 4): 2026-03-03 — filing appears timely under the two business‑day rule.
• Shares withheld/disposed: 15,920 at $80.50; proceeds/value reported: $1,281,560.
• Transaction code: F — shares withheld to satisfy tax withholding obligations upon PSU vesting.
• Footnote highlights: PSUs vested were issued Feb 19, 2026 under the 2023–2025 PSU program (F1). Some account details reference the 401(k) plan and holding dates as of Feb 26, 2026 (F2, F5), but the Form 4 does not list a post‑transaction total shareholding.
• Filing timeliness: Not marked late; filed within the allowable reporting window.

Context

• This was a routine tax‑withholding transaction tied to equity compensation vesting (PSUs). Shares withheld to cover taxes are common and do not represent an open‑market sale or a directional trade by the insider. For retail investors, such transactions are administrative and generally less informative about insider sentiment than outright purchases.