MANN JENNIFER K 4

What Happened

• Jennifer K. Mann, Executive Vice President of The Coca‑Cola Company, exercised stock options to acquire a total of 100,000 shares (80,820 + 19,180) on June 5, 2026 and sold those same shares in open‑market transactions the same day.
• Exercise costs: 80,820 shares at $45.44 = $3,672,057; 19,180 shares at $59.48 = $1,140,922 (total exercise cash outlay $4,812,979).
• Sale proceeds: 80,820 shares sold at a weighted average $79.46 = $6,422,038; 19,180 shares sold at a weighted average $79.46 = $1,524,035 (total proceeds $7,946,073). Net cash realized (proceeds minus exercise cost) ≈ $3.13M.
• These transactions are sales (routine monetization) following option exercises — not an open‑market purchase.

Key Details

• Date of transactions: June 5, 2026.
• Sale price(s): weighted average $79.46; individual sale prices across the transactions ranged roughly $77.62–$80.72 (see filing footnotes for full breakdown).
• Options exercised: grants from Feb 21, 2019 and Feb 20, 2020 (per filing footnotes) with typical multi‑year vesting; exercises were recorded as derivative transactions (code M).
• Some entries show $0.00 dispositions for derivative shares — these typically reflect net share settlement or withholding related to the option exercise/tax obligations.
• The sales were effected under a Rule 10b5‑1 trading plan established March 6, 2026 (footnote F1).
• Filing: Form 4 filed June 9, 2026 for transactions dated June 5, 2026 — filed within the required reporting window (timely).
• Shares owned after the transactions: the excerpt provided does not list a post‑transaction ownership total (footnote references ownership as of June 5, 2026).

Context

• This was effectively a same‑day exercise and sale (a cashless outcome) — common for executives converting option value to cash and/or satisfying tax withholding.
• The presence of a 10b5‑1 plan indicates the sales were pre‑arranged and may have been scheduled in advance, which is relevant for interpreting timing.
• These routine option exercises and sales are transactional and do not by themselves indicate management’s view of the company’s long‑term prospects.