MANN JENNIFER K 4
4 · COCA COLA CO · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Coca‑Cola (KO) EVP Jennifer K. Mann Exercises Options and Sells Shares
What Happened
Jennifer K. Mann, Executive Vice President of The Coca‑Cola Company, exercised a total of 100,000 stock option shares on June 8, 2026 and sold those same 100,000 shares in the open market the same day. Details:
- Exercised 51,606 options at $59.48 per share for $3,069,783 (grant per footnote F5).
- Exercised 48,394 options at $50.44 per share for $2,440,911 (grant per footnote F6).
- Sold 51,606 shares at a weighted average price of $79.46 for $4,100,458 (sale prices ranged $79.15–$79.88; see F2).
- Sold 48,394 shares at a weighted average price of $79.46 for $3,845,174 (sale prices ranged $79.11–$79.91; see F3). Combined exercise cost = $5,510,694; combined gross sale proceeds = $7,945,632.
Key Details
- Transaction date: June 8, 2026; Form 4 filed June 10, 2026 (timely filing).
- Transaction codes: M = exercised/conversion of derivative; S = open market sale.
- Sales conducted pursuant to a Rule 10b5‑1 trading plan established March 6, 2026 (F1).
- Option grants: Feb 20, 2020 and Feb 18, 2021 under the 2014 Equity Plan (F5, F6).
- The Form shows $0.00 entries for the derivative disposals — a reporting convention reflecting cancellation/settlement of the options on exercise.
- Shares owned after the transactions are reported as of June 8, 2026 in the full Form 4 (F9); the total holding count is not included in this excerpt.
- Footnote F4 references shares credited under the company 401(k) plan; F7–F8 concern hypothetical share treatment.
Context
This was effectively a cashless exercise: Ms. Mann exercised vested options and appears to have immediately sold the resulting shares in the open market. The sales were pre‑arranged under a 10b5‑1 plan, which means they were executed according to a pre‑set schedule rather than ad hoc trades. Such sales are common for executives to cover exercise costs and taxes; they are factual transactions and do not by themselves signal management’s ongoing view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $.25 Par Value
2026-06-08$59.48/sh+51,606$3,069,783→ 259,006 total - Sale
Common Stock, $.25 Par Value
[F1][F2]2026-06-08$79.46/sh−51,606$4,100,458→ 207,400 total - Exercise/Conversion
Common Stock, $.25 Par Value
2026-06-08$50.44/sh+48,394$2,440,911→ 255,794 total - Sale
Common Stock, $.25 Par Value
[F1][F3]2026-06-08$79.46/sh−48,394$3,845,174→ 207,400 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F5]2026-06-08−51,606→ 0 totalExercise: $59.48Exp: 2030-02-20→ Common Stock, $.25 Par Value (51,606 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F6]2026-06-08−48,394→ 18,830 totalExercise: $50.44Exp: 2031-02-18→ Common Stock, $.25 Par Value (48,394 underlying)
- 8,309(indirect: By 401(k))
Common Stock, $.25 Par Value
[F4] - 9,323(indirect: By 401(k))
Hypothetical Shares
[F7][F8][F9]→ Common Stock, $.25 Par Value (9,323 underlying)
Footnotes (9)
- [F1]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on March 6, 2026.
- [F2]The price is the weighted average sale price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $79.15 to $79.88. The reporting person undertakes to provide to 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.
- [F3]The price is the weighted average sale price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $79.11 to $79.91. The reporting person undertakes to provide to 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.
- [F4]Shares credited to the reporting person's account under The Coca-Cola Company 401(k) Plan, as of June 8, 2026.
- [F5]Options (with tax withholding right) granted on February 20, 2020 under The Coca-Cola Company 2014 Equity Plan. One-fourth of grant became exercisable on each of the first, second, third and fourth anniversaries of the grant date.
- [F6]Options (with tax withholding right) granted on February 18, 2021 under The Coca-Cola Company 2014 Equity Plan. One-fourth of grant became exercisable on each of the first, second, third and fourth anniversaries of the grant date.
- [F7]Each hypothetical share is equal to one share of common stock of The Coca-Cola Company.
- [F8]There is no data applicable with respect to the hypothetical shares.
- [F9]As of June 8, 2026.