Coca-Cola EVP Nancy Quan Exercises Options, Sells 50,000 Shares

What Happened

• Nancy Quan, Executive Vice President of The Coca‑Cola Company (KO), exercised options on Aug 19, 2026 and sold shares the same day. The Form 4 shows option exercises covering 100,000 shares in total: 50,000 shares acquired at an exercise price of $50.44 ($2,521,915) and 50,000 shares disposed as a derivative at $0.00 (likely used for tax withholding). Separately, 50,000 shares were sold in the open market at a weighted average price of $90.39, generating proceeds of $4,519,260. This sequence — exercise followed by an immediate sale — is a common, routine transaction to realize option value and cover costs/taxes.

Key Details

• Transaction date: August 19, 2026.
• Exercise: 50,000 shares acquired at $50.44 per share (total $2,521,915).
• Tax/withholding: 50,000 shares disposed at $0.00 (derivative withholding per option terms).
• Sale: 50,000 shares sold in the open market at a weighted average price of $90.39 (proceeds $4,519,260). (Footnote: sale prices ranged $90.37–$90.435; weighted average shown.)
• Option background: Options granted Feb 18, 2021 under The Coca‑Cola Company 2014 Equity Plan; standard vesting applied (footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed Aug 21, 2026 for an Aug 19 transaction — appears timely (Form 4 is typically due within two business days).

Context

• This was effectively a cashless exercise: options were exercised and some shares were sold immediately while another portion was withheld to cover tax obligations. Such transactions are routine for executives exercising vested options and do not, by themselves, indicate a change in company outlook.