Melloul Eric 4
4 · Vita Coco Company, Inc. · Filed Oct 25, 2021
Insider Transaction Report
Form 4
Melloul Eric
Director
Transactions
- Sale
Common Stock
2021-10-25$15.00/sh−3,240,000$48,600,000→ 20,797,658 total(indirect: By Verlinvest Beverages SA) - Award
Restricted Stock Units
2021-10-21+2,333→ 2,333 total→ Common Stock (2,333 underlying)
Footnotes (2)
- [F1]The Reporting Person is a member of the board of directors of Verlinvest Beverages SA and therefore may be deemed to have shared voting power with respect to the shares of common stock held of record by Verlinvest Beverages SA. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
- [F2]The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs will vest in full the earlier of (i) the day immediately preceding the first Annual Meeting after the grant date or (ii) on October 21, 2022 provided that the Reporting Person remains in continuous service on the applicable vesting date. Unless otherwise provided, on the applicable vesting date shares of Common Stock will automatically be sold to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction.