LEAHY JOHN D 4

What Happened

John D. Leahy, a director of Vita Coco Company, exercised 27,300 vested stock options and immediately sold the resulting 27,300 shares on March 2, 2026. The exercise reported a cost basis of $277,859 (option exercise at $10.18 per share). The shares were sold in the open market for total proceeds of $1,533,870 at a weighted average price of $56.19 per share, netting roughly $1,256,011 before taxes and fees. This is a sale following an option exercise (a cashless-style transaction), which is typically routine rather than an explicit bullish signal.

Key Details

• Transaction date: March 2, 2026
• Exercise: 27,300 shares at $10.18 (total $277,859) — option fully vested and exercisable (Footnote F2)
• Sale: 27,300 shares sold in open market; weighted average price $56.19; total proceeds $1,533,870 (Footnote F1)
• Sale price range reported: $55.95 to $56.45 (sold in multiple trades; reporting person can provide per‑trade prices on request)
• Derivative notation: the option position was converted/exercised (reported as a derivative disposition at $0.00)
• Shares owned after the transaction: not specified in the provided filing summary
• Filing timeliness: Report period Mar 2, 2026; filing dated Mar 3, 2026 — filed the next day (no late filing flag indicated)

Context

This was an exercise of fully vested options followed by an immediate open‑market sale of the shares (a common cashless exercise pattern). For investors, purchases are generally more informative as buy signals; this transaction primarily converts option value into cash for the insider. The footnotes clarify the sale price range and that the options were exercisable at the time of exercise.