van Es Charles 4

4 · Vita Coco Company, Inc. · Filed Mar 9, 2026

AI-generated summary of this filing

Updated Mar 9, 2026

Vita Coco (COCO) CCO Charles van Es Receives Award, Withholds Shares

What Happened

Charles van Es, Chief Commercial Officer of Vita Coco (COCO), acquired 14,025 shares on Feb 20, 2026 due to the vesting/settlement of a performance-based option award (derivative) valued at $16.91 per share (total ~$237,163).
On Mar 5, 2026 a total of 2,163 shares were withheld to cover tax withholding obligations (1,458 shares and 705 shares) at $55.17 per share, generating proceeds of $80,445 and $38,898 respectively (total ~$119,343). These withholdings were mandated by the company and are not discretionary sales by the insider.

Key Details

Acquisition (vesting/settlement): 14,025 shares @ $16.91 = $237,163 (recorded Feb 20, 2026). Footnote: performance conditions were satisfied, causing vesting.
Tax withholding (dispositions): 1,458 shares @ $55.17 = $80,445 and 705 shares @ $55.17 = $38,898 (both on Mar 5, 2026); these are company-mandated withholdings to cover taxes.
Net shares retained after withholding: 14,025 − 2,163 = 11,862 shares (based on the reported transactions).
Filing: Form 4 was filed Mar 9, 2026. The Feb 20 vesting/award was reported after the two-business-day reporting window (late); the Mar 5 withholding transactions were reported on Mar 9 (timely for those dates).
Footnotes: F1 = shares withheld to cover tax withholding (mandated); F2 = performance conditions were met, triggering vesting.

Context

This was not an open-market sale: the 14,025 shares resulted from vesting/exercise of a performance-based award and the 2,163-share disposition was a withholding for taxes (a common administrative action). Such withholdings are routine and do not necessarily indicate negative sentiment.
For retail investors, acquisitions via option vesting can signal management compensation realization but do not by themselves indicate a change in insider conviction.

Form 4

Period: 2026-02-20

Chief Commercial Officer

Transactions

Tax Payment
Common Stock
[F1]
2026-03-05$55.17/sh−1,458$80,445→ 83,214 total
Tax Payment
Common Stock
[F1]
2026-03-05$55.17/sh−705$38,898→ 82,509 total
Award
Non-Qualified Stock Option (Right to Buy)
[F2]
2026-02-20$16.91/sh+14,025$237,163→ 14,025 total
Exercise: $16.91Exp: 2033-03-10→ Common Stock (14,025 underlying)

Holdings

Non-Qualified Stock Option (Right to Buy)
[F3]
Exercise: $10.18Exp: 2030-02-10→ Common Stock (53,750 underlying)
53,750
Non-Qualified Stock Option (Right to Buy)
[F3]
Exercise: $10.18Exp: 2031-01-11→ Common Stock (27,300 underlying)
27,300
Non-Qualified Stock Option (Right to Buy)
[F4]
Exercise: $15.00Exp: 2031-10-21→ Common Stock (58,043 underlying)
58,043
Non-Qualified Stock Option (Right to Buy)
[F5]
Exercise: $15.36Exp: 2032-08-15→ Common Stock (42,980 underlying)
42,980
Non-Qualified Stock Option (Right to Buy)
[F6]
Exercise: $16.91Exp: 2033-03-10→ Common Stock (14,205 underlying)
14,205
Non-Qualified Stock Option (Right to Buy)
[F7]
Exercise: $26.18Exp: 2034-03-04→ Common Stock (8,746 underlying)
8,746
Non-Qualified Stock Option (Right to Buy)
[F8]
Exercise: $33.36Exp: 2035-03-04→ Common Stock (13,218 underlying)
13,218

Footnotes (8)

[F1]The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
[F2]The stock option is eligible to vest if certain performance conditions are met by the target date for the applicable performance condition(s) and expire if the performance conditions are not met by the final target date. The performance conditions applicable were timely satisfied, resulting in vesting of the option as to 14,025 shares on February 20, 2026.
[F3]The stock option is fully vested and currently exercisable.
[F4]The stock option vests in four equal annual installments beginning on November 27, 2022.
[F5]The stock option vests in three equal annual installments beginning on August 15, 2025.
[F6]The stock options vest in four annual equal installments beginning on March 10, 2024.
[F7]The stock option vests in four equal annual installments beginning on March 4, 2025.
[F8]The Reporting Person was granted stock options that will vest in four annual equal installments on each anniversary of the grant date provided that the Reporting Person remains in continuous service on each vesting date.

Signature

/s/ Alison Klein, attorney-in-fact for Charles van Es|2026-03-09

1 file