van Es Charles 4

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.