Kirban Michael 4

What Happened Michael Kirban, Executive Chairman and a director of Vita Coco (COCO), had 5,810 shares withheld on March 5, 2026 to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs). The shares were withheld at $55.17 each for a total of $320,567. This disposition was a mandatory tax-withholding action (transaction code F), not an open-market sale or discretionary trade.

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-09 (timely under Form 4 rules).
• Shares withheld/disposed: 5,810 at $55.17 each; total value $320,567.
• Transaction code: F — shares withheld to cover tax withholding on RSU vesting. The filing notes the disposition was mandated by the issuer and not discretionary.
• Post-transaction ownership: not disclosed in this Form 4.
• Footnotes: withheld shares relate to RSU settlement (F1); some shares held in the Michael Kirban 2010 Trust and Michael Kirban Revocable Trust (F2, F3). Additional footnotes list various option vesting schedules (F4–F8) for other equity awards.

Context This was a routine, non-discretionary withholding to cover taxes when RSUs vested (often called a net share settlement), not an open-market sale that would necessarily indicate insider sentiment. For retail investors, tax-withholding dispositions are common and typically reflect compensation settlement mechanics rather than trading decisions.