Burth Jonathan 4
4 · Vita Coco Company, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Vita Coco COO Jonathan Burth Receives Award, Sells Shares for Taxes
What Happened
Jonathan Burth, Chief Operating Officer of Vita Coco Company, had a performance-based option vest as to 14,025 shares on February 20, 2026, resulting in acquisition of those shares at $16.91 each (value ≈ $237,163). To cover tax withholding related to the vesting/settlement, 2,163 shares were disposed on March 5, 2026 (1,458 shares and 705 shares), each at $55.17, producing proceeds of $80,445 and $38,898 respectively (total ≈ $119,343). The disposals were mandatory share-withholdings to satisfy tax obligations and are not discretionary sales.
Key Details
- Acquisition: 14,025 shares (derivative/vesting) on 2026-02-20 at $16.91 per share; reported value ≈ $237,163. (Footnote: vesting resulted from satisfaction of performance conditions.)
- Dispositions (tax withholding): 1,458 shares on 2026-03-05 at $55.17 = $80,445; 705 shares on 2026-03-05 at $55.17 = $38,898; total withheld/sold = 2,163 shares, ≈ $119,343. (Footnote: mandated by issuer to cover tax withholding.)
- Footnotes of note: F1 — withholding mandated by issuer for tax obligations; F2 — vesting due to satisfied performance conditions.
- Shares owned after the transactions are not specified in the provided filing.
- No late filing was indicated in the materials you provided.
Context
This was primarily a vesting/settlement of performance-based equity (a derivative grant) rather than an open-market purchase or a discretionary sale. The withholding/sale of 2,163 shares to cover taxes is a common, routine administrative step after vesting (often described as a cashless exercise or tax-withholding through share disposition) and does not on its own signal insider sentiment.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-05$55.17/sh−1,458$80,445→ 79,433 total - Tax Payment
Common Stock
[F1]2026-03-05$55.17/sh−705$38,898→ 78,728 total - Award
Non-Qualified Stock Option (Right to Buy)
[F2]2026-02-20$16.91/sh+14,025$237,163→ 14,025 totalExercise: $16.91Exp: 2033-03-10→ Common Stock (14,025 underlying)
- 8,825
Non-Qualified Stock Option (Right to Buy)
[F3]Exercise: $10.18Exp: 2029-12-16→ Common Stock (8,825 underlying) - 40,950
Non-Qualified Stock Option (Right to Buy)
[F4]Exercise: $10.18Exp: 2030-02-10→ Common Stock (40,950 underlying) - 164,750
Non-Qualified Stock Option (Right to Buy)
[F3]Exercise: $10.18Exp: 2030-02-10→ Common Stock (164,750 underlying) - 34,125
Non-Qualified Stock Option (Right to Buy)
[F3]Exercise: $10.18Exp: 2031-01-11→ Common Stock (34,125 underlying) - 58,043
Non-Qualified Stock Option (Right to Buy)
[F5]Exercise: $15.00Exp: 2031-10-21→ Common Stock (58,043 underlying) - 42,980
Non-Qualified Stock Option (Right to Buy)
[F6]Exercise: $15.36Exp: 2032-08-15→ Common Stock (42,980 underlying) - 14,205
Non-Qualified Stock Option (Right to Buy)
[F7]Exercise: $16.91Exp: 2033-03-10→ Common Stock (14,205 underlying) - 8,746
Non-Qualified Stock Option (Right to Buy)
[F8]Exercise: $26.18Exp: 2034-03-04→ Common Stock (8,746 underlying) - 13,218
Non-Qualified Stock Option (Right to Buy)
[F9]Exercise: $33.36Exp: 2035-03-04→ Common Stock (13,218 underlying)
Footnotes (9)
- [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 is eligible to vest in four tranches if certain performance conditions for each tranche of the option are met by the target date for the applicable performance condition(s) and expire relative to each tranche if the performance conditions for such tranche are not met by the final target date. The performance conditions were partially met and as a result, the first tranche of the option were timely satisfied, resulting in vesting of the option as to 18,200 shares on February 6, 2024. The performance conditions applicable to the fourth tranche of the option were timely satisfied, resulting in vesting of the option as to 22,750 shares on February 20, 2026.
- [F5]The stock option vests in four equal annual installments beginning on November 27, 2022.
- [F6]The stock option vests in three equal annual installments beginning on August 15, 2025.
- [F7]The stock option vests in four equal annual installments beginning on March 10, 2024.
- [F8]The stock option vests in four equal annual installments beginning on March 4, 2025.
- [F9]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.