Burth Jonathan 4
4 · Vita Coco Company, Inc. · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Vita Coco (COCO) COO Jonathan Burth Exercises Options & Sells Shares
What Happened
Jonathan Burth, Chief Operating Officer of Vita Coco Company, exercised stock options and sold company shares on May 8, 2026. The filing shows an exercise (derivative conversion) of 20,000 shares at $10.18 per share (cost ≈ $203,560) and an open-market sale of 20,000 shares at $70.00 per share for proceeds of $1,400,000. The filing also reports a 20,000-share derivative disposition at $0 (no cash proceeds), which typically reflects shares surrendered/withheld in connection with the option transaction (e.g., to cover taxes or as part of a cashless exercise).
Key Details
- Transaction date: May 8, 2026.
- Exercise: 20,000 shares at $10.18 (total cost ≈ $203,560).
- Sale: 20,000 shares at $70.00 (total proceeds $1,400,000).
- Derivative disposition: 20,000 shares reported disposed at $0 (likely withheld/surrendered shares related to the exercise).
- Footnotes: Sale was effected pursuant to a Rule 10b5-1 trading plan (F1). Filing notes that certain options were vested/exercisable and some vesting was performance-based (see F2, F3, F6).
- Shares owned after the transaction: not specified in the excerpt of the filing.
- Filing: Form 4 filed May 11, 2026 (reporting the May 8 transactions).
Context
This was an options exercise combined with an immediate or near-immediate sale of shares. The presence of a 10b5-1 plan and the zero-dollar derivative disposition indicate this was a pre-arranged, routine liquidity event rather than an ad hoc trade; the zero-dollar line typically represents shares withheld or surrendered to satisfy option exercise costs/taxes. Purchases (buys) are generally more informative about insider confidence; this filing documents an insider exercising options and converting some of that equity into cash.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-08$10.18/sh+20,000$203,560→ 77,910 total - Sale
Common Stock
[F1]2026-05-08$70.00/sh−20,000$1,400,000→ 57,910 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
[F2]2026-05-08−20,000→ 53,575 totalExercise: $10.18Exp: 2030-02-10→ Common Stock (20,000 underlying)
- 40,950
Non-Qualified Stock Option (Right to Buy)
[F3]Exercise: $10.18Exp: 2030-02-10→ Common Stock (40,950 underlying) - 34,125
Non-Qualified Stock Option (Right to Buy)
[F2]Exercise: $10.18Exp: 2031-01-11→ Common Stock (34,125 underlying) - 58,043
Non-Qualified Stock Option (Right to Buy)
[F4]Exercise: $15.00Exp: 2031-10-21→ Common Stock (58,043 underlying) - 42,980
Non-Qualified Stock Option (Right to Buy)
[F5]Exercise: $15.36Exp: 2032-08-15→ Common Stock (42,980 underlying) - 14,025
Non-Qualified Stock Option (Right to Buy)
[F6]Exercise: $16.91Exp: 2033-03-10→ Common Stock (14,025 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 sales of shares of common stock reported were effected pursuant to a Rule 10b5-1 trading plan.
- [F2]The stock option is fully vested and currently exercisable.
- [F3]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.
- [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 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.
- [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.