Burth Jonathan 4

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.