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Vita Coco Company, Inc.·4

May 13, 4:41 PM ET

Burth Jonathan 4

4 · Vita Coco Company, Inc. · Filed May 13, 2026

Research Summary

AI-generated summary of this filing

Updated

Vita Coco (COCO) COO Jonathan Burth Exercises Options, Sells 30,000 Shares

What Happened

  • Jonathan Burth, Chief Operating Officer of Vita Coco Company, exercised 30,000 option-derived shares at $10.18 per share (total exercise cost $305,340) and sold 30,000 shares in an open-market transaction at $75.00 per share, generating $2,250,000 in gross proceeds. The filing also records a related derivative disposition at $0.00, reflecting the conversion/cancellation of the option upon exercise.

Key Details

  • Transaction dates: All activity reported for 2026-05-12; Form 4 filed 2026-05-13 (appears timely).
  • Exercise: 30,000 shares acquired @ $10.18 (total $305,340).
  • Sale: 30,000 shares sold @ $75.00 (total proceeds $2,250,000).
  • Derivative entry: 30,000 shares reported disposed at $0.00 — reflects conversion/cancellation of the option on exercise.
  • Shares owned after transaction: Not specified in the provided excerpt of the filing.
  • Notable footnotes: F1 indicates the sale was effected pursuant to a Rule 10b5-1 trading plan; F2–F9 describe vesting and performance conditions for the options (some tranches previously vested, with certain vesting events noted in Feb 2024 and Feb 2026).

Context

  • Because the options were exercised and the same number of shares were sold the same day, this effectively resembles a cashless exercise where the newly acquired shares were immediately sold. The sale was conducted under a 10b5‑1 plan, which is a pre-arranged trading plan often used to avoid timing concerns.

Insider Transaction Report

Form 4
Period: 2026-05-12
Vita Coco Company, Inc.COCO
Burth Jonathan
Chief Operating Officer
Transactions
  • Exercise/Conversion

    Common Stock

    2026-05-12$10.18/sh+30,000$305,340→ 87,910 total
  • Sale

    Common Stock

    [F1]
    2026-05-12$75.00/sh−30,000$2,250,000→ 57,910 total
  • Exercise/Conversion

    Non-Qualified Stock Option (Right to Buy)

    [F2]
    2026-05-12−30,000→ 23,575 total
    Exercise: $10.18Exp: 2030-02-10→ Common Stock (30,000 underlying)
Holdings

  • Non-Qualified Stock Option (Right to Buy)

    [F3]
    Exercise: $10.18Exp: 2030-02-10→ Common Stock (40,950 underlying)
    40,950

  • Non-Qualified Stock Option (Right to Buy)

    [F2]
    Exercise: $10.18Exp: 2031-01-11→ Common Stock (34,125 underlying)
    34,125

  • Non-Qualified Stock Option (Right to Buy)

    [F4]
    Exercise: $15.00Exp: 2031-10-21→ Common Stock (58,043 underlying)
    58,043

  • Non-Qualified Stock Option (Right to Buy)

    [F5]
    Exercise: $15.36Exp: 2032-08-15→ Common Stock (42,980 underlying)
    42,980

  • Non-Qualified Stock Option (Right to Buy)

    [F6]
    Exercise: $16.91Exp: 2033-03-10→ Common Stock (14,025 underlying)
    14,025

  • Non-Qualified Stock Option (Right to Buy)

    [F7]
    Exercise: $16.91Exp: 2033-03-10→ Common Stock (14,205 underlying)
    14,205

  • Non-Qualified Stock Option (Right to Buy)

    [F8]
    Exercise: $26.18Exp: 2034-03-04→ Common Stock (8,746 underlying)
    8,746

  • Non-Qualified Stock Option (Right to Buy)

    [F9]
    Exercise: $33.36Exp: 2035-03-04→ Common Stock (13,218 underlying)
    13,218
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.
Signature
/s/ Alison Klein, attorney-in-fact for Jonathan Burth|2026-05-13

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT