Vita Coco COO Jonathan Burth Withholds 10,801 Shares for Taxes

What Happened
Jonathan Burth, Chief Operating Officer of Vita Coco Company, had 10,801 shares withheld by the company on August 15, 2026 to satisfy tax withholding obligations arising from the vesting/settlement of restricted stock units (RSUs). The withheld shares were valued at $65.21 per share, for a total disposition value of $704,333. This was a tax-withholding disposition (code F), not an open-market sale or discretionary transaction.

Key Details

• Transaction date: 2026-08-15; Filed with SEC: 2026-08-19.
• Shares withheld: 10,801 at $65.21 each; total = $704,333.
• Transaction code: F (shares withheld to cover tax withholding on RSU vesting).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote F1: The share disposition was mandated by the issuer to cover tax withholding and was not discretionary by the reporting person.
• Additional footnotes (F2–F9) in the filing describe various stock option/RSU vesting schedules and performance-based vesting tranches previously granted to the reporting person (e.g., certain tranches vested on Feb 6, 2024 and Feb 20, 2026).

Context

• This transaction is a routine, non-discretionary tax withholding related to equity compensation (a cashless settlement of RSUs), and does not indicate an independent decision to sell shares on the market.
• For retail investors, purchases and open-market purchases by insiders are generally more informative about sentiment than mandatory withholdings; mandatory withholdings are common when equity awards vest.