Sadowsky Kenneth 4
4 · Vita Coco Company, Inc. · Filed Jun 2, 2022
Insider Transaction Report
Form 4
Sadowsky Kenneth
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2022-05-31−2,333→ 0 total→ Common Stock (2,333 underlying) - Award
Deferred Restricted Stock Units
2022-06-01+5,757→ 5,757 total→ Common Stock (5,757 underlying) - Exercise/Conversion
Common Stock
2022-05-31+2,333→ 618,383 total
Holdings
- 27,300
Stock Option (Right to Buy)
Exercise: $10.18Exp: 2030-01-02→ Common Stock (27,300 underlying)
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert to common stock on a one-for-one basis.
- [F2]RSUs were granted on October 21, 2021 with a vesting date of the earlier of (i) the day immediately preceding the first Annual Meeting after the grant date or (ii) on October 21, 2022 provided that the Reporting Person remains in continuous service on the applicable vesting date.
- [F3]Each deferred RSU represents the right to receive one share of common stock of the company. The deferred RSUs granted under the company's 2021 Incentive Award Plan vest in full on the earlier of (i) the day immediately preceding the first Annual Meeting after the grant date or (ii) the first anniversary of the grant date provided that the Reporting Person remains in continuous service on the applicable vesting date, and will settle on June 1, 2027.
- [F4]The stock option vests in three equal annual installments beginning on January 2, 2021.