[Form 4] The Vita Coco Company, Inc. Insider Trading Activity
Rhea-AI Filing Summary
The filing reports insider sales by Corey Baker, Chief Financial Officer of Vita Coco Company, Inc. (COCO). Mr. Baker sold 1,000 shares on 09/09/2025 at $38.40 and 1,000 shares on 09/10/2025 at $38.16 under a Rule 10b5-1 trading plan, reducing his direct common stock holdings from 41,754 to 39,754 shares. The Form 4 also discloses outstanding non-qualified stock options exercisable into a total of 61,197 shares across five option grants with exercise prices ranging from $16.91 to $33.36 and various vesting schedules.
Positive
- Sales were conducted under a Rule 10b5-1 trading plan, indicating pre-planned, compliant dispositions
- Reporting person retains significant equity and option positions: 39,754 shares directly and 61,197 shares underlying options
Negative
- CFO sold 2,000 shares over two days, which reduces direct ownership from 41,754 to 39,754 shares
- Some option exercise prices (e.g., $33.36) are close to reported sale prices, potentially limiting near-term upside for those grants
Insights
TL;DR CFO executed planned sales under a 10b5-1 program and retains substantial equity plus vested and unvested options.
The 2,000-share sales were effected pursuant to a Rule 10b5-1 plan, indicating prearranged dispositions rather than opportunistic trades. Proceeds per share were $38.40 and $38.16. Following the transactions Mr. Baker still directly holds 39,754 shares and controls 61,197 underlying shares from options, many of which are vested or partially vested. From a financial perspective these transactions modestly reduce insider equity but leave significant potential upside via options with exercise prices below recent sale prices.
TL;DR Transactions comply with Rule 10b5-1 disclosure; continued holdings and option grants align with standard executive compensation practices.
The Form 4 states the sales were made pursuant to a Rule 10b5-1 trading plan and the filing is signed by an attorney-in-fact, consistent with standard governance processes. The disclosure lists detailed vesting schedules and exercise prices for multiple option grants, which provides transparency on incentive timing. There is no indication in this filing of unusual governance concerns or impropriety based solely on these reported transactions.