[Form 4] Vita Coco Company, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Michael Kirban, Executive Chairman of Vita Coco Company, Inc. (COCO), reported an open-market sale of 30,000 shares of common stock executed under a Rule 10b5-1 trading plan at a weighted average price of $41.719 per share. The Form 4 shows the reporting person retains significant holdings: 1,549,049 shares indirectly held by the Michael Kirban 2010 Trust, 615,681 shares indirectly held by the Michael Kirban Revocable Trust, and 127,629 shares directly held. Multiple stock options across various strike prices and vesting schedules are also disclosed, including fully exercisable options and several tranches that vest over coming years.
Positive
- None.
Negative
- Reported sale of 30,000 common shares executed on 09/17/2025 at a weighted average price of $41.719 per share
- Reduction in direct holdings by the 30,000-share sale (reported as a disposal)
Insights
TL;DR: Insider sale of 30,000 shares under a 10b5-1 plan; substantial trust holdings and vested options remain.
The filing documents a planned disposition executed under a Rule 10b5-1 plan, which provides procedural protection against accusations of trading on material nonpublic information. The reported weighted average sale price was $41.719 per share. While the sale reduces direct holdings by 30,000 shares, the reporting person continues to hold large indirect and direct positions through trusts totaling over 2.1 million shares combined as reported. Several non-qualified stock options with varied strike prices and vesting schedules are outstanding, including options fully vested and exercisable, which could affect future dilution if exercised.
TL;DR: Transaction follows a documented 10b5-1 plan; disclosure aligns with Section 16 reporting requirements.
The Form 4 is properly filed and includes standard explanatory footnotes identifying the trading plan and trust ownership. The signature by an attorney-in-fact is provided. The disclosure of option vesting schedules and exercisability is appropriate for transparency around potential future insider-driven equity changes. No amendments or unusual reporting flags are present in the filing text provided.