Vita Coco (NASDAQ: COCO) withholds 10,801 COO shares for taxes
Rhea-AI Filing Summary
Vita Coco Company, Inc. (COCO) reported that Chief Operating Officer Jonathan Burth had 10,801 shares of common stock disposed of on August 15, 2026 at $65.21 per share. A footnote states these shares were withheld to cover tax withholding obligations upon RSU vesting and were mandated by the issuer. Following this tax-withholding disposition, Burth directly holds 47,109 common shares and retains multiple non-qualified stock option awards over COCO common stock with exercise prices between $10.178 and $33.36, expiring from 2030 through 2035.
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Insights
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Insider Trade Summary
Net Seller: 10,801 shares
Net Sell
9 txns
Insider
Burth Jonathan
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 10,801 | $65.21 | $704K |
| holding | Non-Qualified Stock Option (Right to Buy) F2 | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) F7 | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) F8 | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) F9 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 47,109 shares (Direct);
Non-Qualified Stock Option (Right to Buy) — 219,867 shares (Direct)
Footnotes (9)
- F1. The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
- F2. 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.
- F3. The stock option is fully vested and currently exercisable.
- 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.
Key Figures
Shares withheld for taxes: 10801 shares
Disposition price: $65.21 per share
Common shares held after transaction: 47109 shares
+3 more
6 metrics
Shares withheld for taxes
10801 shares
Common Stock disposed of on August 15, 2026 to cover tax withholding obligations
Disposition price
$65.21 per share
Price for the 10,801 common shares withheld for tax obligations
Common shares held after transaction
47109 shares
Direct COCO common stock ownership by Jonathan Burth following the August 15, 2026 disposition
Option exercise price
$10.178
Non-Qualified Stock Option expiring February 10, 2030 over 34,525 underlying shares
Option exercise price
$15.000
Non-Qualified Stock Option expiring October 21, 2031 over 58,043 underlying shares
Option exercise price
$33.360
Non-Qualified Stock Option expiring March 4, 2035 over 13,218 underlying shares
Key Terms
Restricted Stock Units, Non-Qualified Stock Option (Right to Buy), performance conditions, tax withholding obligations
4 terms
Restricted Stock Units financial
"in connection with the vesting and settlement of Restricted Stock Units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Non-Qualified Stock Option (Right to Buy) financial
"security_title: Non-Qualified Stock Option (Right to Buy)"
performance conditions financial
"eligible to vest if certain performance conditions are met by the target date"
tax withholding obligations financial
"shares withheld to cover tax withholding obligations in connection with the vesting"
FAQ
What insider transaction did COCO report for Jonathan Burth on August 15, 2026?
COCO reported that Jonathan Burth had 10,801 common shares disposed of on August 15, 2026 at $65.21 per share. A footnote explains the shares were withheld to satisfy tax withholding obligations related to vesting Restricted Stock Units and were mandated by the company.
What stock options on COCO does Jonathan Burth hold according to this Form 4?
Jonathan Burth holds several Non-Qualified Stock Options on COCO, including awards exercisable at $10.178, $15.00, $15.36, $16.91, $26.18, and $33.36 per share. These options cover underlying common shares with expirations ranging from 2030 through 2035.
Do performance conditions affect Jonathan Burth’s COCO stock options?
Yes. Footnotes describe certain options as performance-based, eligible to vest only if specified performance conditions are met by target dates. Some tranches have already vested, including 18,200 shares on February 6, 2024 and 22,750 shares on February 20, 2026.
Are Jonathan Burth’s COCO stock options currently exercisable?
The filing notes one stock option grant is fully vested and currently exercisable. Other option grants vest in annual installments or upon achieving performance conditions, with vesting schedules beginning between 2022 and 2025 and expirations extending out to 2035.
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