Vita Coco (NASDAQ: COCO) director sells 3,900 shares in 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vita Coco Company, Inc. director Kenneth Sadowsky reported an open-market sale of 3,900 shares of common stock at a weighted average price of $56.918 per share. The trade was executed pursuant to a pre-arranged Rule 10b5-1 trading plan, indicating it was scheduled in advance.
After the sale, Sadowsky directly holds 590,466 shares of common stock. He also holds a fully vested, currently exercisable non-qualified stock option to buy 27,300 shares of common stock at an exercise price of $10.178 per share, expiring on January 2, 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,900 shares ($221,980)
Net Sell
2 txns
Insider
Sadowsky Kenneth
Role
Director
Sold
3,900 shs ($222K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,900 | $56.918 | $222K |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 590,466 shares (Direct);
Non-Qualified Stock Option (Right to Buy) — 27,300 shares (Direct)
Footnotes (1)
- The sales of shares of common stock reported were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.54 to $57.77, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The stock option is fully vested and currently exercisable.
FAQ
What did Vita Coco (COCO) director Kenneth Sadowsky report in this Form 4?
Kenneth Sadowsky reported selling 3,900 shares of Vita Coco common stock in an open-market transaction. The weighted average sale price was $56.918 per share, and the trade was carried out under a pre-arranged Rule 10b5-1 trading plan.
Was the Vita Coco (COCO) stock sale by Kenneth Sadowsky under a Rule 10b5-1 plan?
Yes. The filing states that the sales of Vita Coco common stock were effected pursuant to a Rule 10b5-1 trading plan. Such plans allow insiders to pre-schedule trades, reducing the significance of trade timing as an indicator of sentiment.