Tax withholding share move by Vita Coco (NASDAQ: COCO) chair
Rhea-AI Filing Summary
Vita Coco Company, Inc. Executive Chairman Michael Kirban reported a disposition of 5,810 shares of common stock on March 5, 2026, to cover tax withholding obligations tied to vesting Restricted Stock Units. The shares were withheld at a price of $55.175 per share, and the transaction was mandated by the issuer, not a discretionary sale by Kirban.
After this tax-withholding event, Kirban directly holds 143,799 shares of Vita Coco common stock. He also has indirect ownership through trusts, including 1,479,049 shares held by the Michael Kirban 2010 Trust and 615,681 shares held by the Michael Kirban Revocable Trust. In addition, he holds several non-qualified stock option grants, with one grant fully vested and exercisable and others vesting in four equal annual installments beginning on November 27, 2022, March 10, 2024, March 4, 2025, and March 3, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,810 | $55.175 | $321K |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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. These shares are held by the Michael Kirban 2010 Trust. These shares are held by the Michael Kirban Revocable Trust. The stock option is fully vested and currently exercisable. The stock option vests in four equal annual installments beginning on November 27, 2022. The stock option vests in four equal annual installments beginning on March 10, 2024. The stock option vests in four equal annual installments beginning on March 4, 2025. The Stock Option vests in four equal annual installments beginning in March 3, 2026.
