Vita Coco (COCO) chair uses 3,965 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vita Coco Company, Inc. Executive Chairman Michael Kirban reported a tax-related share disposition. On March 4, 2026, 3,965 shares of common stock were withheld at $54.12 per share to cover tax obligations from vesting Restricted Stock Units, a disposition mandated by the company and not a discretionary trade. He continues to hold 149,609 common shares directly, plus additional shares indirectly through the Michael Kirban 2010 Trust and the Michael Kirban Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Kirban Michael
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,965 | $54.12 | $215K |
| 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 | Performance Options | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 149,609 shares (Direct);
Non-Qualified Stock Option (Right to Buy) — 546,000 shares (Direct);
Performance Options — 185,133 shares (Direct);
Common Stock — 1,479,049 shares (Indirect, by M. Kirban 2010)
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.
FAQ
What did Vita Coco (COCO) Executive Chairman Michael Kirban report in this Form 4?
Michael Kirban reported issuer-mandated disposal of 3,965 Vita Coco common shares to cover tax withholding from vesting RSUs. The shares were withheld at $54.12 each, and the transaction did not represent a discretionary open-market trade by Kirban.
What option and performance awards does Michael Kirban report in this Vita Coco (COCO) filing?
The Form 4 lists several non-qualified stock options and performance options with various remaining share amounts, including fully vested and time-vesting grants. Footnotes describe vesting schedules beginning on November 27, 2022, March 10, 2024, March 4, 2025, and March 3, 2026, for different option awards.
How are Michael Kirban’s indirect Vita Coco (COCO) holdings structured in this filing?
Indirect Vita Coco common-share holdings are reported through the Michael Kirban 2010 Trust and the Michael Kirban Revocable Trust. The filing specifies these as indirect ownership positions, separate from Kirban’s directly held 149,609 common shares reported after the tax-withholding disposition transaction.