Vita Coco (COCO) director sells 3,900 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vita Coco Company, Inc. director Kenneth Sadowsky reported an open-market sale of common stock. He sold 3,900 shares of common stock at a weighted average price of $55.64 per share in transactions executed under a pre-arranged Rule 10b5-1 trading plan.
After this sale, Sadowsky holds 604,366 shares of Vita Coco common stock directly. He also holds a non-qualified stock option for 27,300 shares that is fully vested and currently exercisable, providing additional potential equity exposure beyond his current common share holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,900 shares ($216,996)
Net Sell
2 txns
Insider
Sadowsky Kenneth
Role
Director
Sold
3,900 shs ($217K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,900 | $55.64 | $217K |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 604,366 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 $53.17 to $57.24, 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 insider transaction did Vita Coco (COCO) disclose for Kenneth Sadowsky?
Vita Coco director Kenneth Sadowsky disclosed selling 3,900 shares of common stock. The transaction was an open-market sale made under a Rule 10b5-1 trading plan, indicating it was pre-arranged rather than discretionary, at a weighted average price of $55.64 per share.
Was the Vita Coco (COCO) insider sale by Kenneth Sadowsky under a 10b5-1 plan?
Yes. The filing states the common stock sales were effected pursuant to a Rule 10b5-1 trading plan. Such plans allow insiders to prearrange trades, helping separate routine portfolio decisions from informational trading concerns under securities regulations.
What stock options does Kenneth Sadowsky hold in Vita Coco (COCO)?
Kenneth Sadowsky holds a non-qualified stock option covering 27,300 Vita Coco shares. The filing notes this option is fully vested and currently exercisable, meaning he can convert it into common stock subject to the option’s terms and any applicable exercise price.