Coca Cola Co SEC Filings

The Coca-Cola Company (KO) reported third-quarter 2025 results. Net operating revenues were $12,455 million, up from $11,854 million a year ago. Operating income rose to $3,982 million from $2,510 million as other operating charges declined versus last year. Net income attributable to shareowners was $3,696 million, and diluted EPS was $0.86, up from $0.66.

Year-to-date, revenues were $36,119 million and operating income was $11,921 million. Cash provided by operating activities was $3,652 million for the nine months. The company ended the quarter with cash and cash equivalents of $12,732 million and long‑term debt of $43,177 million.

Portfolio actions were active. Coca-Cola recorded a $393 million charge related to the sale of finished product operations in Nigeria and completed that sale on October 2, 2025. It also expects an approximately $1 billion impairment in Q4 2025 tied to a definitive agreement to sell a portion of its Africa bottling operations to Coca-Cola HBC, with closing subject to approvals and expected by the end of 2026. Divestitures during 2025 included proceeds of $741 million from selling a portion of CCEP and $218 million from refranchising certain India territories.

The company continues to appeal the U.S. Tax Court decision reflecting $2.7 billion of additional federal income tax for 2007–2009 (total $6.0 billion with interest deposited). Shares outstanding were 4,301,608,845 as of October 21, 2025.

The Coca-Cola Company (KO) furnished an 8-K under Item 2.02 to provide a press release reporting financial results for the third quarter 2025. The release is attached as Exhibit 99.1, dated October 21, 2025.

The company stated that the information in Item 2.02, including Exhibit 99.1, is not deemed “filed” under the Exchange Act and will not be incorporated by reference into Securities Act filings unless specifically referenced. The filing also includes Exhibit 104, the cover page interactive data file embedded within the iXBRL document.

The Coca-Cola Company (KO) reported a Form 4 for director Max R. Levchin showing a grant of 1,118.0992 phantom share units on 10/16/2025. These units were credited under the company’s Directors’ Plan for 2025 compensation, prorated to reflect his election to the Board on that date. Each phantom unit is economically equivalent to one share of common stock, with a reference price of $71.55. The units are settled in cash after the director leaves the Board, based on the plan’s timing rules.

Coca-Cola (KO) disclosed a new insider filing. A Form 3 initial statement of beneficial ownership shows Director Max R. Levchin as a reporting person. As of the event date, 10/16/2025, he reported 0 shares of Coca-Cola common stock beneficially owned in Table I and listed no derivative securities in Table II. The filing indicates it was submitted by one reporting person.

The Coca-Cola Company appointed Max Levchin to its Board of Directors, effective immediately on October 16, 2025, and named him to the Board’s Talent and Compensation Committee.

For 2025, he will receive a prorated portion of the standard non‑employee director compensation: $90,000 paid in cash quarterly and $200,000 in deferred share units under the Directors’ Plan. The company stated there are no transactions requiring disclosure under Item 404(a) of Regulation S‑K and no arrangements or understandings pursuant to which he was selected. A press release announcing his election was furnished as Exhibit 99.1.

Luisa Ortega, Europe OU President at The Coca-Cola Company (KO), filed an initial Form 3 reporting ownership and equity awards. She directly holds 31,576 shares of Common Stock, which include 6,437 restricted stock units that vest 100% on February 29, 2028. The filing lists employee stock options covering 7,628, 10,684, 21,848, 18,284, 29,343 and 33,424 underlying shares with specified exercise prices and staggered exercisable dates from 2019 through 2034.

KO Form 4 (filed 08/07/2025, trade date 08/05/2025): Europe OU President Nikolaos Koumettis sold 37,396 shares of Coca-Cola common stock. The open-market transaction (Code “S”) was executed at a weighted-average price of $69.1011 within a $69.08-$69.135 range. After the sale, the insider’s direct holdings decline to 209,513 shares; no indirect or derivative positions were reported.

No shares were purchased and no derivatives exercised; the filing does not list a 10b5-1 plan check-box as marked. This single disposal equals roughly 15% of Koumettis’s previously reported direct stake but is immaterial relative to Coca-Cola’s ~4.3 bn shares outstanding.

Insider sales can reflect diversification rather than a view on fundamentals, yet sustained or clustered selling may warrant monitoring. Overall company financials and guidance are unaffected by this isolated Form 4.

Coca-Cola (KO) Form 4 – insider activity. Executive Vice President Beatriz R. Perez reported gifting 43,847 common shares on 08/04/2025 (transaction code G). The entry shows a $0 price, confirming a no-consideration transfer, likely charitable, rather than an open-market sale. Following the gift, Perez’s direct holdings fall to 143,869 shares, while she retains 23,808 shares in the company 401(k) plan and 12,125 hypothetical shares in a supplemental 401(k). No derivatives were exercised and no cash proceeds were realized. The change represents roughly 0.003 % of Coca-Cola’s shares outstanding and does not affect the company’s share count, liquidity or guidance. Overall market impact appears negligible.