[Form 3] Coca-Cola Company Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

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.

Positive

• Initial disclosure completed for an executive, providing transparency on insider ownership
• Significant time‑vested incentives: 6,437 RSUs vesting 100% on February 29, 2028
• Long‑dated option grants with staggered exercisable dates through 2034, aligning executive incentives with long‑term performance

Negative

• None.

Insights

Financial Analyst

TL;DR: Form 3 shows executive equity alignment via shares, RSUs and multiple option grants across 2019–2024.

The filing documents direct beneficial ownership of 31,576 common shares and discloses 6,437 RSUs vesting fully on February 29, 2028, which creates a time‑based retention incentive. Multiple stock option grants are listed with exercise prices from $48.075 to $61.34 and staggered exercisable windows through 2034, indicating multi‑year compensation vesting schedules rather than immediate liquidity events. For investors, this is a routine initial disclosure of insider holdings and compensation instruments; it does not report sales, purchases, or other transfers.

Corporate Governance Expert

TL;DR: Initial beneficial ownership filing documents standard executive equity grants and vesting timelines.

The report clarifies the reporting person’s role as Europe OU President and itemizes direct ownership and derivative awards under Coca‑Cola equity plans. The presence of RSUs and multiple long‑dated option grants aligns executive incentives with long‑term shareholder value and retention. There are no amendments, no dispositions, and no indicia of concentrated control or unusual transactions in this filing.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Ortega Luisa

(Last) (First) (Middle)

THE COCA-COLA COMPANY

ONE COCA-COLA PLAZA

(Street)

ATLANTA GA 30313

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/01/2025

3. Issuer Name and Ticker or Trading Symbol
COCA COLA CO [ KO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Europe OU President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $.25 Par Value	31,576(1)	D(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	(3)	04/24/2029	Common Stock, $.25 Par Value	7,628	$48.075	D
Employee Stock Option (Right to Buy)	(4)	02/20/2030	Common Stock, $.25 Par Value	10,684	$59.485	D
Employee Stock Option (Right to Buy)	(5)	02/18/2031	Common Stock, $.25 Par Value	21,848	$50.4383	D
Employee Stock Option (Right to Buy)	(6)	02/17/2032	Common Stock, $.25 Par Value	18,284	$61.34	D
Employee Stock Option (Right to Buy)	(7)	02/25/2033	Common Stock, $.25 Par Value	29,343	$60.02	D
Employee Stock Option (Right to Buy)	(8)	02/28/2034	Common Stock, $.25 Par Value	33,424	$60.275	D

Explanation of Responses:

1. Includes 6,437 restricted stock units issued under The Coca-Cola Company 2024 Equity Plan that vest 100% on February 29, 2028.

2. Exhibit Index - Exhibit No. 24 - Power of Attorney

3. Options (with tax withholding right) granted on April 24, 2019 under The Coca-Cola Company 2014 Equity Plan. One-fourth of grant became execisable on each of the first, second, third and fourth anniversaries of the grant date.

4. Options (with tax withholding right) granted on February 20, 2020 under The Coca-Cola Company 2014 Equity Plan. One-fourth of grant became exercisable on each of the first, second, third and fourth anniversaries of the grant date.

5. Options (with tax withholding right) granted on February 18, 2021 under The Coca-Cola Company 2014 Equity Plan. One-fourth of grant became exercisable on each of the first, second, third and fourth anniversaries of the grant date.

6. Options (with tax withholding right) granted on February 17, 2022 under The Coca-Cola Company 2014 Equity Plan. One-fourth of grant becomes exercisable on each of the first, second, third and fourth anniversaries of the grant date.

7. Options (with tax withholding right) granted on February 27, 2023 under The Coca-Cola Company 2014 Equity Plan. One fourth of grant becomes exercisable on each of February 29, 2024, February 28, 2025, February 27, 2026 and February 26, 2027.

8. Options (with tax withholding right) granted on February 28, 2024 under The Coca-Cola Company 2014 Equity Plan. One fourth of grant becomes exercisable on each of February 28, 2025, February 27, 2026, February 26, 2027 and February 29, 2028.

	/s/ Luisa Ortega	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Luisa Ortega disclose on the Form 3 for KO?

She disclosed direct ownership of 31,576 common shares, including 6,437 RSUs vesting Feb 29, 2028, and multiple employee stock options with specified exercise prices and exercisable dates.

Does the Form 3 report any stock sales or purchases by Luisa Ortega?

No. The filing reports existing beneficial ownership and option awards; it does not disclose any sales or purchases.

What are the exercise prices and exercisable windows for the options reported?

Exercise prices reported range from $48.075 to $61.34, with exercisable dates beginning as early as 04/24/2019 and expiration windows extending through the 2029–2034 grants as listed in the filing.

Is Luisa Ortega an officer or director of Coca‑Cola per the filing?

The filing identifies her as an Officer with the title Europe OU President.

Are the RSUs and options subject to standard vesting schedules?

Yes. The RSUs vest 100% on a single date (Feb 29, 2028). The options reference customary four‑year staggered exercisability (one‑fourth each year) as described for each grant.