KO executive exercises 50,545 options; sells 40,390 shares

Rhea-AI Filing Summary

The Coca‑Cola Company (KO) reported an insider transaction by EVP & Chief Operating Officer Henrique Braun. On 11/11/2025, Braun exercised employee stock options for 50,545 shares at an exercise price of $43.515 per share (code M) and sold 40,390 shares of common stock at a weighted average price of $70.9313, with individual sale prices ranging from $70.90 to $70.95 (code S).

Following the transactions, Braun directly beneficially owned 62,621 shares, plus 13,306 shares credited to his account under The Coca‑Cola Company 401(k) Plan as of November 11, 2025. The exercised option was granted on February 18, 2016 under the 2014 Equity Plan and is now fully exercised. He also has 8,812 hypothetical shares under the Supplemental 401(k) Plan as of November 11, 2025.

Insider Trade Summary

Net Seller: 40,390 shares ($2,864,915)

Net Sell 5 txns

Insider Braun Henrique

Role EVP & Chief Operating Officer

Sold 40,390 shs ($2.86M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	50,545	$0.00	--
Exercise	Common Stock, $.25 Par Value	50,545	$43.515	$2.20M
Sale	Common Stock, $.25 Par Value	40,390	$70.9313	$2.86M
holding	Hypothetical Shares	--	--	--
holding	Common Stock, $.25 Par Value	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct); Common Stock, $.25 Par Value — 103,011 shares (Direct); Hypothetical Shares — 8,812 shares (Indirect, By Supplemental 401(k) Plan); Common Stock, $.25 Par Value — 13,306 shares (Indirect, By 401(k) Plan)

Footnotes (1)

1. The price is the weighted average sale price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $70.90 to $70.95. The reporting person undertakes to provide to 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. Shares credited to the reporting person's account under The Coca-Cola Company 401(k) Plan, as of November 11, 2025. Option (with tax withholding right) granted on February 18, 2016 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. Each hypothetical share is equal to one share of common stock of The Coca-Cola Company. There is no data applicable with respect to the hypothetical shares. As of November 11, 2025.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Braun Henrique

(Last) (First) (Middle)

C/O THE COCA-COLA COMPANY

ONE COCA-COLA PLAZA

(Street)

ATLANTA GA 30313

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.25 Par Value	11/11/2025		M		50,545	A	$43.515	103,011	D
Common Stock, $.25 Par Value	11/11/2025		S		40,390	D	$70.9313(1)	62,621	D
Common Stock, $.25 Par Value								13,306(2)	I	By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$43.515	11/11/2025		M			50,545	(3)	02/17/2026	Common Stock, $.25 Par Value	50,545	$0	0	D
Hypothetical Shares	(4)							(5)	(5)	Common Stock, $.25 Par Value	8,812		8,812(6)	I	By Supplemental 401(k) Plan

Explanation of Responses:

1. The price is the weighted average sale price of the aggregate number of shares that were sold by the reporting person. These shares were sold in multiple transactions at prices ranging from $70.90 to $70.95. The reporting person undertakes to provide to 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.

2. Shares credited to the reporting person's account under The Coca-Cola Company 401(k) Plan, as of November 11, 2025.

3. Option (with tax withholding right) granted on February 18, 2016 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.

4. Each hypothetical share is equal to one share of common stock of The Coca-Cola Company.

5. There is no data applicable with respect to the hypothetical shares.

6. As of November 11, 2025.

	/s/ Henrique Braun	11/12/2025
	** 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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Coca‑Cola (KO) report for Henrique Braun?

On 11/11/2025, he exercised 50,545 options at $43.515 and sold 40,390 shares at a weighted average of $70.9313.

What is Henrique Braun’s direct share ownership in KO after the transactions?

He directly owned 62,621 shares after the reported transactions.

What retirement plan holdings does Henrique Braun have in KO?

His 401(k) Plan held 13,306 shares as of November 11, 2025, and he had 8,812 hypothetical shares in the Supplemental 401(k) Plan.

At what prices were Coca‑Cola shares sold by the executive?

Sales were made at a weighted average of $70.9313, with prices ranging from $70.90 to $70.95.

What was the source and status of the exercised options?

They were granted on February 18, 2016 under the 2014 Equity Plan; the 50,545 options were fully exercised on November 11, 2025.