Coca-Cola director granted 4,089 phantom share units

Allen Herbert A III reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/03/2026 - 01:04 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Allen Herbert A III reported acquisition or exercise transactions in this Form 4 filing.

COCA COLA CO director Herbert A. Allen III received a grant of phantom share units as part of his 2026 board compensation. On April 1, 2026, he was awarded 4,089.1702 phantom share units, each economically equivalent to one share of common stock, credited under The Coca-Cola Company Directors' Plan.

The phantom share units, including amounts from phantom dividends, now total 22,601.8971 units and will be settled in cash after he leaves the Board, based on the Directors' Plan rules. He also holds 162,610 shares of common stock directly and 99,054 shares indirectly through Allen & Company LLC, where he is President, while disclaiming beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

Grant/Award: 4,089.1702 shares

Grant/Award 1 txn

Insider Allen Herbert A III

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Share Units	4,089.1702	$75.81	$310K
Holding	Common Stock, $.25 Par Value	--	--	--
Holding	Common Stock, $.25 Par Value	--	--	--

Holdings After Transaction: Phantom Share Units — 22,601.8971 contracts (Direct); Common Stock, $.25 Par Value — 162,610 shares (Direct); Common Stock, $.25 Par Value — 99,054 shares (Indirect, Allen & Company LLC)

Footnotes (6)

1. F1. Exhibit Index - Exhibit No. 24 - Power of Attorney
2. F2. Shares owned by Allen & Company LLC, of which the reporting person is the President. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
3. F3. Each phantom share unit is economically equivalent to one share of Common Stock.
4. F4. Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025 (the "Directors' Plan") for 2026 compensation, which may include voluntary deferred compensation.
5. F5. The phantom share units credited under the Directors' Plan are settled in cash the later of (i) January 15 of the year following the year in which the reporting person leaves the Board, or (ii) six months following the date on which the reporting person leaves the Board.
6. F6. This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends.

Key Figures

Phantom units granted: 4,089.1702 units Grant reference price: $75.8100 per unit Total phantom units held: 22,601.8971 units +2 more

5 metrics

Phantom units granted 4,089.1702 units Grant on April 1, 2026 under Directors' Plan

Grant reference price $75.8100 per unit Price per phantom share unit for April 1, 2026 grant

Total phantom units held 22,601.8971 units Phantom share units accrued through April 1, 2026

Direct common shares 162,610 shares Common Stock, $.25 par value, held directly

Indirect common shares 99,054 shares Held indirectly via Allen & Company LLC

Key Terms

Phantom Share Units, Directors' Plan, phantom dividends, beneficial ownership

4 terms

Phantom Share Units financial

"Each phantom share unit is economically equivalent to one share of Common Stock."

Directors' Plan financial

"Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025."

phantom dividends financial

"This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends."

beneficial ownership financial

"The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did KO director Herbert A. Allen III report?

Herbert A. Allen III reported receiving a grant of 4,089.1702 phantom share units on April 1, 2026. These units are part of his 2026 director compensation under Coca-Cola’s Directors' Plan and are economically equivalent to common stock but settled in cash after board service ends.

What are phantom share units in the Coca-Cola (KO) Form 4 filing?

The Form 4 states that each phantom share unit is economically equivalent to one share of Coca-Cola common stock. They are credited under the Directors' Plan for 2026 compensation and any voluntary deferrals, and are ultimately settled in cash after the director leaves the Board.

How many phantom share units does the KO director hold after this grant?

After the April 1, 2026 grant, Herbert A. Allen III holds 22,601.8971 phantom share units. This total includes units granted for 2026 compensation and additional units accrued through April 1, 2026 from credited phantom dividends under the Directors' Plan.

When will the Coca-Cola (KO) phantom share units be settled for the director?

According to the filing, phantom share units are settled in cash on the later of January 15 of the year after the director leaves the Board or six months after that departure date, aligning payment with the end of Board service.

What direct and indirect KO shareholdings are reported for the director?

The filing shows Herbert A. Allen III directly holds 162,610 shares of Coca-Cola common stock and indirectly 99,054 shares through Allen & Company LLC. He is President of that LLC and disclaims beneficial ownership beyond his pecuniary interest in those indirectly held shares.

Does the Form 4 for KO indicate any stock sales by the director?

The Form 4 describes a grant of phantom share units and updated holdings, but does not report any open-market stock sales. The main reportable event is the acquisition of 4,089.1702 phantom share units as part of 2026 director compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Allen Herbert A III

(Last) (First) (Middle)

ALLEN & COMPANY LLC

711 FIFTH AVENUE

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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								162,610	D(1)
Common Stock, $.25 Par Value								99,054	I	Allen & Company LLC(2)

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
Phantom Share Units	$0(3)	04/01/2026		A		4,089.1702(4)		(5)	(5)	Common Stock, $.25 Par Value	4,089.1702	$75.81	22,601.8971(6)	D

Explanation of Responses:

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

2. Shares owned by Allen & Company LLC, of which the reporting person is the President. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

3. Each phantom share unit is economically equivalent to one share of Common Stock.

4. Phantom share units credited to the reporting person under The Coca-Cola Company Directors' Plan effective June 1, 2025 (the "Directors' Plan") for 2026 compensation, which may include voluntary deferred compensation.

5. The phantom share units credited under the Directors' Plan are settled in cash the later of (i) January 15 of the year following the year in which the reporting person leaves the Board, or (ii) six months following the date on which the reporting person leaves the Board.

6. This number includes phantom share units accrued through April 1, 2026 under the Directors' Plan as a result of crediting phantom dividends.

	/s/ April Edwards, attorney-in-fact for Herbert A. Allen III	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)