Max Levchin files Form 4 for 14,267 KO shares near $70
Rhea-AI Filing Summary
The Coca-Cola Company (KO) director Max R. Levchin reported open‑market purchases of Common Stock. On 10/23/2025, he bought 2,864 shares at a weighted average price of $69.8721 and 4,197 shares at $70.3062. On 10/24/2025, he bought 7,206 shares at $69.8706. Following these transactions, he beneficially owns 14,267 shares directly.
He also reports 1,118.0992 phantom share units, each economically equivalent to one share of Common Stock. Under the company’s Directors' Plan, these units are settled in cash after the reporting person leaves the Board under the plan’s stated timing.
Positive
- None.
Negative
- None.
Insights
Routine Form 4 disclosing director open‑market buys; neutral.
Max R. Levchin disclosed open‑market purchases of 14,267 KO shares across 10/23/2025 and 10/24/2025 at weighted average prices of $69.8721, $70.3062, and $69.8706. These are standard transactions reported under Section 16, with direct ownership now 14,267 shares.
The filing also lists 1,118.0992 phantom share units, economically equivalent to common shares but cash-settled under the Directors' Plan after the individual leaves the Board, per the plan’s timing. Market impact depends on broader context and holder decisions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, $.25 Par Value | 7,206 | $69.8706 | $503K |
| Purchase | Common Stock, $.25 Par Value | 2,864 | $69.8721 | $200K |
| Purchase | Common Stock, $.25 Par Value | 4,197 | $70.3062 | $295K |
| holding | Phantom Share Units | -- | -- | -- |
Footnotes (1)
- The price is the weighted average purchase price of the aggregate number of shares that were purchased by the reporting person. These shares were purchased in multiple transactions at prices ranging from $69.73 to $69.995. 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 purchased at each separate price. The price is the weighted average purchase price of the aggregate number of shares that were purchased by the reporting person. These shares were purchased in multiple transactions at prices ranging from $70.00 to $70.86. 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 purchased at each separate price. The price is the weighted average purchase price of the aggregate number of shares that were purchased by the reporting person. These shares were purchased in multiple transactions at prices ranging from $69.6653 to $70.005. 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 purchased at each separate price. Each phantom share unit is economically equivalent to one share of Common Stock. The phantom share units credited under The Coca-Cola Company Directors' Plan, as amended and restated effective June 1, 2025, 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.
