KO Form 4: Perez gift trims direct stake to 143,869 shares

Rhea-AI Filing Summary

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.

Insights

Securities Analyst

TL;DR: Small insider gift; negligible impact on KO valuation or float.

The filing records a one-time, zero-price gift of 43,847 KO shares by EVP Beatriz Perez. Even after the transfer, her direct and indirect exposure totals about 180 k shares, maintaining alignment with shareholders. Because the company has ~4.3 bn shares outstanding, the reduction is statistically immaterial and does not signal a change in corporate fundamentals or insider sentiment that would move the stock.

Corporate Governance Expert

TL;DR: Routine charitable transfer; governance stance unchanged.

Transaction code G denotes a gift, not a sale for personal gain. Such transfers are common for long-tenured executives and do not typically indicate red flags. Perez remains an officer and significant insider, so disclosure obligations continue. The company’s governance profile and insider alignment metrics are unaffected.

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^*

Perez Beatriz R

(Last) (First) (Middle)

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)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

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	08/04/2025		G		43,847	D	$0	143,869	D
Common Stock, $.25 Par Value								23,808(1)	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
Hypothetical Shares	(2)							(3)	(3)	Common Stock, $.25 Par Value	12,125		12,125(4)	I	By Supplemental 401(k) Plan

Explanation of Responses:

1. Shares credited to the reporting person's account under The Coca-Cola Company 401(k) Plan, as of August 4, 2025.

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

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

4. As of August 4, 2025.

	/s/ Beatriz R. Perez	08/05/2025
	** 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 activity did Coca-Cola (KO) disclose in this Form 4?

EVP Beatriz R. Perez gifted 43,847 shares of KO common stock on 08/04/2025.

How many KO shares does Beatriz Perez now hold directly?

After the reported gift she directly owns 143,869 shares.

Was cash involved in the reported transaction?

No. The transaction price is listed as $0, indicating a gift rather than a sale.

Does this filing affect Coca-Cola’s share count or earnings?

No. The transfer is between beneficial owners, leaving KO’s outstanding shares and earnings unchanged.

What are the executive’s remaining indirect KO holdings?

Perez holds 23,808 shares in a 401(k) Plan and 12,125 hypothetical shares in a Supplemental 401(k).