COCO.NASDAQVita Coco Company, INC

Form 4: Vita Coco CFO Corey Baker Sells Shares to Cover Taxes

Sentiment:

SEC Form 4 Filing

📋All filings for Vita Coco Company, INC
🔒Login to Follow

Corey Baker, CFO of Vita Coco Company, Inc., sold 5,757 shares of common stock on March 14, 2024, to cover taxes and fees related to vesting restricted stock units.

Summary

  • Corey Baker, the Chief Financial Officer of Vita Coco Company, Inc., sold 5,757 shares of common stock on March 14, 2024.
  • The sale was executed at a price of $25.19 per share.
  • The transaction was conducted to cover taxes and fees associated with the vesting of restricted stock units.
  • Following the transaction, Baker directly owns 51,518 shares of Vita Coco Company, Inc.
  • Baker also holds multiple non-qualified stock options with varying exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider stock sale for tax purposes, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common and expected. It provides transparency into the trading activities of company executives.

Stakeholder Impact

  • The stock sale may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares sold.

Key Dates

DateDescription
03/10/2024First vesting date for 14,205 stock options at $16.91.
03/14/2024Date of stock sale: 5,757 shares at $25.19.
03/15/2024Date of signature for the Form 4 filing.
03/10/2025Next vesting date for 13,481 stock options at $24.35.
03/04/2025First vesting date for 8,746 stock options at $26.18.
03/10/2026Next vesting date for 13,481 stock options at $24.35.
03/10/2027Final vesting date for 13,481 stock options at $24.35.
08/07/2033Expiration date for 11,547 stock options at $27.59.
03/04/2034Expiration date for 8,746 stock options at $26.18.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.