Form 4: Vita Coco Company Director Acquires Restricted Stock Units

Eric Melloul, a director of Vita Coco Company, Inc., acquired 2,490 Restricted Stock Units (RSUs) on June 4, 2024, under the company's 2021 Incentive Award Plan.

Summary

• On June 4, 2024, Eric Melloul, a director of Vita Coco Company, Inc., acquired 2,490 Restricted Stock Units (RSUs).
• These RSUs were granted under the company's 2021 Incentive Award Plan and vest in full on the earlier of the day immediately preceding the Annual Stockholders Meeting after the grant date or the first anniversary of the grant date, provided the Reporting Person remains in continuous service.
• Melloul also indirectly holds 10,860,804 shares of common stock through VB SA, where he serves as an advisor and may have shared voting power.
• The RSUs granted to Melloul, based on a nominee agreement between Melloul and Verlinvest Beverages SA ('Verlinvest'), will be held by him only as a nominee for Verlinvest and, upon vesting, will be delivered to Verlinvest.
• Melloul disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a routine transaction. It doesn't convey any strong positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and equity compensation, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects standard equity compensation practices.

Key Dates