Form 4: Vita Coco Director John Zupo Reports Acquisition of Deferred RSUs and Existing Stock Options

Vita Coco Company, Inc. Director John Zupo has reported the acquisition of 3,286 deferred Restricted Stock Units (RSUs) and disclosed his beneficial ownership of 30,675 fully vested non-qualified stock options.

Summary

• John Zupo, a Director of Vita Coco Company, Inc. (COCO), reported changes in his beneficial ownership via a Form 4 filing.
• On June 3, 2025, Mr. Zupo acquired 3,286 shares of Common Stock, which are identified as deferred Restricted Stock Units (RSUs) granted at a price of $0.0.
• These RSUs were granted under the company's 2021 Incentive Award Plan and are scheduled to settle on June 3, 2030.
• The RSUs vest on the earlier of (i) the day immediately preceding the Annual Stockholders Meeting after the grant date or (ii) the first anniversary of the grant date, contingent upon Mr. Zupo's continuous service.
• Following this transaction, Mr. Zupo directly beneficially owns 12,162 shares of Common Stock.
• Additionally, Mr. Zupo beneficially owns 30,675 non-qualified stock options with an exercise price of $10.178, which are fully vested and currently exercisable, expiring on December 16, 2029.

Sentiment

Score: 7

Explanation: The acquisition of deferred Restricted Stock Units by a director, along with the continued holding of fully vested stock options, generally indicates management's alignment with shareholder interests and confidence in the company's long-term prospects.

Positives

• The acquisition of 3,286 deferred Restricted Stock Units by a director indicates an alignment of interests with shareholders, as the director's compensation is tied to the company's future performance.
• The director's continued holding of 30,675 fully vested stock options suggests ongoing commitment and confidence in the company's long-term value creation.

Future Outlook

N/A. This document is a Form 4 filing, reporting changes in beneficial ownership, and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

N/A. This Form 4 filing details an individual director's equity transactions and does not provide broader industry context.

Corporate Governance

Stakeholder Impact

• Shareholders: The director's increased equity stake through RSU acquisition and existing stock options aligns his financial interests with those of the shareholders, potentially fostering decisions that enhance long-term shareholder value.

Next Steps

• The deferred RSUs will vest 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 continuous service.
• The deferred RSUs are scheduled to settle on June 3, 2030.
• The non-qualified stock options held by Mr. Zupo will expire on December 16, 2029.

Key Dates

Keywords

Vita Coco, COCO, John Zupo, Director, SEC Form 4, Beneficial Ownership, RSU, Restricted Stock Units, Stock Option, Equity Compensation, Corporate Governance