Kirban Michael 4
4 · Vita Coco Company, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Vita Coco (COCO) Exec Chairman Michael Kirban Sells 5,810 Shares
What Happened Michael Kirban, Executive Chairman and a director of Vita Coco (COCO), had 5,810 shares withheld on March 5, 2026 to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs). The shares were withheld at $55.17 each for a total of $320,567. This disposition was a mandatory tax-withholding action (transaction code F), not an open-market sale or discretionary trade.
Key Details
- Transaction date: 2026-03-05; Filing date: 2026-03-09 (timely under Form 4 rules).
- Shares withheld/disposed: 5,810 at $55.17 each; total value $320,567.
- Transaction code: F — shares withheld to cover tax withholding on RSU vesting. The filing notes the disposition was mandated by the issuer and not discretionary.
- Post-transaction ownership: not disclosed in this Form 4.
- Footnotes: withheld shares relate to RSU settlement (F1); some shares held in the Michael Kirban 2010 Trust and Michael Kirban Revocable Trust (F2, F3). Additional footnotes list various option vesting schedules (F4–F8) for other equity awards.
Context This was a routine, non-discretionary withholding to cover taxes when RSUs vested (often called a net share settlement), not an open-market sale that would necessarily indicate insider sentiment. For retail investors, tax-withholding dispositions are common and typically reflect compensation settlement mechanics rather than trading decisions.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-05$55.17/sh−5,810$320,567→ 143,799 total
- 1,479,049(indirect: by M. Kirban 2010)
Common Stock
[F2] - 615,681(indirect: by M. Kirban Revoc)
Common Stock
[F3] - 546,000
Non-Qualified Stock Option (Right to Buy)
[F4]Exercise: $10.18Exp: 2029-12-16→ Common Stock (546,000 underlying) - 40,950
Non-Qualified Stock Option (Right to Buy)
[F4]Exercise: $10.18Exp: 2031-01-11→ Common Stock (40,950 underlying) - 298,507
Non-Qualified Stock Option (Right to Buy)
[F5]Exercise: $15.00Exp: 2031-10-21→ Common Stock (298,507 underlying) - 46,875
Non-Qualified Stock Option (Right to Buy)
[F6]Exercise: $16.91Exp: 2033-03-10→ Common Stock (46,875 underlying) - 185,133
Non-Qualified Stock Option (Right to Buy)
[F4]Exercise: $16.91Exp: 2033-03-10→ Common Stock (185,133 underlying) - 62,743
Non-Qualified Stock Option (Right to Buy)
[F7]Exercise: $26.18Exp: 2034-03-04→ Common Stock (62,743 underlying) - 70,715
Non-Qualified Stock Option (Right to Buy)
[F8]Exercise: $32.78Exp: 2035-03-03→ Common Stock (70,715 underlying)
Footnotes (8)
- [F1]The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
- [F2]These shares are held by the Michael Kirban 2010 Trust.
- [F3]These shares are held by the Michael Kirban Revocable Trust.
- [F4]The stock option is fully vested and currently exercisable.
- [F5]The stock option vests in four equal annual installments beginning on November 27, 2022.
- [F6]The stock option vests in four equal annual installments beginning on March 10, 2024.
- [F7]The stock option vests in four equal annual installments beginning on March 4, 2025.
- [F8]The Stock Option vests in four equal annual installments beginning in March 3, 2026.