BAKER COREY 4
4 · Vita Coco Company, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Vita Coco (COCO) CFO Corey Baker Withholds 5,226 Shares for Taxes
What Happened
Corey Baker, Chief Financial Officer of Vita Coco Company, had a total of 5,226 shares withheld by the company to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). The withholding occurred on March 11, 2026, at $54.91 per share, resulting in total proceeds/value of $286,959 (three withholdings: 2,265 shares = $124,371; 1,573 shares = $86,373; 1,388 shares = $76,215). This was a mandatory tax-withholding disposition, not an open-market sale initiated by the insider.
Key Details
- Transaction date: March 11, 2026; Filing date: March 12, 2026 (filed promptly the next day).
- Price per share: $54.91; Total value of withheld shares: $286,959.
- Shares withheld/disposed: 2,265; 1,573; and 1,388 (total 5,226).
- Shares owned after the reported transactions: not specified in the provided excerpt of the filing.
- Notable footnote: F1 — these dispositions were shares withheld to cover tax withholding for RSU vesting and were mandated by the issuer (not discretionary trades). Other footnotes (F2–F5) in the filing reference various option vesting schedules.
Context
This was a tax-withholding event tied to RSU vesting (a common, routine administrative action) rather than an intentional sale indicating sentiment about the company. For retail investors, such mandatory withholdings should not be interpreted as insider selling for investment reasons. The filing also contains references to option vesting schedules for other awards; those vesting terms are informational and separate from this withholding transaction.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-11$54.91/sh−2,265$124,371→ 38,912 total - Tax Payment
Common Stock
[F1]2026-03-11$54.91/sh−1,573$86,373→ 37,339 total - Tax Payment
Common Stock
[F1]2026-03-11$54.91/sh−1,388$76,215→ 35,951 total
- 9,205
Non-Qualified Stock Option (Right to Buy)
[F2]Exercise: $16.91Exp: 2033-03-10→ Common Stock (9,205 underlying) - 13,481
Non-Qualified Stock Option (Right to Buy)
[F3]Exercise: $24.35Exp: 2033-05-10→ Common Stock (13,481 underlying) - 8,746
Non-Qualified Stock Option (Right to Buy)
[F4]Exercise: $26.18Exp: 2034-03-04→ Common Stock (8,746 underlying) - 11,547
Non-Qualified Stock Option (Right to Buy)
[F3]Exercise: $27.59Exp: 2033-08-07→ Common Stock (11,547 underlying) - 13,218
Non-Qualified Stock Option (Right to Buy)
[F5]Exercise: $33.36Exp: 2035-03-04→ Common Stock (13,218 underlying)
Footnotes (5)
- [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]The stock option vests in four equal annual installments beginning on March 10, 2024.
- [F3]The stock option is vested as to 40% and will vest the remaining 30% on March 10, 2025, 20% on March 10, 2026 and 10% on March 10, 2027.
- [F4]The stock option vests in four equal annual installments beginning on March 4, 2025.
- [F5]The Reporting Person was granted stock options that will vest in four annual equal installments on each anniversary of the grant date provided that the Reporting Person remains in continuous service on each vesting date.