Burth Jonathan 4
4 · Vita Coco Company, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Vita Coco (COCO) COO Jonathan Burth Sells 818 Shares (Tax Withholding)
What Happened
Jonathan Burth, COO of Vita Coco (COCO), had 818 shares disposed on March 11, 2026 as a tax-withholding action tied to equity vesting. The shares were valued at $54.91 each, for a total cash-equivalent of about $44,916. This was a mandatory withholding to cover tax obligations — not an open-market sale reflecting a change in sentiment.
Key Details
- Transaction date and price: March 11, 2026 — 818 shares at $54.91 per share (total ~$44,916).
- Transaction code: F — payment of exercise price or tax liability; filing footnote F1 specifies shares were withheld to cover tax withholding for vested RSUs and was mandated by the issuer (not discretionary).
- Shares owned after transaction: Not specified in this filing.
- Filing timeliness: Form filed March 12, 2026 (next day) — appears timely under Form 4 rules.
- Other footnotes in the filing (F2–F9) detail various option grant vesting schedules and prior tranche vestings but are not the direct cause of this withholding disclosure.
Context
This was a cashless/withholding-style disposal to satisfy tax obligations on vested equity (common procedure) rather than a voluntary open‑market sale. Such withholdings are routine and typically do not signal insider confidence or concern about the company’s outlook.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-11$54.91/sh−818$44,916→ 77,910 total
- 8,825
Non-Qualified Stock Option (Right to Buy)
[F2]Exercise: $10.18Exp: 2029-12-16→ Common Stock (8,825 underlying) - 40,950
Non-Qualified Stock Option (Right to Buy)
[F3]Exercise: $10.18Exp: 2030-02-10→ Common Stock (40,950 underlying) - 164,750
Non-Qualified Stock Option (Right to Buy)
[F2]Exercise: $10.18Exp: 2030-02-10→ Common Stock (164,750 underlying) - 34,125
Non-Qualified Stock Option (Right to Buy)
[F2]Exercise: $10.18Exp: 2031-01-11→ Common Stock (34,125 underlying) - 58,043
Non-Qualified Stock Option (Right to Buy)
[F4]Exercise: $15.00Exp: 2031-10-21→ Common Stock (58,043 underlying) - 42,980
Non-Qualified Stock Option (Right to Buy)
[F5]Exercise: $15.36Exp: 2032-08-15→ Common Stock (42,980 underlying) - 14,025
Non-Qualified Stock Option (Right to Buy)
[F6]Exercise: $16.91Exp: 2033-03-10→ Common Stock (14,025 underlying) - 14,205
Non-Qualified Stock Option (Right to Buy)
[F7]Exercise: $16.91Exp: 2033-03-10→ Common Stock (14,205 underlying) - 8,746
Non-Qualified Stock Option (Right to Buy)
[F8]Exercise: $26.18Exp: 2034-03-04→ Common Stock (8,746 underlying) - 13,218
Non-Qualified Stock Option (Right to Buy)
[F9]Exercise: $33.36Exp: 2035-03-04→ Common Stock (13,218 underlying)
Footnotes (9)
- [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 is fully vested and currently exercisable.
- [F3]The stock option is eligible to vest in four tranches if certain performance conditions for each tranche of the option are met by the target date for the applicable performance condition(s) and expire relative to each tranche if the performance conditions for such tranche are not met by the final target date. The performance conditions were partially met and as a result, the first tranche of the option were timely satisfied, resulting in vesting of the option as to 18,200 shares on February 6, 2024. The performance conditions applicable to the fourth tranche of the option were timely satisfied, resulting in vesting of the option as to 22,750 shares on February 20, 2026.
- [F4]The stock option vests in four equal annual installments beginning on November 27, 2022.
- [F5]The stock option vests in three equal annual installments beginning on August 15, 2025.
- [F6]The stock option is eligible to vest if certain performance conditions are met by the target date for the applicable performance condition(s) and expire if the performance conditions are not met by the final target date. The performance conditions applicable were timely satisfied, resulting in vesting of the option as to 14,025 shares on February 20, 2026.
- [F7]The stock option vests in four equal annual installments beginning on March 10, 2024.
- [F8]The stock option vests in four equal annual installments beginning on March 4, 2025.
- [F9]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.