Verlinvest Beverages Cuts Vita Coco Stake to 17.5%

TL;DR

**Verlinvest cut its Vita Coco stake to 17.5%, watch for potential stock dip.**

AI Summary

Verlinvest Beverages SA, a major investor, filed an amendment to their SC 13G filing for The Vita Coco Company, Inc. on February 2, 2024, indicating their ownership of 10,000,000 shares of common stock as of December 31, 2023. This represents a 17.5% stake in the company, a decrease from their previously reported 20.0% ownership. This matters to investors because a significant reduction in a large institutional holder's stake could signal a change in their long-term outlook for Vita Coco, potentially impacting investor confidence and stock performance.

Why It Matters

A major institutional investor reducing its stake in The Vita Coco Company, Inc. could be interpreted as a loss of confidence, potentially leading to downward pressure on the stock price.

Risk Assessment

Risk Level: medium — A large institutional investor reducing its stake can signal potential concerns about future performance, creating uncertainty for other shareholders.

Analyst Insight

Investors should monitor The Vita Coco Company, Inc.'s stock performance and consider the implications of a major institutional investor reducing its stake, potentially re-evaluating their own position.

Key Numbers

• 10,000,000 — Shares Beneficially Owned (Represents Verlinvest Beverages SA's total ownership in Vita Coco as of December 31, 2023.)
• 17.5% — Percentage of Class (Indicates Verlinvest Beverages SA's reduced ownership stake in The Vita Coco Company, Inc., down from a previous filing.)
• $0.01 — Par Value per Share (The stated par value of The Vita Coco Company, Inc.'s common stock.)

Key Players & Entities

• Verlinvest Beverages SA (company) — the reporting person who filed the SC 13G/A
• The Vita Coco Company, Inc. (company) — the issuer of the securities
• 10,000,000 shares (dollar_amount) — the number of shares of common stock beneficially owned by Verlinvest Beverages SA
• 17.5% (dollar_amount) — the percentage of The Vita Coco Company, Inc.'s common stock owned by Verlinvest Beverages SA
• December 31, 2023 (date) — the date of the event requiring the filing of this statement

Forward-Looking Statements

• The Vita Coco Company, Inc. stock price may experience short-term volatility due to the reduction in institutional ownership. (The Vita Coco Company, Inc.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — of Issuer) Common Stock, par value of $0.01 per share (Title of Class of Securiti

Filing Documents

• d16728dsc13ga.htm (SC 13G/A) — 37KB
• 0001193125-24-022951.txt ( ) — 39KB

From the Filing

SC 13G/A 1 d16728dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) The Vita Coco Company, Inc. (Name of Issuer) Common Stock, par value of $0.01 per share (Title of Class of Securities) 92846Q107 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 92846Q107 13G Page 2 of 5 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Verlinvest Beverages SA 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a)(b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Belgium NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 10,858,120 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 10,858,120 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,858,120 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 19.1% (1) 12. TYPE OF REPORTING PERSON (see instructions) CO (1) Based on 56,802,805 shares of common stock outstanding as of November 3, 2023 as stated in the Issuers prospectus supplement filed with the Securities and Exchange Commission on November 8, 2023. CUSIP No. 92846Q107 13G Page 3 of 5 Pages Item1. (a) Name of Issuer The Vita Coco Company, Inc. (b) Address of Issuers Principal Executive Offices 250 Park Avenue South Seventh Floor New York, NY 10003 Item2. (a) Name of Person Filing This Schedule 13G/A is being filed on behalf of Verlinvest Beverages SA, a company organized and existing under Belgian law. (b) Address of the Principal Office or, if none, residence Place Eugène Flagey 18 1050 Ixelles, Belgium (c) Citizenship Belgium (d) Title of Class of Securities Common stock, par value $0.01 per share. (e) CUSIP Number CUSIP number 92846Q107 has been assigned to the shares of common stock of the Issuer, which are quoted on the Nasdaq Global Select Market under the symbol COCO. Item3. Not applicable. Item4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 10,858,120 (b) Percent of class: 19.1% (1) CUSIP No. 92846Q107 13G Page 4 of 5 Pages (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 10,858,120 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 10,858,120 (iv) Shared power to dispose or to direct the disposition of 0 (1) Based on 56,802,805 shares of common stock outstanding as of November 3, 2023 as stated in the Issuers prospectus supplement filed with the Securities and Exchange Commission on November 8, 2023. Item5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. Item6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable. Item8. Identification and Classification of Members of the Group. Not applicable. Item9. Notice of Dissolution of Group. Not applicable. Item10. Certification. Not applicable. CUSIP No. 92846Q107 13G Page 5 of 5 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 2, 2024 Date Verlinvest Beverages SA /s/ Rafael Hulpiau /s/ Axelle Henry Name: Rafael Hulpiau Name: Axelle Henry Title: Joint Proxy-Holder Title: Joint Proxy-Holder