Vita Coco Company, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. The Company did not sell any equity securities during the three months ended June 30, 2025 that were not registered under the Securities Act. The following table provides information regarding repurchases of our Common Stock during the three months ended June 30, 2025: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) Approximate Dollar Value of Shares That May be Purchased Under the Plans or Programs (In millions) April 1, 2025 - April 30, 2025 284,728 $30.04 867,947 $42.1 May 1, 2025 - May 31, 2025 — $— — $— June 1, 2025 - June 30, 2025 — $— — $— (1) On October 30, 2023, the Company's Board of Directors approved a share repurchase program ("Repurchase Program") authorizing the Company to repurchase up to $40.0 million of Common Stock, which was increased to a total of $65.0 million on April 28, 2025. Shares of Common Stock may be repurchased under the Repurchase Program from time to time through open market purchases, block trades, private transactions or accelerated or other structured share repurchase programs. To the extent not retired, shares of Common Stock repurchased under the Repurchase Program will be placed in the Company's treasury shares. The extent to which the Company repurchases shares of Common Stock and the timing of such repurchases will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations, as determined by the Company. The Repurchase Program has no time limits, and may be suspended or discontinued at any time. During the three months ended June 30, 2025, the Company repurchased 284,728 shares at a cost of $8.6 million under the Repurchase Program. Item 3. Defaults Upon Senior Securities. None. Item 4. Mine Safety Disclosures. Not applicable.