ARROYO MANUEL

EVP Manuel Arroyo sold 139,689 shares of Coca Cola (KO) at $70.80 for $9.9M, reducing stake by 70.6%

Manuel Arroyo, Executive Vice President at Coca Cola, divested 139,689 shares at $70.80 on 2025-11-14, reducing his holdings from 197,756 shares to 58,067 shares—a 70.6% reduction in his position. The transaction value of $9.9M represents a significant liquidation by an executive officer. Arroyo's prior four sales at this ticker (2023-05-09, 2023-05-10, 2024-08-07 twice) were all well-timed at the 90-day mark, showing a consistent 100% rate of selling before subsequent declines; his cross-ticker track record also demonstrates a 90-day well-timed rate of 100.00%. This current sale at $70.80, while 4.4% below the 52-week high of $73.90, comes in a context where his historical sell decisions have been consistently vindicated by subsequent price action, though the 30-day return since transaction date (+3.3%) shows strength in the near term.

EVP Arroyo sells 27.5K KO shares for $1.9M at $68.22 avg; retains 145.6K shares post-sale

Manuel Arroyo, Executive Vice President, executed 2 separate sales totaling 27,509 shares for $1,876,669.77 at a blended average price of $68.22, leaving him with 145,583 shares. This represents a 15.9% reduction in his pre-transaction holdings of 173,092 shares. The transaction occurred near the 52-week high of $69.33 (current price $68.68 is -0.9% from that peak), and the sale price of $68.22 is slightly below the current market price. His prior 2 sales at KO (May 2023) both showed negative 90-day returns (-4.1% and -3.5%), and his cross-ticker track record shows a 100% well-timed selling rate at the 90-day mark with an average 90-day return of -3.8% across 2 prior sells. The stock has appreciated 9.3% over 30 days and 8.6% over 90 days from the transaction date, indicating this particular sale does not yet align with his historical pattern of selling into declines.