TY 2021 ReductionExplanationStatement
Robert W Woodruff Foundation Inc
As of December 31, 2021, the Foundation owned 50,832,813 shares of The Coca-Cola Company common stock. These represent approximately 1.18% of the total 4.325 billion shares outstanding. The fair value computed on the per-share price is not necessarliy what the Foundation would receive if a significant portion of the stock were sold because of the Foundation's large holding of the stock. The Foundation engaged an independent valuation consultant who calculated a blockage discount factor of 5.53%. The average monthly fair value of the shares based on the per-share price was $2,764,365,909 and the blockage discount was $152,869,435.$2,764,365,909 @ 5.53% = $152,869,435