HERBALIFE LTD. — Director's Dealing 2023

Jul 10, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2023-07-01

Reporting Person: Montesino Ibelis (EVP & Chief of Staff)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	144619	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Rights	$13.60	2033-05-04	Common Stock (80049)		Direct

Footnotes

F1: Balance includes 144,619 unvested restricted stock units ("RSUs") previously granted to the Reporting Person, of which: 10,096 were granted on August 8, 2020, of which 100% will vest on August 8, 2023; 8,276 were granted on February 19, 2021, of which 20% vested on February 19, 2022, 20% vested on February 19, 2023, and 60% will vest on February 19, 2024; 10,920 were granted on February 25, 2022, of which 20% vested on February 25, 2023, 20% will vest on February 25, 2024, and 60% will vest on February 25, 2025; 14,236 were granted on November 2, 2022, of which 20% will vest on November 2, 2023, 20% will vest on November 2, 2024, and 60% will vest on November 2, 2025; 94,637 were granted on December 9, 2022 and will vest 100% on December 9, 2024; 11,948 were granted on May 4, 2023, that will vest in 1/3 increments on May 4, 2024, May 4, 2025, and May 4, 2026.
All RSU vestings are subject to continued service through each applicable date.

F2: On May 4, 2023, the reporting person was granted 80,049 stock appreciation rights that will vest in 1/3 increments on May 4, 2024, May 4, 2025, and May 4,
2026.