HERBALIFE LTD. — Director's Dealing 2025

Nov 18, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2025-11-14

Reporting Person: Lamberti Frank (Chief Commercial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-14	Stock Appreciation Rights	$9.23	A	15182	Acquired	2035-11-14	Common Stock (15182)	Direct

Footnotes

F1: Consists of stock appreciation rights ("SARs") granted under the Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan. These SARs will vest in one-third increments on each of November 14, 2026, November 14, 2027, and November 14, 2028, subject to continued service through each applicable date.