HERBALIFE LTD. — Director's Dealing 2025

May 12, 2025

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2025-05-01

Reporting Person: LEVY ROBERT (President - Worldwide Markets)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16309	Direct
Common Stock	433049	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Rights	$31.255	2026-05-09	Common Stock (43668)		Direct
Stock Appreciation Rights	$28.595	2027-02-27	Common Stock (45902)		Direct
Stock Appreciation Rights	$13.6	2033-05-04	Common Stock (80049)		Direct
Stock Appreciation Rights	$9.58	2034-05-03	Common Stock (98684)		Direct
Stock Appreciation Rights	$8.31	2035-02-21	Common Stock (63795)		Direct

Footnotes

F1: Balance includes 15,292 unvested restricted stock units ("RSUs") previously granted to the Reporting Person, of which: 11,948 were granted on May 4, 2023, of which 2/3 have vested, and 1/3 will vest on May 4, 2026; 16,962 were granted on May 3, 2024, of which 2/3 have vested, and 1/3 will vest on May 4, 2026.

F2: These stock appreciation rights were fully vested as of May 9, 2019.

F3: These stock appreciation rights were fully vested as of February 27, 2020.

F4: On May 4, 2023, the reporting person was granted 80,049 stock appreciation rights, of which 2/3 have vested, and 1/3 will vest on May 4, 2026.

F5: On May 3, 2024, the reporting person was granted 98,684 stock appreciation rights, of which 1/3 has vested, 1/3 will vest on May 3, 2026, and 1/3 will vest on May 3, 2027.

F6: On February 21, 2025, the reporting person was granted 63,795 stock appreciation rights that will vest in 1/3 increments on February 21, 2026, February 21, 2027, and February 21, 2028.