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Monster Beverage Corp — Director's Dealing 2023
Dec 16, 2023
29955_dirs_2023-12-15_63529f6a-88f4-4ca6-835b-4d33d29eb880.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Monster Beverage Corp (MNST)
CIK: 0000865752
Period of Report: 2023-12-13
Reporting Person: SACKS RODNEY C (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-13 | Common Stock | J | 950000 | — | Disposed | 862906 | Direct |
| 2023-12-13 | Common Stock | J | 84998 | — | Acquired | 947904 | Direct |
| 2023-12-13 | Common Stock | J | 102676 | — | Disposed | 106868 | Indirect |
| 2023-12-13 | Common Stock | J | 209998 | — | Disposed | 218570 | Indirect |
| 2023-12-13 | Common Stock | J | 557212 | — | Disposed | 579956 | Indirect |
| 2023-12-13 | Common Stock | J | 444376 | — | Disposed | 462512 | Indirect |
| 2023-12-13 | Common Stock | J | 499836 | — | Disposed | 0 | Indirect |
| 2023-12-13 | Common Stock | J | 1000000 | — | Disposed | 0 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 11291136 | Indirect |
| Common Stock | 58773888 | Indirect |
| Common Stock | 647400 | Indirect |
| Common Stock | 361356 | Indirect |
| Common Stock | 673544 | Indirect |
| Common Stock | 729272 | Indirect |
| Common Stock | 729272 | Indirect |
| Common Stock | 489124 | Indirect |
| Common Stock | 268000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $11.68 | 2024-03-14 | Common Stock () | 8562 | Direct |
| Employee Stock Option (right to buy) | $11.68 | 2024-03-14 | Common Stock () | 840000 | Indirect |
| Employee Stock Option (right to buy) | $11.68 | 2024-03-14 | Common Stock () | 308604 | Indirect |
| Employee Stock Option (right to buy) | $11.68 | 2024-03-14 | Common Stock () | 102834 | Indirect |
| Employee Stock Option (right to buy) | $22.58 | 2025-03-13 | Common Stock () | 4428 | Direct |
| Employee Stock Option (right to buy) | $22.58 | 2025-03-13 | Common Stock () | 158400 | Indirect |
| Employee Stock Option (right to buy) | $22.58 | 2025-03-13 | Common Stock () | 312372 | Indirect |
| Employee Stock Option (right to buy) | $21.99 | 2026-03-14 | Common Stock () | 4542 | Direct |
| Employee Stock Option (right to buy) | $21.99 | 2026-03-14 | Common Stock () | 194514 | Indirect |
| Employee Stock Option (right to buy) | $21.99 | 2026-03-14 | Common Stock () | 430944 | Indirect |
| Employee Stock Option (right to buy) | $23.14 | 2027-03-14 | Common Stock () | 4326 | Direct |
| Employee Stock Option (right to buy) | $23.14 | 2027-03-14 | Common Stock () | 49926 | Indirect |
| Employee Stock Option (right to buy) | $23.14 | 2027-03-14 | Common Stock () | 153742 | Indirect |
| Employee Stock Option (right to buy) | $23.14 | 2027-03-14 | Common Stock () | 403006 | Indirect |
| Employee Stock Option (right to buy) | $29.37 | 2028-03-14 | Common Stock () | 3404 | Direct |
| Employee Stock Option (right to buy) | $29.37 | 2028-03-14 | Common Stock () | 172596 | Indirect |
| Employee Stock Option (right to buy) | $29.37 | 2028-03-14 | Common Stock () | 352000 | Indirect |
| Employee Stock Option (right to buy) | $29.84 | 2029-03-14 | Common Stock () | 194400 | Direct |
| Employee Stock Option (right to buy) | $29.84 | 2029-03-14 | Common Stock () | 194400 | Indirect |
| Employee Stock Option (right to buy) | $29.84 | 2029-03-14 | Common Stock () | 194400 | Indirect |
| Employee Stock Option (right to buy) | $31.2 | 2030-03-13 | Common Stock () | 212668 | Direct |
| Employee Stock Option (right to buy) | $31.2 | 2030-03-13 | Common Stock () | 170132 | Indirect |
| Employee Stock Option (right to buy) | $44.47 | 2031-03-12 | Common Stock () | 259800 | Direct |
| Employee Stock Option (right to buy) | $36.62 | 2032-03-14 | Common Stock () | 291400 | Direct |
| Employee Stock Option (right to buy) | $50.82 | 2033-03-14 | Common Stock () | 183000 | Direct |
| Restricted Stock Units | $ | Common Stock () | 25268 | Direct | |
| Restricted Stock Units | $ | Common Stock () | 61468 | Direct | |
| Restricted Stock Units | $ | Common Stock () | 67600 | Direct |
Footnotes
F1: Reflects the transfer of 950,000 shares owned directly by the reporting person to trusts (of which Sterling Trustees LLC is trustee) as an in-kind payment for certain loans. The reporting person no longer has voting or dispositive power over, and therefore is not deemed to beneficially own, any of the shares held by these trusts for the benefit of certain family members of the reporting person.
F2: Reflects the sum of 4,998 shares distributed by Hilrod Holdings X, L.P. and 80,000 shares distributed by Hilrod Holdings XXII, L.P. to the reporting person. These shares were previously reported as indirectly beneficially owned by the reporting person due to his general partnership interest in the aforementioned entities.
F3: Reporting person (i) is one of the general partners of each of Brandon Limited Partnership No. 1, Brandon Limited Partnership No. 2, Hilrod Holdings IV, L.P., Hilrod Holdings V, L.P., Hilrod Holdings VI, L.P., Hilrod Holdings VIII, L.P., Hilrod Holdings IX, L.P., Hilrod Holdings XV, L.P., Hilrod Holdings XVI, L.P., Hilrod Holdings XVIII, L.P., Hilrod Holdings XIX, L.P., Hilrod Holdings XX, L.P., Hilrod Holdings XXI, L.P., Hilrod Holdings XXIII, L.P., Hilrod Holdings XXIV, L.P., Hilrod Holdings XXV, L.P. and Hilrod Holdings XXVI, L.P. and (ii) disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F4: Hilrod Holdings IV, L.P., Hilrod Holdings V, L.P., Hilrod Holdings VIII, L.P., and Hilrod Holdings IX, L.P. distributed shares to trusts (of which Sterling Trustees LLC is trustee) in partial redemption of such trusts' limited partnership interests in such entities. The reporting person no longer has voting or dispositive power over, and therefore is not deemed to beneficially own, any of the distributed shares held by these trusts.
F5: Hilrod Holdings X, L.P. and Hilrod Holdings XXII, L.P. distributed all shares to their general and limited partners based upon their partnership percentages. The reporting person received his pro rata share of the distributed shares, and such shares are now reflected as directly held by the reporting person. Certain limited partners' shares are held by trusts (of which Sterling Trustees LLC is trustee) for the benefit of certain family members of the reporting person and Hilton Schlosberg, respectively. The reporting person no longer has voting or dispositive power over, and therefore is not deemed to beneficially own, any of the shares held by these trusts.
F6: The options are currently vested.
F7: No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
F8: The options are currently vested with respect to 173,200 shares. The remaining options vest on March 12, 2024.
F9: The options are currently vested with respect to 97,132 shares. The remaining options vest in two equal installments on March 14, 2024 and March 14, 2025.
F10: The options vest in three equal installments on March 14, 2024, 2025 and 2026.
F11: The restricted stock units were granted under the Monster Beverage Corporation 2020 Omnibus Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock as of the vesting date.
F12: The remaining restricted stock units vest on March 12, 2024.
F13: Not applicable.
F14: The remaining restricted stock units vest in two installments as follows: 30,734 units on March 14, 2024 and 30,734 units on March 14, 2025.
F15: The restricted stock units vest in three installments as follows: 22,532 units on March 14, 2024, 22,534 units on March 14, 2025 and 22,534 units on March 14, 2026.