AI assistant
Monster Beverage Corp — Director's Dealing 2024
Mar 15, 2024
29955_dirs_2024-03-14_f016640b-498d-452f-a026-fdb746bad445.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Monster Beverage Corp (MNST)
CIK: 0000865752
Period of Report: 2024-03-12
Reporting Person: SCHLOSBERG HILTON H (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-12 | Common Stock | M | 25268 | — | Acquired | 1984881 | Direct |
| 2024-03-12 | Common Stock | F | 12806 | $59.82 | Disposed | 1972075 | Direct |
| 2024-03-13 | Common Stock | J | 240125 | — | Disposed | 1731950 | Direct |
| 2024-03-13 | Common Stock | J | 62331 | — | Acquired | 1794281 | Direct |
| 2024-03-13 | Common Stock | G | 673 | — | Disposed | 1793608 | Direct |
| 2024-03-13 | Common Stock | G | 252 | — | Disposed | 1793356 | Direct |
| 2024-03-14 | Common Stock | M | 30734 | — | Acquired | 1824090 | Direct |
| 2024-03-14 | Common Stock | M | 22532 | — | Acquired | 1846622 | Direct |
| 2024-03-14 | Common Stock | A | 198858 | — | Acquired | 2045480 | Direct |
| 2024-03-14 | Common Stock | F | 127778 | $60.3 | Disposed | 1917702 | Direct |
| 2024-03-13 | Common Stock | J | 106868 | — | Disposed | 0 | Indirect |
| 2024-03-13 | Common Stock | J | 218570 | — | Disposed | 0 | Indirect |
| 2024-03-13 | Common Stock | J | 647400 | — | Disposed | 0 | Indirect |
| 2024-03-13 | Common Stock | J | 579956 | — | Disposed | 0 | Indirect |
| 2024-03-13 | Common Stock | J | 462512 | — | Disposed | 0 | Indirect |
| 2024-03-13 | Common Stock | J | 771392 | — | Disposed | 0 | Indirect |
| 2024-03-13 | Common Stock | J | 673544 | — | Disposed | 0 | Indirect |
| 2024-03-13 | Common Stock | J | 729272 | — | Disposed | 0 | Indirect |
| 2024-03-13 | Common Stock | J | 729272 | — | Disposed | 0 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-14 | Employee Stock Option (right to buy) | $60.3 | A | 153500 | Acquired | 2034-03-14 | Common Stock (153500) | Direct |
| 2024-03-12 | Restricted Stock Units | $ | M | 25268 | Disposed | Common Stock (25268) | Direct | |
| 2024-03-14 | Restricted Stock Units | $ | M | 30734 | Disposed | Common Stock (30734) | Direct | |
| 2024-03-14 | Restricted Stock Units | $ | M | 22532 | Disposed | Common Stock (22532) | Direct | |
| 2024-03-14 | Restricted Stock Units | $ | A | 58000 | Acquired | Common Stock (58000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 11291136 | Indirect |
| Common Stock | 58773888 | Indirect |
| Common Stock | 361356 | Indirect |
| Common Stock | 438776 | Indirect |
| Common Stock | 82580 | Indirect |
| Common Stock | 489124 | Indirect |
| Common Stock | 268000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $22.58 | 2025-03-13 | Common Stock () | 4428 | Direct |
| 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 |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock as of the vesting date. Accordingly, these restricted stock units were settled in shares of common stock.
F2: Reflects the transfer of 240,125 shares owned directly by the reporting person to trusts (of which Sterling Trustees LLC is trustee) towards the satisfaction of a loan owing by the reporting person. 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.
F3: Reflects the sum of 2,096 shares distributed by Hilrod Holdings IV, L.P., 4,286 shares distributed by Hilrod Holdings V, L.P., 6,474 shares distributed by Hilrod Holdings VI, L.P., 11,372 shares distributed by Hilrod Holdings VIII, L.P., 9,068 shares distributed by Hilrod Holdings IX, L.P., 7,714 shares distributed by Hilrod Holdings XVI, L.P., , 6,735 shares distributed by Hilrod Holdings XIX, L.P., 7,293 shares distributed by Hilrod Holdings XX, L.P., and 7,293 shares distributed by Hilrod Holdings XXI, 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.
F4: Received upon the achievement of the vesting criteria applicable to performance share units granted under the Monster Beverage Corporation 2020 Omnibus Incentive Plan (the "2020 Omnibus Incentive Plan"), achievement of which was certified by the Compensation Committee of the Company's Board of Directors. Each performance share unit represents a contingent right to receive one share of the Company's common stock as of the applicable vesting date.
F5: 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.
F6: 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 XVI, L.P., Hilrod Holdings XIX, L.P., Hilrod Holdings XX, L.P., and Hilrod Holdings XXI, 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. 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 Rodney Sacks, 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.
F7: The options are currently vested.
F8: No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
F9: The options are currently vested with respect to 194,266 shares. The remaining options vest on March 14, 2025.
F10: The options are currently vested with respect to 61,000 shares. The remaining options vest in two equal installments on March 14, 2025 and 2026.
F11: The options vest in three installments as follows: 51,167 shares on March 14, 2025; 51,167 shares on March 14, 2026 and 51,166 shares on March 14, 2027.
F12: The restricted stock units were granted under the 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.
F13: The restricted stock units are fully vested.
F14: Not applicable.
F15: The remaining restricted stock units vest on March 14, 2025.
F16: The remaining restricted stock units vest in two equal installments on March 14, 2025 and March 14, 2026.
F17: The restricted stock units vest in three installments as follows: 19,333 units on March 14, 2025, 19,333 units on March 14, 2026 and 19,334 units on March 14, 2027.