Rodney C. Sacks - Mar 31, 2023 Form 4 Insider Report for Monster Beverage Corp (MNST)

Role
Chairman and Co-CEO, Director
Signature
Paul J. Dechary, attorney-in-fact
Stock symbol
MNST
Transactions as of
Mar 31, 2023
Transactions value $
-$55,060,470
Form type
4
Date filed
4/4/2023, 07:35 PM
Previous filing
Mar 14, 2023
Next filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNST Common Stock Options Exercise $200K +22.2K +1.57% $8.99 1.44M Mar 31, 2023 Direct F1
transaction MNST Common Stock Options Exercise $7.55M +840K +10057.47% $8.99 848K Mar 31, 2023 By Hilrod Holdings XV, L.P. F1, F2
transaction MNST Common Stock Tax liability -$26.3M -487K -57.4% $54.01 361K Mar 31, 2023 By Hilrod Holdings XV, L.P. F2
transaction MNST Common Stock Options Exercise $14.7M +1.64M $8.99 1.64M Mar 31, 2023 By Hilrod Holdings XVI, L.P. F2
transaction MNST Common Stock Tax liability -$51.2M -948K -57.98% $54.01 687K Mar 31, 2023 By Hilrod Holdings XVI, L.P. F2
holding MNST Common Stock 11.3M Mar 31, 2023 By Brandon Limited Partnership No. 1 F1, F2
holding MNST Common Stock 58.8M Mar 31, 2023 By Brandon Limited Partnership No. 2 F1, F2
holding MNST Common Stock 210K Mar 31, 2023 By Hilrod Holdings IV, L.P. F1, F2
holding MNST Common Stock 429K Mar 31, 2023 By Hilrod Holdings V, L.P. F1, F2
holding MNST Common Stock 647K Mar 31, 2023 By Hilrod Holdings VI, L.P. F1, F2
holding MNST Common Stock 240K Mar 31, 2023 By Hilrod Holdings VII, L.P. F1, F2
holding MNST Common Stock 1.14M Mar 31, 2023 By Hilrod Holdings VIII, L.P. F1, F2
holding MNST Common Stock 907K Mar 31, 2023 By Hilrod Holdings IX, L.P. F1, F2
holding MNST Common Stock 500K Mar 31, 2023 By Hilrod Holdings X, L.P. F1, F2
holding MNST Common Stock 1.01M Mar 31, 2023 By Hilrod Holdings XI, L.P. F1, F2
holding MNST Common Stock 654K Mar 31, 2023 By Hilrod Holdings XII, L.P. F1, F2
holding MNST Common Stock 2.88M Mar 31, 2023 By Hilrod Holdings XIII, L.P. F1, F2
holding MNST Common Stock 374K Mar 31, 2023 By Hilrod Holdings XIV, L.P. F1, F2
holding MNST Common Stock 674K Mar 31, 2023 By Hilrod Holdings XIX, L.P. F1, F2
holding MNST Common Stock 729K Mar 31, 2023 By Hilrod Holdings XX, L.P. F1, F2
holding MNST Common Stock 729K Mar 31, 2023 By Hilrod Holdings XXI, L.P. F1, F2
holding MNST Common Stock 1M Mar 31, 2023 By Hilrod Holdings XXII, L.P. F1, F2
holding MNST Common Stock 489K Mar 31, 2023 By Hilrod Holdings XXIV, L.P. F1, F2
holding MNST Common Stock 1.07M Mar 31, 2023 By Hilrod Holdings XXV, L.P. F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MNST Employee Stock Option (right to buy) Options Exercise $0 -22.2K -100% $0.00* 0 Mar 31, 2023 Common Stock 22.2K $8.99 Direct F3, F4
transaction MNST Employee Stock Option (right to buy) Options Exercise $0 -818K -100% $0.00* 0 Mar 31, 2023 Common Stock 818K $8.99 By Hilrod Holdings XVI, L.P. F2, F3, F4
transaction MNST Employee Stock Option (right to buy) Options Exercise $0 -420K -100% $0.00* 0 Mar 31, 2023 Common Stock 420K $8.99 By Hilrod Holdings XV, L.P. F2, F3, F4
holding MNST Employee Stock Option (right to buy) 8.56K Mar 31, 2023 Common Stock $11.68 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 840K Mar 31, 2023 Common Stock $11.68 By Hilrod Holdings XVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 309K Mar 31, 2023 Common Stock $11.68 By Hilrod Holdings XVIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 103K Mar 31, 2023 Common Stock $11.68 By Hilrod Holdings XXIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 4.43K Mar 31, 2023 Common Stock $22.58 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 158K Mar 31, 2023 Common Stock $22.58 By Hilrod Holdings XVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 312K Mar 31, 2023 Common Stock $22.58 By Hilrod Holdings XVIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 4.54K Mar 31, 2023 Common Stock $21.99 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 195K Mar 31, 2023 Common Stock $21.99 By Hilrod Holdings XVIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 431K Mar 31, 2023 Common Stock $21.99 By Hilrod Holdings XXVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 4.33K Mar 31, 2023 Common Stock $23.14 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 49.9K Mar 31, 2023 Common Stock $23.14 By Hilrod Holdings XVIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 154K Mar 31, 2023 Common Stock $23.14 By Hilrod Holdings XXIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 403K Mar 31, 2023 Common Stock $23.14 By Hilrod Holdings XXVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 3.4K Mar 31, 2023 Common Stock $29.37 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 173K Mar 31, 2023 Common Stock $29.37 By Hilrod Holdings XXIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 352K Mar 31, 2023 Common Stock $29.37 By Hilrod Holdings XXVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 194K Mar 31, 2023 Common Stock $29.84 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 194K Mar 31, 2023 Common Stock $29.84 By Hilrod Holdings XXIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 194K Mar 31, 2023 Common Stock $29.84 By Hilrod Holdings XXVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 213K Mar 31, 2023 Common Stock $31.20 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 170K Mar 31, 2023 Common Stock $31.20 By Hilrod Holdings XXIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 260K Mar 31, 2023 Common Stock $44.47 Direct F3, F5, F6
holding MNST Employee Stock Option (right to buy) 291K Mar 31, 2023 Common Stock $36.62 Direct F3, F5, F7
holding MNST Employee Stock Option (right to buy) 183K Mar 31, 2023 Common Stock $50.82 Direct F3, F5, F8
holding MNST Restricted Stock Units 25.3K Mar 31, 2023 Common Stock Direct F5, F9, F10, F11, F12
holding MNST Restricted Stock Units 61.5K Mar 31, 2023 Common Stock Direct F5, F9, F11, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 27, 2023, the common stock of the Company split 2-for-1 (the "Stock Split"). As a result, the reporting person received one additional share for every one share of common stock held prior to the Stock Split.
F2 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 VII, L.P., Hilrod Holdings VIII, L.P., Hilrod Holdings IX, L.P., Hilrod Holdings X, L.P., Hilrod Holdings XI, L.P., Hilrod Holdings XII, L.P., Hilrod Holdings XIII, L.P., Hilrod Holdings XIV, 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 XXII, 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.
F3 Due to the Stock Split, the number of shares allowed to be purchased by the reporting person were doubled and the exercise price per share was reduced by one-half.
F4 The options are currently vested.
F5 No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
F6 The options are currently vested with respect to 173,200 shares. The remaining options vest on March 12, 2024.
F7 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.
F8 The options vest in three equal installments on March 14, 2024, 2025 and 2026.
F9 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.
F10 The remaining restricted stock units vest on March 12, 2024.
F11 Not applicable.
F12 Due to the Stock Split, the number of shares of common stock to be settled by the Company and delivered to the reporting person under the Company's equity incentive compensation plans or agreements governing restricted stock units (or the cash equivalent of such shares) were doubled.
F13 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.

Remarks:

Due to limitations on number of entries per table, this Form 4 consists of two parts filed concurrently. Part I and Part II of the Reporting Person's Form 4 shall constitute one filing. This is Part I of II.