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

Role
Chairman and Co-CEO, Director
Signature
Paul J. Dechary, attorney-in-fact
Issuer symbol
MNST
Transactions as of
31 Mar 2023
Net transactions value
-$55,060,470
Form type
4
Filing time
04 Apr 2023, 19:35:57 UTC
Previous filing
14 Mar 2023
Next filing
14 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNST Common Stock Options Exercise $199,902 +22,236 +1.6% $8.99 1,441,822 31 Mar 2023 Direct F1
transaction MNST Common Stock Options Exercise $7,551,600 +840,000 +10057% $8.99 848,352 31 Mar 2023 By Hilrod Holdings XV, L.P. F1, F2
transaction MNST Common Stock Tax liability $26,302,654 -486,996 -57% $54.01 361,356 31 Mar 2023 By Hilrod Holdings XV, L.P. F2
transaction MNST Common Stock Options Exercise $14,703,397 +1,635,528 $8.99 1,635,528 31 Mar 2023 By Hilrod Holdings XVI, L.P. F2
transaction MNST Common Stock Tax liability $51,212,714 -948,208 -58% $54.01 687,320 31 Mar 2023 By Hilrod Holdings XVI, L.P. F2
holding MNST Common Stock 11,291,136 31 Mar 2023 By Brandon Limited Partnership No. 1 F1, F2
holding MNST Common Stock 58,773,888 31 Mar 2023 By Brandon Limited Partnership No. 2 F1, F2
holding MNST Common Stock 209,544 31 Mar 2023 By Hilrod Holdings IV, L.P. F1, F2
holding MNST Common Stock 428,568 31 Mar 2023 By Hilrod Holdings V, L.P. F1, F2
holding MNST Common Stock 647,400 31 Mar 2023 By Hilrod Holdings VI, L.P. F1, F2
holding MNST Common Stock 240,432 31 Mar 2023 By Hilrod Holdings VII, L.P. F1, F2
holding MNST Common Stock 1,137,168 31 Mar 2023 By Hilrod Holdings VIII, L.P. F1, F2
holding MNST Common Stock 906,888 31 Mar 2023 By Hilrod Holdings IX, L.P. F1, F2
holding MNST Common Stock 499,836 31 Mar 2023 By Hilrod Holdings X, L.P. F1, F2
holding MNST Common Stock 1,010,484 31 Mar 2023 By Hilrod Holdings XI, L.P. F1, F2
holding MNST Common Stock 654,372 31 Mar 2023 By Hilrod Holdings XII, L.P. F1, F2
holding MNST Common Stock 2,881,908 31 Mar 2023 By Hilrod Holdings XIII, L.P. F1, F2
holding MNST Common Stock 373,580 31 Mar 2023 By Hilrod Holdings XIV, L.P. F1, F2
holding MNST Common Stock 673,544 31 Mar 2023 By Hilrod Holdings XIX, L.P. F1, F2
holding MNST Common Stock 729,272 31 Mar 2023 By Hilrod Holdings XX, L.P. F1, F2
holding MNST Common Stock 729,272 31 Mar 2023 By Hilrod Holdings XXI, L.P. F1, F2
holding MNST Common Stock 1,000,000 31 Mar 2023 By Hilrod Holdings XXII, L.P. F1, F2
holding MNST Common Stock 489,124 31 Mar 2023 By Hilrod Holdings XXIV, L.P. F1, F2
holding MNST Common Stock 1,068,000 31 Mar 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 -22,236 -100% $0.000000* 0 31 Mar 2023 Common Stock 22,236 $8.99 Direct F3, F4
transaction MNST Employee Stock Option (right to buy) Options Exercise $0 -817,764 -100% $0.000000* 0 31 Mar 2023 Common Stock 817,764 $8.99 By Hilrod Holdings XVI, L.P. F2, F3, F4
transaction MNST Employee Stock Option (right to buy) Options Exercise $0 -420,000 -100% $0.000000* 0 31 Mar 2023 Common Stock 420,000 $8.99 By Hilrod Holdings XV, L.P. F2, F3, F4
holding MNST Employee Stock Option (right to buy) 8,562 31 Mar 2023 Common Stock $11.68 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 840,000 31 Mar 2023 Common Stock $11.68 By Hilrod Holdings XVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 308,604 31 Mar 2023 Common Stock $11.68 By Hilrod Holdings XVIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 102,834 31 Mar 2023 Common Stock $11.68 By Hilrod Holdings XXIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 4,428 31 Mar 2023 Common Stock $22.58 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 158,400 31 Mar 2023 Common Stock $22.58 By Hilrod Holdings XVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 312,372 31 Mar 2023 Common Stock $22.58 By Hilrod Holdings XVIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 4,542 31 Mar 2023 Common Stock $21.99 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 194,514 31 Mar 2023 Common Stock $21.99 By Hilrod Holdings XVIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 430,944 31 Mar 2023 Common Stock $21.99 By Hilrod Holdings XXVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 4,326 31 Mar 2023 Common Stock $23.14 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 49,926 31 Mar 2023 Common Stock $23.14 By Hilrod Holdings XVIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 153,742 31 Mar 2023 Common Stock $23.14 By Hilrod Holdings XXIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 403,006 31 Mar 2023 Common Stock $23.14 By Hilrod Holdings XXVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 3,404 31 Mar 2023 Common Stock $29.37 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 172,596 31 Mar 2023 Common Stock $29.37 By Hilrod Holdings XXIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 352,000 31 Mar 2023 Common Stock $29.37 By Hilrod Holdings XXVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 194,400 31 Mar 2023 Common Stock $29.84 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 194,400 31 Mar 2023 Common Stock $29.84 By Hilrod Holdings XXIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 194,400 31 Mar 2023 Common Stock $29.84 By Hilrod Holdings XXVI, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 212,668 31 Mar 2023 Common Stock $31.20 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 170,132 31 Mar 2023 Common Stock $31.20 By Hilrod Holdings XXIII, L.P. F2, F3, F4, F5
holding MNST Employee Stock Option (right to buy) 259,800 31 Mar 2023 Common Stock $44.47 Direct F3, F5, F6
holding MNST Employee Stock Option (right to buy) 291,400 31 Mar 2023 Common Stock $36.62 Direct F3, F5, F7
holding MNST Employee Stock Option (right to buy) 183,000 31 Mar 2023 Common Stock $50.82 Direct F3, F5, F8
holding MNST Restricted Stock Units 25,268 31 Mar 2023 Common Stock Direct F5, F9, F10, F11, F12
holding MNST Restricted Stock Units 61,468 31 Mar 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.