Thomas J. Kelly - 12 May 2023 Form 4 Insider Report for Monster Beverage Corp (MNST)

Role
Chief Financial Officer
Signature
Paul J. Dechary, attorney-in-fact
Issuer symbol
MNST
Transactions as of
12 May 2023
Net transactions value
-$2,799,488
Form type
4
Filing time
16 May 2023, 17:01:20 UTC
Previous filing
14 Mar 2023
Next filing
27 Nov 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 $2,737,049 +93,192 +155% $29.37 153,248 12 May 2023 Direct F1
transaction MNST Common Stock Sale $5,536,537 -93,192 -61% $59.41 60,056 12 May 2023 Direct 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 -93,192 -93% $0.000000 6,808 12 May 2023 Common Stock 93,192 $29.37 Direct F3, F4
holding MNST Employee Stock Option (right to buy) 4,428 12 May 2023 Common Stock $22.58 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 4,542 12 May 2023 Common Stock $21.99 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 4 12 May 2023 Common Stock $21.82 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 10,000 12 May 2023 Common Stock $25.75 Direct F3, F5, F6
holding MNST Employee Stock Option (right to buy) 30,000 12 May 2023 Common Stock $29.84 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 24,000 12 May 2023 Common Stock $31.20 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 10,000 12 May 2023 Common Stock $44.47 Direct F3, F5, F7
holding MNST Employee Stock Option (right to buy) 20,000 12 May 2023 Common Stock $36.62 Direct F3, F5, F8
holding MNST Employee Stock Option (right to buy) 10,000 12 May 2023 Common Stock $50.82 Direct F3, F5, F9
holding MNST Employee Stock Option (right to buy) 10,000 12 May 2023 Common Stock $50.82 Direct F3, F5, F9
holding MNST Restricted Stock Units 934 12 May 2023 Common Stock Direct F5, F10, F11, F12, F13
holding MNST Restricted Stock Units 4,000 12 May 2023 Common Stock Direct F5, F10, F12, F13, F14
holding MNST Restricted Stock Units 3,400 12 May 2023 Common Stock Direct F5, F10, F12, F13, F15
* 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 This transaction was executed in multiple trades at prices ranging from $59.27 to $59.58. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
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 fully 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 6,668 shares. The remaining options vest on June 1, 2023.
F7 The options are currently vested with respect to 6,666 shares. The remaining options vest on March 12, 2024.
F8 The options are currently vested with respect to 6,666 shares. The remaining options vest in two installments as follows: 6,666 shares on March 14, 2024 and 6,668 shares on March 14, 2025.
F9 The options vest in three installments as follows: 3,332 shares on March 14, 2024; 3,334 shares on March 14, 2025 and 3,334 on March 14, 2026.
F10 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.
F11 The remaining restricted stock units vest on March 12, 2024.
F12 Not applicable.
F13 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.
F14 The remaining restricted stock units vest in two equal installments on March 14, 2024 and March 14, 2025.
F15 The restricted stock units vest in three installments as follows: 1,132 units on March 14, 2024; 1,134 units on March 14, 2025 and 1,134 units on March 14, 2026.