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

Role
Chief Financial Officer
Signature
Paul J. Dechary, attorney-in-fact
Stock symbol
MNST
Transactions as of
May 12, 2023
Transactions value $
-$2,799,488
Form type
4
Date filed
5/16/2023, 05:01 PM
Previous filing
Mar 14, 2023
Next filing
Nov 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNST Common Stock Options Exercise $2.74M +93.2K +155.18% $29.37 153K May 12, 2023 Direct F1
transaction MNST Common Stock Sale -$5.54M -93.2K -60.81% $59.41 60.1K May 12, 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 -93.2K -93.19% $0.00 6.81K May 12, 2023 Common Stock 93.2K $29.37 Direct F3, F4
holding MNST Employee Stock Option (right to buy) 4.43K May 12, 2023 Common Stock $22.58 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 4.54K May 12, 2023 Common Stock $21.99 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 4 May 12, 2023 Common Stock $21.82 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 10K May 12, 2023 Common Stock $25.75 Direct F3, F5, F6
holding MNST Employee Stock Option (right to buy) 30K May 12, 2023 Common Stock $29.84 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 24K May 12, 2023 Common Stock $31.20 Direct F3, F4, F5
holding MNST Employee Stock Option (right to buy) 10K May 12, 2023 Common Stock $44.47 Direct F3, F5, F7
holding MNST Employee Stock Option (right to buy) 20K May 12, 2023 Common Stock $36.62 Direct F3, F5, F8
holding MNST Employee Stock Option (right to buy) 10K May 12, 2023 Common Stock $50.82 Direct F3, F5, F9
holding MNST Employee Stock Option (right to buy) 10K May 12, 2023 Common Stock $50.82 Direct F3, F5, F9
holding MNST Restricted Stock Units 934 May 12, 2023 Common Stock Direct F5, F10, F11, F12, F13
holding MNST Restricted Stock Units 4K May 12, 2023 Common Stock Direct F5, F10, F12, F13, F14
holding MNST Restricted Stock Units 3.4K May 12, 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.