Steven G. Pizula - Jun 21, 2023 Form 4 Insider Report for Monster Beverage Corp (MNST)

Role: Director
Signature: Paul J. Dechary, attorney-in-fact
Stock symbol: MNST
Transactions as of: Jun 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/23/2023, 05:19 PM
Previous filing: Jun 15, 2022
Next filing: Jun 13, 2024

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	Restricted Stock Units	Options Exercise		-3.97K	-100%		0	Jun 21, 2023	Common Stock	3.97K		Direct	F1, F2, F3
transaction	MNST	Restricted Stock Units	Award	$0	+2.93K		$0.00	2.93K	Jun 22, 2023	Common Stock	2.93K		Direct	F3, F4, F5
transaction	MNST	Deferred Stock Units	Award		+3.97K	+29.88%		17.3K	Jun 21, 2023	Common Stock	3.97K		Direct	F1, F6, F7, F8, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date. These restricted stock units were settled as shares of common stock and the reporting person has elected to defer the same, see footnote 7 below.
F2	On March 27, 2023, the common stock of the Company split 2-for-1 (the "Stock Split"). As a result, 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.
F3	Not applicable.
F4	Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date.
F5	The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2024 annual stockholder meeting, provided that the reporting person continues as a director of the Company through such date.
F6	Each deferred stock unit is economically equivalent to one share of the Company's common stock.
F7	Deferred stock units credited to the reporting person under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors (the "Deferral Plan"), a sub-plan of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated on February 23, 2022, which may include voluntary deferred compensation.
F8	The deferred stock units credited under the Deferral Plan are settled (other than fractional units) in stock and are generally payable in the form elected or provided under the Deferral Plan on the earliest of: (i) a specified date or event designated by the reporting person, (ii) in the calendar year following the year in which the reporting person's service with the Board of Directors of the Company separates, or (iii) upon death, disability or change in control as defined under the Deferral Plan.
F9	Pursuant 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 deferred stock units (or the cash equivalent of such shares) were doubled.