Rodney C. Sacks - Mar 12, 2024 Form 4 Insider Report for Monster Beverage Corp (MNST)

Signature
Paul J. Dechary, attorney-in-fact
Stock symbol
MNST
Transactions as of
Mar 12, 2024
Transactions value $
-$8,471,068
Form type
4
Date filed
3/14/2024, 09:32 PM
Previous filing
Jan 5, 2024
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNST Common Stock Options Exercise +25.3K +2.69% 964K Mar 12, 2024 Direct F1
transaction MNST Common Stock Tax liability -$766K -12.8K -1.33% $59.82 952K Mar 12, 2024 Direct
transaction MNST Common Stock Other $0 -672K -70.65% $0.00 279K Mar 13, 2024 Direct F2
transaction MNST Common Stock Other $0 +62.3K +22.32% $0.00 342K Mar 13, 2024 Direct F3
transaction MNST Common Stock Options Exercise +30.7K +9% 372K Mar 14, 2024 Direct F1
transaction MNST Common Stock Options Exercise +22.5K +6.05% 395K Mar 14, 2024 Direct F1
transaction MNST Common Stock Award $0 +199K +50.36% $0.00 594K Mar 14, 2024 Direct F4
transaction MNST Common Stock Tax liability -$7.71M -128K -21.52% $60.30 466K Mar 14, 2024 Direct
transaction MNST Common Stock Other $0 -107K -100% $0.00* 0 Mar 13, 2024 By Hilrod Holdings IV, L.P. F6
transaction MNST Common Stock Other $0 -219K -100% $0.00* 0 Mar 13, 2024 By Hilrod Holdings V, L.P. F6
transaction MNST Common Stock Other $0 -647K -100% $0.00* 0 Mar 13, 2024 By Hilrod Holdings VI, L.P. F6
transaction MNST Common Stock Other $0 -580K -100% $0.00* 0 Mar 13, 2024 By Hilrod Holdings VIII, L.P. F6
transaction MNST Common Stock Other $0 -463K -100% $0.00* 0 Mar 13, 2024 By Hilrod Holdings IX, L.P. F6
transaction MNST Common Stock Other $0 -771K -100% $0.00* 0 Mar 13, 2024 By Hilrod Holdings XVI, L.P. F6
transaction MNST Common Stock Other $0 -674K -100% $0.00* 0 Mar 13, 2024 By Hilrod Holdings XIX, L.P. F6
transaction MNST Common Stock Other $0 -729K -100% $0.00* 0 Mar 13, 2024 By Hilrod Holdings XX, L.P. F6
transaction MNST Common Stock Other $0 -729K -100% $0.00* 0 Mar 13, 2024 By Hilrod Holdings XXI, L.P. F6
holding MNST Common Stock 11.3M Mar 12, 2024 By Brandon Limited Partnership No. 1 F5
holding MNST Common Stock 58.8M Mar 12, 2024 By Brandon Limited Partnership No. 2 F5
holding MNST Common Stock 361K Mar 12, 2024 By Hilrod Holdings XV, L.P. F5
holding MNST Common Stock 439K Mar 12, 2024 By Hilrod Holdings XVIII, L.P. F5
holding MNST Common Stock 82.6K Mar 12, 2024 By Hilrod Holdings XXIII, L.P. F5
holding MNST Common Stock 489K Mar 12, 2024 By Hilrod Holdings XXIV, L.P. F5
holding MNST Common Stock 268K Mar 12, 2024 By Hilrod Holdings XXV, L.P. F5

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) Award $0 +154K $0.00 154K Mar 14, 2024 Common Stock 154K $60.30 Direct F11
transaction MNST Restricted Stock Units Options Exercise $0 -25.3K -100% $0.00* 0 Mar 12, 2024 Common Stock 25.3K Direct F12, F13, F14
transaction MNST Restricted Stock Units Options Exercise $0 -30.7K -50% $0.00 30.7K Mar 14, 2024 Common Stock 30.7K Direct F12, F14, F15
transaction MNST Restricted Stock Units Options Exercise $0 -22.5K -33.33% $0.00 45.1K Mar 14, 2024 Common Stock 22.5K Direct F12, F14, F16
transaction MNST Restricted Stock Units Award $0 +58K $0.00 58K Mar 14, 2024 Common Stock 58K Direct F12, F14, F17
holding MNST Employee Stock Option (right to buy) 4.43K Mar 12, 2024 Common Stock $22.58 Direct F7, F8
holding MNST Employee Stock Option (right to buy) 4.54K Mar 12, 2024 Common Stock $21.99 Direct F7, F8
holding MNST Employee Stock Option (right to buy) 195K Mar 12, 2024 Common Stock $21.99 By Hilrod Holdings XVIII, L.P. F5, F7, F8
holding MNST Employee Stock Option (right to buy) 431K Mar 12, 2024 Common Stock $21.99 By Hilrod Holdings XXVI, L.P. F5, F7, F8
holding MNST Employee Stock Option (right to buy) 4.33K Mar 12, 2024 Common Stock $23.14 Direct F7, F8
holding MNST Employee Stock Option (right to buy) 49.9K Mar 12, 2024 Common Stock $23.14 By Hilrod Holdings XVIII, L.P. F5, F7, F8
holding MNST Employee Stock Option (right to buy) 154K Mar 12, 2024 Common Stock $23.14 By Hilrod Holdings XXIII, L.P. F5, F7, F8
holding MNST Employee Stock Option (right to buy) 403K Mar 12, 2024 Common Stock $23.14 By Hilrod Holdings XXVI, L.P. F5, F7, F8
holding MNST Employee Stock Option (right to buy) 3.4K Mar 12, 2024 Common Stock $29.37 Direct F7, F8
holding MNST Employee Stock Option (right to buy) 173K Mar 12, 2024 Common Stock $29.37 By Hilrod Holdings XXIII, L.P. F5, F7, F8
holding MNST Employee Stock Option (right to buy) 352K Mar 12, 2024 Common Stock $29.37 By Hilrod Holdings XXVI, L.P. F5, F7, F8
holding MNST Employee Stock Option (right to buy) 194K Mar 12, 2024 Common Stock $29.84 Direct F7, F8
holding MNST Employee Stock Option (right to buy) 194K Mar 12, 2024 Common Stock $29.84 By Hilrod Holdings XXIII, L.P. F5, F7, F8
holding MNST Employee Stock Option (right to buy) 194K Mar 12, 2024 Common Stock $29.84 By Hilrod Holdings XXVI, L.P. F5, F7, F8
holding MNST Employee Stock Option (right to buy) 213K Mar 12, 2024 Common Stock $31.20 Direct F7, F8
holding MNST Employee Stock Option (right to buy) 170K Mar 12, 2024 Common Stock $31.20 By Hilrod Holdings XXIII, L.P. F5, F7, F8
holding MNST Employee Stock Option (right to buy) 260K Mar 12, 2024 Common Stock $44.47 Direct F7, F8
holding MNST Employee Stock Option (right to buy) 291K Mar 12, 2024 Common Stock $36.62 Direct F8, F9
holding MNST Employee Stock Option (right to buy) 183K Mar 12, 2024 Common Stock $50.82 Direct F8, F10
* 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 a contingent right to receive one share of the Company's common stock as of the vesting date. Accordingly, these restricted stock units were settled in shares of common stock.
F2 Reflects the transfer of 672,307 shares owned directly by the reporting person to trusts (of which Sterling Trustees LLC is trustee) towards the satisfaction of loans owing by the reporting person. The reporting person no longer has voting or dispositive power over, and therefore is not deemed to beneficially own, any of the shares held by these trusts for the benefit of certain family members of the reporting person.
F3 Reflects the sum of 2,096 shares distributed by Hilrod Holdings IV, L.P., 4,286 shares distributed by Hilrod Holdings V, L.P., 6,474 shares distributed by Hilrod Holdings VI, L.P., 11,372 shares distributed by Hilrod Holdings VIII, L.P., 9,068 shares distributed by Hilrod Holdings IX, L.P., 7,714 shares distributed by Hilrod Holdings XVI, L.P., 6,735 shares distributed by Hilrod Holdings XIX, L.P., 7,293 shares distributed by Hilrod Holdings XX, L.P., and 7,293 shares distributed by Hilrod Holdings XXI, L.P. to the reporting person. These shares were previously reported as indirectly beneficially owned by the reporting person due to his general partnership interest in the aforementioned entities.
F4 Received upon the achievement of the vesting criteria applicable to performance share units granted under the Monster Beverage Corporation 2020 Omnibus Incentive Plan (the "2020 Omnibus Incentive Plan"), achievement of which was certified by the Compensation Committee of the Company's Board of Directors. Each performance share unit represents a contingent right to receive one share of the Company's common stock as of the applicable vesting date.
F5 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 VIII, L.P., Hilrod Holdings IX, 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 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.
F6 Hilrod Holdings IV, L.P., Hilrod Holdings V, L.P., Hilrod Holdings VI, L.P., Hilrod Holdings VIII, L.P., Hilrod Holdings IX, L.P., Hilrod Holdings XVI, L.P., Hilrod Holdings XIX, L.P., Hilrod Holdings XX, L.P., and Hilrod Holdings XXI, L.P. distributed all shares to their general and limited partners based upon their partnership percentages. The reporting person received his pro rata share of the distributed shares, and such shares are now reflected as directly held by the reporting person. Limited partners' shares are held by trusts (of which Sterling Trustees LLC is trustee) for the benefit of certain family members of the reporting person and Hilton Schlosberg, respectively. The reporting person no longer has voting or dispositive power over, and therefore is not deemed to beneficially own, any of the shares held by these trusts.
F7 The options are currently vested.
F8 No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
F9 The options are currently vested with respect to 194,266 shares. The remaining options vest on March 14, 2025.
F10 The options are currently vested with respect to 61,000 shares. The remaining options vest in two equal installments on March 14, 2025 and 2026.
F11 The options vest in three installments as follows: 51,167 shares on March 14, 2025; 51,167 shares on March 14, 2026 and 51,166 shares on March 14, 2027.
F12 The restricted stock units were granted under the 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.
F13 The restricted stock units are fully vested.
F14 Not applicable.
F15 The remaining restricted stock units vest on March 14, 2025.
F16 The remaining restricted stock units vest in two equal installments on March 14, 2025 and March 14, 2026.
F17 The restricted stock units vest in three installments as follows: 19,333 units on March 14, 2025, 19,333 units on March 14, 2026 and 19,334 units on March 14, 2027.