Mark Vidergauz - Jun 11, 2024 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 11, 2024
Transactions value $
-$781,801
Form type
4
Date filed
6/13/2024, 09:20 PM
Previous filing
Jan 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNST Common Stock Sale -$407K -8K -9.61% $50.84 75.2K Jun 11, 2024 Direct F1
transaction MNST Common Stock Sale -$375K -7.08K -9.41% $53.00 68.2K Jun 11, 2024 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 Restricted Stock Units Options Exercise -2.93K -100% 0 Jun 12, 2024 Common Stock 2.93K Direct F3, F4
transaction MNST Restricted Stock Units Award $0 +3.59K $0.00 3.59K Jun 13, 2024 Common Stock 3.59K Direct F4, F5, F6
transaction MNST Deferred Stock Units Award +2.93K 2.93K Jun 12, 2024 Common Stock 2.93K Direct F3, F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $50.84 to $50.85. 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.
F2 Represents shares tendered by the reporting person and accepted for purchase by the Company in the modified "Dutch auction" tender offer commenced by the Company on May 8, 2024. The Company announced the final results of the tender offer on June 10, 2024.
F3 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 8 below.
F4 Not applicable.
F5 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.
F6 The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2025 annual stockholder meeting, provided that the reporting person continues as a director of the Company through such date.
F7 Each deferred stock unit is economically equivalent to one share of the Company's common stock.
F8 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.
F9 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.