Ibelis Montesino - Jul 1, 2023 Form 3 Insider Report for HERBALIFE LTD. (HLF)

Role: EVP & Chief of Staff
Signature: Alaaeddine Sahibi, as Attorney-In-Fact for Ibelis Montesino
Stock symbol: HLF
Transactions as of: Jul 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 7/10/2023, 06:54 PM
Next filing: Aug 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HLF	Common Stock						145K	Jul 1, 2023	Direct	F1

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
holding	HLF	Stock Appreciation Rights							Jul 1, 2023	Common Stock	80K	$13.60	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Balance includes 144,619 unvested restricted stock units ("RSUs") previously granted to the Reporting Person, of which: 10,096 were granted on August 8, 2020, of which 100% will vest on August 8, 2023; 8,276 were granted on February 19, 2021, of which 20% vested on February 19, 2022, 20% vested on February 19, 2023, and 60% will vest on February 19, 2024; 10,920 were granted on February 25, 2022, of which 20% vested on February 25, 2023, 20% will vest on February 25, 2024, and 60% will vest on February 25, 2025; 14,236 were granted on November 2, 2022, of which 20% will vest on November 2, 2023, 20% will vest on November 2, 2024, and 60% will vest on November 2, 2025; 94,637 were granted on December 9, 2022 and will vest 100% on December 9, 2024; 11,948 were granted on May 4, 2023, that will vest in 1/3 increments on May 4, 2024, May 4, 2025, and May 4, 2026. All RSU vestings are subject to continued service through each applicable date.
F2	On May 4, 2023, the reporting person was granted 80,049 stock appreciation rights that will vest in 1/3 increments on May 4, 2024, May 4, 2025, and May 4, 2026.

Content

Balance includes 144,619 unvested restricted stock units ("RSUs") previously granted to the Reporting Person, of which: 10,096 were granted on August 8, 2020, of which 100% will vest on August 8, 2023; 8,276 were granted on February 19, 2021, of which 20% vested on February 19, 2022, 20% vested on February 19, 2023, and 60% will vest on February 19, 2024; 10,920 were granted on February 25, 2022, of which 20% vested on February 25, 2023, 20% will vest on February 25, 2024, and 60% will vest on February 25, 2025; 14,236 were granted on November 2, 2022, of which 20% will vest on November 2, 2023, 20% will vest on November 2, 2024, and 60% will vest on November 2, 2025; 94,637 were granted on December 9, 2022 and will vest 100% on December 9, 2024; 11,948 were granted on May 4, 2023, that will vest in 1/3 increments on May 4, 2024, May 4, 2025, and May 4, 2026. All RSU vestings are subject to continued service through each applicable date.

On May 4, 2023, the reporting person was granted 80,049 stock appreciation rights that will vest in 1/3 increments on May 4, 2024, May 4, 2025, and May 4, 2026.