Ibelis Montesino - Aug 28, 2023 Form 4 Insider Report for HERBALIFE LTD. (HLF)

Signature
Alaaeddine Sahibi, as Attorney-in-Fact for Ibelis Montesino
Stock symbol
HLF
Transactions as of
Aug 28, 2023
Transactions value $
-$153,015
Form type
4
Date filed
8/30/2023, 06:38 PM
Previous filing
Aug 8, 2023
Next filing
Nov 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLF Common Stock Tax liability -$54K -3.49K -2.34% $15.47 146K Aug 28, 2023 Direct F1
transaction HLF Common Stock Sale -$99K -6.6K -4.53% $14.99 139K Aug 30, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Units withheld to satisfy tax withholding obligations due in connection with the vesting of Restricted Stock Units previously granted to the Reporting Person on August 28, 2020.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2021.