Hilton H. Schlosberg - 24 Feb 2023 Form 4 Insider Report for Monster Beverage Corp (MNST)

Role: Vice Chairman and Co-CEO, Director
Signature: Paul J. Dechary, attorney-in-fact
Issuer symbol: MNST
Transactions as of: 24 Feb 2023
Net transactions value: -$4,541,422
Form type: 4
Filing time: 14 Mar 2023, 21:42:56 UTC
Previous filing: 02 Dec 2022
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MNST	Common Stock	Gift	$0	-195	-0.03%	$0.000000	684,040	24 Feb 2023	Direct
transaction	MNST	Common Stock	Options Exercise		+12,633	+1.8%		696,673	12 Mar 2023	Direct	F1
transaction	MNST	Common Stock	Tax liability	$628,404	-6,264	-0.9%	$100.32	690,409	12 Mar 2023	Direct
transaction	MNST	Common Stock	Options Exercise		+16,028	+2.3%		706,437	13 Mar 2023	Direct	F1
transaction	MNST	Common Stock	Tax liability	$797,243	-7,947	-1.1%	$100.32	698,490	13 Mar 2023	Direct
transaction	MNST	Common Stock	Options Exercise		+15,366	+2.2%		713,856	14 Mar 2023	Direct	F1
transaction	MNST	Common Stock	Tax liability	$774,395	-7,619	-1.1%	$101.64	706,237	14 Mar 2023	Direct
transaction	MNST	Common Stock	Award	$0	+46,461	+6.6%	$0.000000	752,698	14 Mar 2023	Direct	F2
transaction	MNST	Common Stock	Tax liability	$2,341,379	-23,036	-3.1%	$101.64	729,662	14 Mar 2023	Direct
holding	MNST	Common Stock						5,645,568	24 Feb 2023	By Brandon Limited Partnership No. 1	F3
holding	MNST	Common Stock						29,386,944	24 Feb 2023	By Brandon Limited Partnership No. 2	F3
holding	MNST	Common Stock						104,772	24 Feb 2023	By Hilrod Holdings IV, L.P.	F3
holding	MNST	Common Stock						214,284	24 Feb 2023	By Hilrod Holdings V, L.P.	F3
holding	MNST	Common Stock						323,700	24 Feb 2023	By Hilrod Holdings VI, L.P.	F3
holding	MNST	Common Stock						120,216	24 Feb 2023	By Hilrod Holdings VII, L.P.	F3
holding	MNST	Common Stock						568,584	24 Feb 2023	By Hilrod Holdings VIII, L.P.	F3
holding	MNST	Common Stock						453,444	24 Feb 2023	By Hilrod Holdings IX, L.P.	F3
holding	MNST	Common Stock						249,918	24 Feb 2023	By Hilrod Holdings X, L.P.	F3
holding	MNST	Common Stock						505,242	24 Feb 2023	By Hilrod Holdings XI, L.P.	F3
holding	MNST	Common Stock						327,186	24 Feb 2023	By Hilrod Holdings XII, L.P.	F3
holding	MNST	Common Stock						1,440,954	24 Feb 2023	By Hilrod Holdings XIII, L.P.	F3
holding	MNST	Common Stock						186,790	24 Feb 2023	By Hilrod Holdings XIV, L.P.	F3
holding	MNST	Common Stock						4,176	24 Feb 2023	By Hilrod Holdings XV, L.P.	F3
holding	MNST	Common Stock						336,772	24 Feb 2023	By Hilrod Holdings XIX, L.P.	F3
holding	MNST	Common Stock						364,636	24 Feb 2023	By Hilrod Holdings XX, L.P.	F3
holding	MNST	Common Stock						364,636	24 Feb 2023	By Hilrod Holdings XXI, L.P.	F3
holding	MNST	Common Stock						500,000	24 Feb 2023	By Hilrod Holdings XXII, L.P.	F3
holding	MNST	Common Stock						244,562	24 Feb 2023	By Hilrod Holdings XXIV, L.P.	F3
holding	MNST	Common Stock						534,000	24 Feb 2023	By Hilrod Holdings XXV, L.P.	F3

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	+91,500		$0.000000	91,500	14 Mar 2023	Common Stock	91,500	$101.64	Direct	F8
transaction	MNST	Restricted Stock Units	Options Exercise	$0	-16,028	-100%	$0.000000^*	0	13 Mar 2023	Common Stock	16,028		Direct	F9, F10, F11
transaction	MNST	Restricted Stock Units	Options Exercise	$0	-12,633	-50%	$0.000000	12,634	12 Mar 2023	Common Stock	12,633		Direct	F11, F12, F13
holding	MNST	Employee Stock Option (right to buy)						11,118	24 Feb 2023	Common Stock		$17.99	Direct	F4, F5
holding	MNST	Employee Stock Option (right to buy)						408,882	24 Feb 2023	Common Stock		$17.99	By Hilrod Holdings XVI, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						210,000	24 Feb 2023	Common Stock		$17.99	By Hilrod Holdings XV, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						4,281	24 Feb 2023	Common Stock		$23.35	Direct	F4, F5
holding	MNST	Employee Stock Option (right to buy)						420,000	24 Feb 2023	Common Stock		$23.35	By Hilrod Holdings XVI, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						154,302	24 Feb 2023	Common Stock		$23.35	By Hildrod Holdings XVIII, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						51,417	24 Feb 2023	Common Stock		$23.35	By Hilrod Holdings XXIII, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						2,214	24 Feb 2023	Common Stock		$45.16	Direct	F4, F5
holding	MNST	Employee Stock Option (right to buy)						79,200	24 Feb 2023	Common Stock		$45.16	By Hilrod Holdings XVI, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						156,186	24 Feb 2023	Common Stock		$45.16	By Hilrod Holdings XVIII, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						2,271	24 Feb 2023	Common Stock		$43.99	Direct	F4, F5
holding	MNST	Employee Stock Option (right to buy)						97,257	24 Feb 2023	Common Stock		$43.99	By Hilrod Holdings XVIII, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						215,472	24 Feb 2023	Common Stock		$43.99	By Hilrod Holdings XXVI, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						2,163	24 Feb 2023	Common Stock		$46.27	Direct	F4, F5
holding	MNST	Employee Stock Option (right to buy)						24,963	24 Feb 2023	Common Stock		$46.27	By Hilrod Holdings XVIII, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						76,871	24 Feb 2023	Common Stock		$46.27	By Hilrod Holdings XXIII, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						201,503	24 Feb 2023	Common Stock		$46.27	By Hilrod Holdings XXVI, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						1,702	24 Feb 2023	Common Stock		$58.73	Direct	F4, F5
holding	MNST	Employee Stock Option (right to buy)						86,298	24 Feb 2023	Common Stock		$58.73	By Hilrod Holdings XXIII, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						176,000	24 Feb 2023	Common Stock		$58.73	By Hilrod Holdings XXVI, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						97,200	24 Feb 2023	Common Stock		$59.67	Direct	F4, F5
holding	MNST	Employee Stock Option (right to buy)						97,200	24 Feb 2023	Common Stock		$59.67	By Hilrod Holdings XXIII, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						97,200	24 Feb 2023	Common Stock		$59.67	By Hilrod Holdings XXVI, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						106,334	24 Feb 2023	Common Stock		$62.39	Direct	F4, F5
holding	MNST	Employee Stock Option (right to buy)						85,066	24 Feb 2023	Common Stock		$62.39	By Hilrod Holdings XXIII, L.P.	F3, F4, F5
holding	MNST	Employee Stock Option (right to buy)						129,900	24 Feb 2023	Common Stock		$88.94	Direct	F5, F6
holding	MNST	Employee Stock Option (right to buy)						145,700	24 Feb 2023	Common Stock		$73.23	Direct	F5, F7

* 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	Received upon the achievement of the vesting criteria applicable to the third of three tranches of performance share units granted under the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the "2011 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.
F3	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 VII, L.P., Hilrod Holdings VIII, L.P., Hilrod Holdings IX, L.P., Hilrod Holdings X, L.P., Hilrod Holdings XI, L.P., Hilrod Holdings XII, L.P., Hilrod Holdings XIII, L.P., Hilrod Holdings XIV, 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 XXII, 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.
F4	The options are currently vested.
F5	No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
F6	The options are currently vested with respect to 86,600 shares. The remaining options vest on March 12, 2024.
F7	The options are currently vested with respect to 48,566 shares. The remaining options vest in two equal installments on March 14, 2024 and March 14, 2025.
F8	The options vest in three equal installments on March 14, 2024, 2025 and 2026.
F9	The restricted stock units were granted under the 2011 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.
F10	The restricted stock units are fully vested.
F11	Not applicable.
F12	The restricted stock units were granted under the Monster Beverage Corporation 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 remaining restricted stock units vest on March 12, 2024.

Remarks:

Due to limitations on number of entries per table, this Form 4 consists of two parts filed concurrently. Part I and Part II of the Reporting Person's Form 4 shall constitute one filing. This is Part I of II.