SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HALL MARK J

(Last)

(First)

(Middle)

1 MONSTER WAY

(Street)

CORONA

92879

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Monster Beverage Corp [ MNST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/13/2023		M		1,400	A	⁽¹⁾	623,506	I	By MJCF Hall Family Trust⁽²⁾
Common Stock	03/14/2023		M		2,125	A	⁽¹⁾	625,631	I	By MJCF Hall Family Trust⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$45.16							⁽³⁾	03/13/2025	Common Stock	⁽⁴⁾		60,000	D
Employee Stock Option (right to buy)	$43.64							⁽³⁾	12/01/2026	Common Stock	⁽⁴⁾		60,000	D
Employee Stock Option (right to buy)	$58.73							⁽³⁾	03/14/2028	Common Stock	⁽⁴⁾		50,000	D
Employee Stock Option (right to buy)	$59.67							⁽⁵⁾	03/14/2029	Common Stock	⁽⁴⁾		25,000	D
Employee Stock Option (right to buy)	$62.39							⁽⁶⁾	03/13/2030	Common Stock	⁽⁴⁾		20,000	D
Employee Stock Option (right to buy)	$88.94							⁽⁷⁾	03/12/2031	Common Stock	⁽⁴⁾		20,000	D
Employee Stock Option (right to buy)	$73.23							⁽⁸⁾	03/14/2032	Common Stock	⁽⁴⁾		30,000	D
Employee Stock Option (right to buy)	$101.64	03/14/2023		A		30,000		⁽⁹⁾	03/14/2033	Common Stock	30,000	$0	30,000	D
Restricted Stock Units	⁽¹⁰⁾	03/14/2023		M			2,125	⁽¹¹⁾	⁽¹²⁾	Common Stock	2,125	$0	2,550	D
Restricted Stock Units	⁽¹⁰⁾	03/13/2023		M			1,400	⁽¹³⁾	⁽¹²⁾	Common Stock	1,400	$0	3,850	D

Explanation of Responses:

1. 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.

2. The reporting person serves as co-trustee of the MJCF Hall Family Trust, of which the reporting person and his wife are trustees and beneficiaries.

3. The options are fully vested.

4. No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.

5. The options are currently vested with respect to 17,500 shares. The remaining options vest on March 14, 2024.

6. The options are currently vested with respect to 9,000 shares. The remaining options vest in two installments as follows: 5,000 shares on March 13, 2024 and 6,000 shares on March 13, 2025.

7. The options are currently vested with respect to 5,000 shares. The remaining options vest in three installments as follows: 4,000 shares on March 12, 2024; 5,000 shares on March 12, 2025 and 6,000 shares on March 12, 2026.

8. The options are currently vested with respect to 3,000 shares. The remaining options vest in four installments as follows: 4,500 shares on March 14, 2024; 6,000 shares on March 14, 2025; 7,500 shares on March 14, 2026 and 9,000 shares on March 14, 2027.

9. The options vest in five installments as follows: 3,000 shares on March 14, 2024; 4,500 shares on March 14, 2025; 6,000 shares on March 14, 2026; 7,500 shares on March 14, 2027 and 9,000 shares on March 14, 2028.

10. The restricted stock units were granted under the Monster Beverage Corporation 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.

11. The remaining restricted stock units vest on March 14, 2024.

12. Not applicable.

13. The remaining restricted stock units vest in two installments as follows: 1,750 units on March 13, 2024 and 2,100 units on March 13, 2025.

	/s/ Paul J. Dechary, attorney-in-fact	03/14/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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