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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
SACKS RODNEY C

(Last) (First) (Middle)
1 MONSTER WAY

(Street)
CORONA CA 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
X Officer (give title below) Other (specify below)
Chairman and Co-CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/29/2024
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)
Code V Amount (A) or (D) Price
Common Stock 08/29/2024 G 2,117 D $0 285,193 D
Common Stock 100,000 I By RCS1, LLC(1)
Common Stock 11,291,136 I By Brandon Limited Partnership No. 1(2)
Common Stock 58,773,888 I By Brandon Limited Partnership No. 2(2)
Common Stock 276,109 I By Hilrod Holdings XV, L.P.(2)
Common Stock 231,754 I By Hilrod Holdings XVIII, L.P.(2)
Common Stock 43,618 I By Hilrod Holdings XXIII, L.P.(2)
Common Stock 489,124 I By Hilrod Holdings XXIV, L.P.(2)
Common Stock 268,000 I By Hilrod Holdings XXV, L.P.(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $22.58 (3) 03/13/2025 Common Stock (4) 4,428 D
Employee Stock Option (right to buy) $21.99 (3) 03/14/2026 Common Stock (4) 4,542 D
Employee Stock Option (right to buy) $21.99 (3) 03/14/2026 Common Stock (4) 194,514 I By Hilrod Holdings XVIII, L.P.(2)
Employee Stock Option (right to buy) $21.99 (3) 03/14/2026 Common Stock (4) 430,944 I By Hilrod Holdings XXVI, L.P.(2)
Employee Stock Option (right to buy) $23.14 (3) 03/14/2027 Common Stock (4) 4,326 D
Employee Stock Option (right to buy) $23.14 (3) 03/14/2027 Common Stock (4) 49,926 I By Hilrod Holdings XVIII, L.P.(2)
Employee Stock Option (right to buy) $23.14 (3) 03/14/2027 Common Stock (4) 153,742 I By Hilrod Holdings XXIII, L.P.(2)
Employee Stock Option (right to buy) $23.14 (3) 03/14/2027 Common Stock (4) 403,006 I By Hilrod Holdings XXVI, L.P.(2)
Employee Stock Option (right to buy) $29.37 (3) 03/14/2028 Common Stock (4) 3,404 D
Employee Stock Option (right to buy) $29.37 (3) 03/14/2028 Common Stock (4) 172,596 I By Hilrod Holdings XXIII, L.P.(2)
Employee Stock Option (right to buy) $29.37 (3) 03/14/2028 Common Stock (4) 352,000 I By Hilrod Holdings XXVI, L.P.(2)
Employee Stock Option (right to buy) $29.84 (3) 03/14/2029 Common Stock (4) 194,400 D
Employee Stock Option (right to buy) $29.84 (3) 03/14/2029 Common Stock (4) 194,400 I By Hilrod Holdings XXIII, L.P.(2)
Employee Stock Option (right to buy) $29.84 (3) 03/14/2029 Common Stock (4) 194,400 I By Hilrod Holdings XXVI, L.P.(2)
Employee Stock Option (right to buy) $31.2 (3) 03/13/2030 Common Stock (4) 212,668 D
Employee Stock Option (right to buy) $31.2 (3) 03/13/2030 Common Stock (4) 170,132 I By Hilrod Holdings XXIII, L.P.(2)
Employee Stock Option (right to buy) $44.47 (3) 03/12/2031 Common Stock (4) 259,800 D
Employee Stock Option (right to buy) $36.62 (5) 03/14/2032 Common Stock (4) 291,400 D
Employee Stock Option (right to buy) $50.82 (6) 03/14/2033 Common Stock (4) 183,000 D
Employee Stock Option (right to buy) $60.3 (7) 03/14/2034 Common Stock (4) 153,500 D
Restricted Stock Units (8) (9) (10) Common Stock (4) 30,734 D
Restricted Stock Units (8) (11) (10) Common Stock (4) 45,068 D
Restricted Stock Units (8) (12) (10) Common Stock (4) 58,000 D
Explanation of Responses:
1. All shares were owned directly by the reporting person, which were transferred to a limited liability company of which the reporting person is the managing member through his personal trust.
2. Reporting person (i) is one of the general partners of each of Brandon Limited Partnership No. 1, Brandon Limited Partnership No. 2, Hilrod Holdings XV, L.P., Hilrod Holdings XVIII, 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.
3. The options are currently 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 194,266 shares. The remaining options vest on March 14, 2025.
6. The options are currently vested with respect to 61,000 shares. The remaining options vest in two equal installments on March 14, 2025 and 2026.
7. The options vest in three installments as follows: 51,167 shares on March 14, 2025; 51,167 shares on March 14, 2026 and 51,166 shares on March 14, 2027.
8. 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.
9. The remaining restricted stock units vest on March 14, 2025.
10. Not applicable.
11. The remaining restricted stock units vest in two equal installments on March 14, 2025 and March 14, 2026.
12. The restricted stock units vest in three installments as follows: 19,333 units on March 14, 2025, 19,333 units on March 14, 2026 and 19,334 units on March 14, 2027.
Paul J. Dechary, attorney-in-fact 08/30/2024
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.