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).
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)
04/15/2021
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 04/15/2021 G(1) V 268,434 A $0 490,295 D
Common Stock 05/17/2021 G(2) V 180,122 D $0 310,173 D
Common Stock 05/17/2021 G(3) V 300,000 D $0 10,173 D
Common Stock 05/18/2021 G(1) V 161,755 A $0 171,928 D
Common Stock 05/19/2021 G(3) V 150,000 D $0 21,928 D
Common Stock 5,645,568 I By Brandon Limited Partnership No. 1(4)
Common Stock 29,386,944 I By Brandon Limited Partnership No. 2(4)
Common Stock 104,772 I By Hilrod Holdings IV, L.P.(4)
Common Stock 214,284 I By Hilrod Holdings V, L.P.(4)
Common Stock 323,700 I By Hilrod Holdings VI, L.P.(4)
Common Stock 120,216 I By Hilrod Holdings VII, L.P.(4)
Common Stock 568,584 I By Hilrod Holdings VIII, L.P.(4)
Common Stock 453,444 I By Hilrod Holdings IX, L.P.(4)
Common Stock 249,918 I By Hilrod Holdings X, L.P.(4)
Common Stock 505,242 I By Hilrod Holdings XI, L.P.(4)
Common Stock 327,186 I By Hilrod Holdings XII, L.P.(4)
Common Stock 1,440,954 I By Hilrod Holdings XIII, L.P.(4)
Common Stock 186,790 I By Hilrod Holdings XIV, L.P.(4)
Common Stock 4,176 I By Hilrod Holdings XV, L.P.(4)
Common Stock 988,386(5) I By Hilrod Holdings XVII, L.P.(4)
Common Stock 427,606 I By Hilrod Holdings XIX, L.P.(4)
Common Stock 731,566(6) I By Hilrod Holdings XX, L.P.(4)
Common Stock 731,566(7) I By Hilrod Holdings XXI, L.P.(4)
Common Stock 500,000 I By Hilrod Holdings XXII, L.P.(4)
Common Stock 05/17/2021 G(8) V 360,244 A $0 360,244 I By Hilrod Holdings XXIV, L.P.(4)
Common Stock 05/17/2021 G(9) V 900,000 A $0 900,000 I By Hilrod Holdings XXV, L.P.(4)
Common Stock 3,091,215 I By HHS 2010 GRAT #3(4)
Common Stock 28,722 I By HHS 2014 GRAT #2(4)
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) $17.99 (10) 06/03/2023 Common Stock (11) 11,118 D
Employee Stock Option (right to buy) $17.99 (10) 06/03/2023 Common Stock (11) 408,882 I By Hilrod Holdings XVI, L.P.(4)
Employee Stock Option (right to buy) $17.99 (10) 06/03/2023 Common Stock (11) 210,000 I By Hilrod Holdings XV, L.P.(4)
Employee Stock Option (right to buy) $23.35 05/17/2021 G(12) V 51,417 (10) 03/14/2024 Common Stock 51,417 $0 4,281 D
Employee Stock Option (right to buy) $23.35 (10) 03/14/2024 Common Stock (11) 420,000 I By Hilrod Holdings XVI, L.P.(4)
Employee Stock Option (right to buy) $23.35 (10) 03/14/2024 Common Stock (11) 154,302 I Hilrod Holdings XVIII, L.P.(4)
Employee Stock Option (right to buy) $23.35 (10) 03/14/2024 Common Stock 51,417 51,417 I By Hilrod Holdings XXIII, L.P.(4)
Employee Stock Option (right to buy) $45.16 (10) 03/13/2025 Common Stock (11) 2,214 D
Employee Stock Option (right to buy) $45.16 (10) 03/13/2025 Common Stock (11) 79,200 I By Hilrod Holdings XVI, L.P.(4)
Employee Stock Option (right to buy) $45.16 (10) 03/13/2025 Common Stock (11) 156,186 I By Hilrod Holdings XVIII, L.P.(4)
Employee Stock Option (right to buy) $43.99 (10) 03/14/2026 Common Stock (11) 2,271 D
Employee Stock Option (right to buy) $43.99 (10) 03/14/2026 Common Stock (11) 97,257 I By Hilrod Holdings XVIII, L.P.(4)
Employee Stock Option (right to buy) $43.99 (10) 03/14/2026 Common stock (11) 107,736 I By Hilrod Holdings XX, L.P.(4)
Employee Stock Option (right to buy) $43.99 (10) 03/14/2026 Common Stock (11) 107,736 I By Hilrod Holdings XXI, L.P.(4)
Employee Stock Option (right to buy) $46.27 05/17/2021 G(12) V 76,871 (10) 03/14/2027 Common Stock 76,871 $0 2,163 D
Employee Stock Option (right to buy) $46.27 (10) 03/14/2027 Common Stock (11) 24,963 I By Hilrod Holdings XVIII, L.P.(4)
Employee Stock Option (right to buy) $46.27 (10) 03/14/2027 Common Stock (11) 100,752 I By Hilrod Holdings XX, L.P.(4)
Employee Stock Option (right to buy) $46.27 (10) 03/14/2027 Common Stock (11) 100,751 I By Hilrod Holdings XXI, L.P.(4)
Employee Stock Option (right to buy) $46.27 (10) 03/14/2027 Common Stock 76,871 76,871 I By Hilrod Holdings XXIII, L.P.(4)
Employee Stock Option (right to buy) $58.73 05/17/2021 G(12) V 86,298 (10) 03/14/2028 Common Stock 86,298 $0 1,702 D
Employee Stock Option (right to buy) $58.73 (10) 03/14/2028 Common Stock (11) 88,000 I By Hilrod Holdings XX, L.P.(4)
Employee Stock Option (right to buy) $58.73 (10) 03/14/2028 Common Stock (11) 88,000 I By Hilrod Holdings XXI, L.P.(4)
Employee Stock Option (right to buy) $58.73 (10) 03/14/2028 Common Stock 86,298 86,298 I By Hilrod Holdings XXIII, L.P.(4)
Employee Stock Option (right to buy) $59.67 05/17/2021 G(12) V 97,200 (13) 03/14/2029 Common Stock 97,200 $0 97,200 D
Employee Stock Option (right to buy) $59.67 (10) 03/14/2029 Common Stock (11) 48,600 I By Hilrod Holdings XX, L.P.(4)
Employee Stock Option (right to buy) $59.67 (10) 03/14/2029 Common Stock (11) 48,600 I By Hilrod Holdings XXI, L.P.(4)
Employee Stock Option (right to buy) $59.67 (10) 03/14/2029 Common Stock 97,200 97,200 I By Hilrod Holdings XXIII, L.P.(4)
Employee Stock Option (right to buy) $62.39 05/17/2021 G(12) V 85,066 (14) 03/13/2030 Common Stock 85,066 $0 106,334 D
Employee Stock Option (right to buy) $62.39 (10) 03/13/2030 Common Stock 85,066 85,066 I By Hilrod Holdings XXIII, L.P.(4)
Employee Stock Option (right to buy) $88.94 (15) 03/12/2031 Common Stock (11) 129,900 D
Explanation of Responses:
1. As a result of the distribution of shares, which were previously reported as indirectly beneficially owned by the reporting person, as the proceeds of an in-kind annuity payment from an existing grantor retained annuity trust to the reporting person, the total amount of shares directly owned has increased.
2. Reflects the transfer of shares from the reporting person to Hilrod Holdings XXIV, L.P., of which the reporting person is one of the general partners and limited partners. The shares transferred to Hilrod Holdings XXIV, L.P. are indirectly beneficially owned by the reporting person.
3. Reflects the transfer of shares from the reporting person to Hilrod Holdings XXV, L.P., of which the reporting person is one of the general partners and limited partners. The shares transferred to Hilrod Holdings XXV, L.P. are indirectly beneficially owned by the reporting person.
4. The reporting person 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 XVII, 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. and Hilrod Holdings XXV, L.P. The reporting person is the trustee of each of HHS 2010 GRAT #3 and HHS 2014 GRAT #2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
5. Reflects the distribution of shares as the proceeds of an in-kind annuity payment from an existing grantor retained annuity trust and the transfer of shares directly to the reporting person as one of the general partners of Hilrod Holdings XVII, L.P. The shares received from the in-kind annuity payment and direct transfer are directly beneficially owned by the reporting person.
6. Reflects the distribution of shares as the proceeds of an in-kind annuity payment from an existing grantor retained annuity trust and the transfer of shares directly to the reporting person as one of the general partners of Hilrod Holdings XX, L.P. The shares received from the in-kind annuity payment and direct transfer are directly beneficially owned by the reporting person.
7. Reflects the distribution of shares as the proceeds of an in-kind annuity payment from an existing grantor retained annuity trust and the transfer of shares directly to the reporting person as one of the general partners of Hilrod Holdings XXI, L.P.. The shares received from the in-kind annuity payment and direct transfer are directly beneficially owned by the reporting person.
8. Reflects the transfer of shares from the reporting person and Hilton Schlosberg to Hilrod Holdings XXIV, L.P., of which the reporting person is one of the general partners and limited partners. The shares transferred to Hilrod Holdings XXIV, L.P. are indirectly beneficially owned by the reporting person.
9. Reflects the transfer of 600,000 shares on May 17, 2021 and 300,000 shares on May 19, 2021 from the reporting person and Hilton Schlosberg to Hilrod Holdings XXV, L.P., of which the reporting person is one of the general partners and limited partners. The shares transferred to Hilrod Holdings XXV, L.P. are indirectly beneficially owned by the reporting person.
10. The options are currently vested.
11. No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
12. Reflects the assignment of options from the reporting person to Hilrod Holdings XXIII, L.P., of which the reporting person is one of the general partners and limited partners. The options assigned to Hilrod Holdings XXIII, L.P. are indirectly beneficially owned by the reporting person.
13. The options are currently vested with respect to 97,200 shares. The remaining options vest on March 14, 2022.
14. The options are currently vested with respect to 85,066 shares. The remaining options vest in two installments as follows: 53,167 shares on March 13, 2022 and 53,167 shares on March 13, 2023.
15. The options vest in three equal installments on March 12, 2022, 2023 and 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.
Paul J. Dechary, attorney-in-fact 06/16/2021
** 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.