Herbalife CFO reports holding 2,500 common shares

The SARs vest in one-third increments on November 10, 2026, November 10, 2027, and November 10, 2028, subject to continued employment through each date.

Available on EDGAR 11/06/2026 - 04:44 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:43 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Herbalife Ltd. reports Chief Financial Officer Scott Stephen Schaefer's direct holdings of 2,500 common shares, held in a joint tenancy with his spouse, and 61,983 stock appreciation rights. The rights were granted November 10, 2025 under Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan. They vest in one-third increments on November 10, 2026, November 10, 2027, and November 10, 2028, subject to continued employment through each date. They have a $9.05 exercise price and expire November 10, 2035.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Schaefer Scott Stephen

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Holding	Stock Appreciation Rights F2	--	--	--
Holding	Common Stock F1	--	--	--

Holdings: Stock Appreciation Rights — 61,983 contracts (Direct); Common Stock — 2,500 shares (Direct)

Footnotes (2)

1. F1. The reported shares are held in a joint tenancy with right of survivorship account with the reporting person's spouse.
2. F2. On November 10, 2025, the reporting person was granted 61,983 stock appreciation rights ("SARs") under Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan. These SARs will vest in one-third increments on November 10, 2026, November 10, 2027, and November 10, 2028, subject to continued employment through such date.

Key Figures

Common shares: 2,500 shares Stock appreciation rights: 61,983 rights Exercise price: $9.05 +2 more

5 metrics

Common shares 2,500 shares Direct holdings in a joint tenancy account with his spouse

Stock appreciation rights 61,983 rights Granted November 10, 2025

Exercise price $9.05 Stock appreciation rights

Vesting dates November 10, 2026; November 10, 2027; November 10, 2028 One-third increments, subject to continued employment through each date

Expiration date November 10, 2035 Stock appreciation rights

Key Terms

Stock Appreciation Rights, joint tenancy with right of survivorship, vest in one-third increments, Amended and Restated 2023 Stock Incentive Plan

4 terms

Stock Appreciation Rights financial

"61,983 stock appreciation rights ("SARs")"

Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.

joint tenancy with right of survivorship technical

"held in a joint tenancy with right of survivorship account"

vest in one-third increments financial

"will vest in one-third increments on November 10, 2026"

Amended and Restated 2023 Stock Incentive Plan financial

"under Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many HLF common shares does CFO Scott Stephen Schaefer report?

He reports 2,500 common shares held in a joint tenancy with right of survivorship account with his spouse.

What are the vesting terms for Scott Stephen Schaefer's HLF stock appreciation rights?

The reported 61,983 stock appreciation rights were granted November 10, 2025 under Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan. They vest in one-third increments on November 10, 2026, November 10, 2027, and November 10, 2028, subject to continued employment through each date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Schaefer Scott Stephen

(Last) (First) (Middle)

800 W. OLYMPIC BLVD., SUITE 406

(Street)

LOS ANGELES CALIFORNIA 90015

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2026

3. Issuer Name and Ticker or Trading Symbol
HERBALIFE LTD. [ HLF ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,500	D(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	(2)	11/10/2035	Common Stock	61,983	$9.05	D

Explanation of Responses:

1. The reported shares are held in a joint tenancy with right of survivorship account with the reporting person's spouse.

2. On November 10, 2025, the reporting person was granted 61,983 stock appreciation rights ("SARs") under Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan. These SARs will vest in one-third increments on November 10, 2026, November 10, 2027, and November 10, 2028, subject to continued employment through such date.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney

	Alaaeddine Sahibi, as Attorney-In-Fact for Scott Schaefer	11/06/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)