Herbalife director awarded 11,879 RSUs

Mulligan Donal L reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Mulligan Donal L reported acquisition or exercise transactions in this Form 4 filing.

Herbalife Ltd. director Donal L. Mulligan reported an equity award. He received 11,879 shares of Common Stock in the form of restricted stock units granted under the Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan at no cash cost.

The RSUs will vest 100% on April 15, 2027, if he continues to serve on the Board through that date. After this grant, he directly holds 68,982 shares of Common Stock and also has an indirect holding of 60,000 shares held by a trust.

Insider Trade Summary

Grant/Award: 11,879 shares

Grant/Award 2 txns

Insider Mulligan Donal L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	11,879	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 68,982 shares (Direct); Common Stock — 60,000 shares (Indirect, By Trust)

Footnotes (1)

1. F1. Consists of restricted stock units ("RSUs") granted under the Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan. The RSUs will vest 100% on April 15, 2027, subject to continued service on the Issuer's Board of Directors through such date.

Key Figures

RSU grant size: 11,879 shares Grant price: $0.00 per share RSU vesting date: April 15, 2027 +2 more

5 metrics

RSU grant size 11,879 shares Restricted stock units granted to director on 2026-05-08

Grant price $0.00 per share Price per share for RSU grant

RSU vesting date April 15, 2027 RSUs vest 100% on this date

Direct holdings after grant 68,982 shares Total direct Common Stock owned after transaction

Indirect trust holdings 60,000 shares Common Stock held indirectly by trust as of 2026-05-08

Key Terms

restricted stock units, Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan, Common Stock, continued service

4 terms

restricted stock units financial

"Consists of restricted stock units ("RSUs") granted under the Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan financial

"Consists of restricted stock units ("RSUs") granted under the Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan."

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

continued service financial

"The RSUs will vest 100% on April 15, 2027, subject to continued service on the Issuer's Board of Directors through such date."

FAQ

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

What insider transaction did Herbalife (HLF) director Donal Mulligan report?

Director Donal L. Mulligan reported an equity award of 11,879 restricted stock units of Herbalife Common Stock. The award was granted at a price of $0.00 per share as compensation under the company’s 2023 Stock Incentive Plan.

When do Donal Mulligan’s new Herbalife (HLF) RSUs vest?

The 11,879 restricted stock units granted to Donal Mulligan will vest 100% on April 15, 2027. Vesting is conditioned on his continued service on Herbalife’s Board of Directors through that date, aligning the award with ongoing board tenure.

How many Herbalife (HLF) shares does Donal Mulligan hold after this Form 4?

Following the reported grant, Donal Mulligan directly holds 68,982 shares of Herbalife Common Stock. In addition, the filing shows an indirect position of 60,000 shares held by a trust, reported separately from his direct ownership.

What plan governs Donal Mulligan’s new Herbalife (HLF) RSU award?

The restricted stock units were granted under the Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan. This plan authorizes stock-based compensation awards, such as RSUs, to directors and other eligible participants, subject to its terms and conditions.

Is Donal Mulligan’s Herbalife (HLF) RSU grant a market purchase or sale?

The Form 4 shows the transaction as a grant or award acquisition, not a market trade. Mulligan did not buy shares on the open market; he received 11,879 RSUs as compensation, at a stated price of $0.00 per share.

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

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Accepted by SEC EDGAR 05/12/2026 - 09:57 PM EDT Learn about SEC filing dates

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^*

Mulligan Donal L

(Last) (First) (Middle)

800 WEST OLYMPIC BLVD.

SUITE 406

(Street)

LOS ANGELES CALIFORNIA 90015

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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

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

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

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	05/08/2026		A		11,879(1)	A	$0.00	68,982	D
Common Stock								60,000	I	By Trust

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

Explanation of Responses:

1. Consists of restricted stock units ("RSUs") granted under the Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan. The RSUs will vest 100% on April 15, 2027, subject to continued service on the Issuer's Board of Directors through such date.

	/s/ Alaaeddine Sahibi, as Attorney-In- Fact for Donal L. Mulligan	05/12/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)