Monster Beverage (MNST) CFO sells 8,000 shares, receives options and RSUs

Rhea-AI Filing Summary

Monster Beverage Corp Chief Financial Officer Thomas J. Kelly reported a combination of stock sales, equity awards, and vesting-related transactions. He sold 8,000 shares of common stock on March 13, 2026 at a weighted average price of $77.22 per share and reported tax-withholding dispositions tied to equity vesting.

On the same date he received 10,800 employee stock options with an exercise price of $77.11 per share, expiring in 2036, and 3,600 restricted stock units, all as compensation awards. On March 14, 2026, multiple restricted stock unit grants vested and were settled into a total of 3,259 common shares, with additional shares withheld to cover tax obligations. After these transactions, Kelly directly held 69,553 shares of Monster Beverage common stock.

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).

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^*

KELLY THOMAS J

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		S		8,000	D	$77.22(1)	61,273	D
Common Stock	03/13/2026		A(2)		13,600	A	$0	74,873	D
Common Stock	03/13/2026		F		6,920	D	$77.11	67,953	D
Common Stock	03/14/2026		M		1,134	A	(3)	69,087	D
Common Stock	03/14/2026		M		1,000	A	(3)	70,087	D
Common Stock	03/14/2026		M		1,125	A	(3)	71,212	D
Common Stock	03/14/2026		F		1,659	D	$77.05	69,553	D

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)	$50.82							(4)	03/14/2033	Common Stock	(5)		3,334	D
Employee Stock Option (right to buy)	$50.82							(4)	03/14/2033	Common Stock	(5)		3,334	D
Employee Stock Option (right to buy)	$60.3							(6)	03/14/2034	Common Stock	(5)		6,366	D
Employee Stock Option (right to buy)	$55.09							(7)	03/14/2035	Common Stock	(5)		14,000	D
Employee Stock Option (right to buy)	$77.11	03/13/2026		A		10,800		(8)	03/13/2036	Common Stock	10,800	$0	10,800	D
Restricted Stock Units	(9)	03/14/2026		M			1,134	(10)	(11)	Common Stock	1,134	$0	0	D
Restricted Stock Units	(9)	03/14/2026		M			1,000	(12)	(11)	Common Stock	1,000	$0	1,000	D
Restricted Stock Units	(9)	03/14/2026		M			1,125	(13)	(11)	Common Stock	1,125	$0	3,375	D
Restricted Stock Units	(9)	03/13/2026		A		3,600		(14)	(11)	Common Stock	3,600	$0	3,600	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $77.18 to $77.26. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

2. Received upon the achievement of the vesting criteria applicable to performance share units granted under the Monster Beverage Corporation 2020 Omnibus Incentive Plan (the "2020 Omnibus Incentive Plan"), achievement of which was certified by the Compensation Committee of the Company's Board of Directors. Each performance share unit represents a contingent right to receive one share of the Company's common stock as of the applicable vesting date.

3. 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.

4. The options are fully vested.

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

6. The options are currently vested with respect to 3,366 shares. The remaining options vest on March 14, 2027.

7. The options are currently vested with respect to 3,500 shares. The remaining options vest in three equal installments on March 14, 2027, March 14, 2028 and March 14, 2029.

8. The options vest in three equal installments on March 13, 2027, March 13, 2028 and March 13, 2029.

9. The restricted stock units were granted under the 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.

10. The restricted stock units are fully vested.

11. Not applicable.

12. The remaining restricted stock units vest on March 14, 2027.

13. The remaining restricted stock units vest in three equal installments on March 14, 2027, March 14, 2028 and March 14, 2029.

14. The restricted stock units vest in three equal installments on March 13, 2027, March 13, 2028 and March 13, 2029.

	Paul J. Dechary, attorney-in-fact	03/17/2026
	** Signature of Reporting Person	Date
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FAQ

What stock transactions did Monster Beverage (MNST) CFO Thomas J. Kelly report?

Thomas J. Kelly reported a mix of equity compensation and trading activity. He sold 8,000 common shares at a weighted average price of $77.22, alongside multiple vesting-related share deliveries and tax-withholding dispositions connected to restricted stock unit and performance share unit awards.

How many Monster Beverage (MNST) shares does the CFO hold after these transactions?

Following the reported transactions, Chief Financial Officer Thomas J. Kelly directly holds 69,553 shares of Monster Beverage common stock. This figure reflects the net result after option grants, restricted stock unit vesting, tax-withholding share dispositions, and the open-market sale of 8,000 shares disclosed in the filing.

What equity awards did the Monster Beverage (MNST) CFO receive in this Form 4?

Thomas J. Kelly received 10,800 employee stock options with a $77.11 exercise price, expiring in 2036, and 3,600 restricted stock units. These awards were granted as compensation and are tied to future vesting schedules under Monster Beverage’s 2020 Omnibus Incentive Plan and related equity programs.

Were Monster Beverage (MNST) restricted stock units settled into shares for the CFO?

Yes. On March 14, 2026, several restricted stock unit grants vested and were settled into a total of 3,259 Monster Beverage common shares. Footnotes explain each restricted stock unit represents a contingent right to receive one share as of the applicable vesting date.

What tax-related share dispositions did the Monster Beverage (MNST) CFO report?

The Form 4 shows two F-code tax-withholding transactions totaling 8,579 common shares. These shares were withheld at prices of $77.05 and $77.11 per share to satisfy tax obligations arising from the vesting and settlement of equity awards, not from discretionary market sales.

What do the Monster Beverage (MNST) option footnotes say about vesting for the CFO?

Footnotes indicate some options are already fully vested, while others vest over time. One grant is currently vested for 3,366 shares with remaining options vesting on March 14, 2027, and another is vested for 3,500 shares with the rest vesting annually through March 14, 2029.