[Form 4] Monster Beverage Corporation Insider Trading Activity

Rhea-AI Filing Summary

Restaurant Brands International Inc. (QSR) – Form 4 filed 10 July 2025

The filing discloses equity transactions by Chief Executive Officer Joshua Kobza dated 08 July 2025. The report shows no open-market sales; all listed items are grants or dividend-equivalent accruals that increase the executive’s potential ownership.

• Common shares currently held: 966,501.5173 (direct ownership).
• New derivative awards: • 200,000 stock options exercisable at US$56.92, expiring 04 May 2027 (already fully vested). • 5,413 exchangeable partnership units, convertible 1-for-1 into common shares with no expiration. • 604.553 restricted share units (RSUs) from dividend equivalents. • 5,500.329 performance share units (PSUs) from dividend equivalents. • Four additional RSU grants totalling 818.554 units with staggered vesting through 15 Dec 2028.
• Vesting schedules: RSUs vest in annual instalments; PSUs vest on 15 Mar 2027, 21 May 2028 and 15 Mar 2028, subject to performance hurdles.

Following these transactions, Kobza’s direct beneficial ownership comprises the common shares above plus all derivative securities listed in Table II. Because the grants are compensation-related and carry no immediate cash cost, the filing signals continued alignment of management incentives with shareholder value but does not involve new capital inflows to the company.

Positive

• No shares were sold; all reported transactions increase or maintain insider ownership.
• Long-dated PSUs and RSUs link compensation to future performance and shareholder returns.

Negative

• 200,000 fully-vested options and >6,000 new share units add potential dilution upon exercise/vesting.

Insights

Securities Analyst

TL;DR – CEO granted options, RSUs and PSUs; no shares sold, modestly shareholder-friendly but largely routine compensation.

This Form 4 is typical executive compensation rather than an opportunistic insider buy. Joshua Kobza received 200 k fully-vested options at a strike of US$56.92 plus ~6.1 k RSU/PSU units (largely dividend equivalents). His direct share count remains high at 966.5 k shares. While the absence of disposals avoids negative signalling, these awards could add ~6 % to his fully-diluted stake if performance goals are met, introducing limited dilution for other holders. Overall impact on valuation is negligible; nevertheless, ongoing equity ownership aligns incentives ahead of multi-year vesting targets.

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
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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^*

Demel Ana

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

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

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
Restricted Stock Units	(1)							(2)	(3)	Common Stock	(4)		2,748	D
Deferred Stock Units	(5)	07/08/2025		A		345(6)		(7)	(7)	Common Stock	345	$61.59	16,167	D

Explanation of Responses:

1. Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date.

2. The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2026 annual stockholder meeting, provided that the reporting person continues as a director of the Company through such date.

3. Not applicable.

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

5. Each deferred stock unit is economically equivalent to one share of the Company's common stock.

6. Deferred stock units credited to the reporting person under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors (the "Deferral Plan"), a sub-plan of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated on February 23, 2022, which may include voluntary deferred compensation.

7. The deferred stock units credited under the Deferral Plan are settled (other than fractional units) in stock and are generally payable in the form elected or provided under the Deferral Plan on the earliest of: (i) a specified date or event designated by the reporting person, (ii) in the calendar year following the year in which the reporting person's service with the Board of Directors of the Company separates, or (iii) upon death, disability or change in control as defined under the Deferral Plan.

	Paul J. Dechary, attorney-in-fact	07/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

How many QSR common shares does CEO Joshua Kobza now own?

The Form 4 lists 966,501.5173 common shares held directly.

What size and price are the new stock options granted to Kobza?

He holds 200,000 options with an exercise price of US$56.92, expiring 04 May 2027.

How many performance share units were added on 08 July 2025?

Dividend equivalents increased performance share units by 5,500.329 units across three PSU awards.

When will the 2024 PSU award vest?

If performance targets are met, the 2024 PSUs vest on 15 March 2027.

What is the conversion feature of the 5,413 exchangeable units?

Each unit can convert into one QSR common share or cash at the company’s discretion and has no expiration date.