# EDGAR Filing Document

**Accession Number:** 0000865752
**File Stem:** 0001567619-23-005067
**Filing Date:** 2023-3
**Character Count:** 16239
**Document Hash:** 513ba800c86a9eeda3e277f84741293a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001567619-23-005067.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001567619-23-005067

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230224

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230314

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** SCHLOSBERG HILTON H
- **CENTRAL INDEX KEY:** 0001284352

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-18761
- **FILM NUMBER:** 23733153

**MAIL ADDRESS:**
- **STREET 1:** C/O MONSTER BEVERAGE CORP
- **STREET 2:** 1 MONSTER WAY
- **CITY:** CORONA
- **STATE:** CA
- **ZIP:** 92879
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Monster Beverage Corp
- **CENTRAL INDEX KEY:** 0000865752
- **STANDARD INDUSTRIAL CLASSIFICATION:** BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086]
- **IRS NUMBER:** 471809393
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1 MONSTER WAY
- **CITY:** CORONA
- **STATE:** CA
- **ZIP:** 92879
- **BUSINESS PHONE:** 909-739-6200

**MAIL ADDRESS:**
- **STREET 1:** 1 MONSTER WAY
- **CITY:** CORONA
- **STATE:** CA
- **ZIP:** 92879

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANSEN NATURAL CORP
- **DATE OF NAME CHANGE:** 19930328

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNIPAC CORP
- **DATE OF NAME CHANGE:** 19600201

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>SCHLOSBERG HILTON H<br><sub>(Last) (First) (Middle)</sub><br>1 MONSTER WAY<br><sub>(Street)</sub><br>CORONA, CA 92879<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-24 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Vice Chairman and Co-CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Monster Beverage Corp [ MNST ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-02-24 |  | G |  | 195 | D | $0 | 684040 | D |  |
| Common Stock | 2023-03-12 |  | M |  | 12633 | A | <sup>(1)</sup> | 696673 | D |  |
| Common Stock | 2023-03-12 |  | F |  | 6264 | D | $100.32 | 690409 | D |  |
| Common Stock | 2023-03-13 |  | M |  | 16028 | A | <sup>(1)</sup> | 706437 | D |  |
| Common Stock | 2023-03-13 |  | F |  | 7947 | D | $100.32 | 698490 | D |  |
| Common Stock | 2023-03-14 |  | M |  | 15366 | A | <sup>(1)</sup> | 713856 | D |  |
| Common Stock | 2023-03-14 |  | F |  | 7619 | D | $101.64 | 706237 | D |  |
| Common Stock | 2023-03-14 |  | A<sup>(2)</sup> |  | 46461 | A | $0 | 752698 | D |  |
| Common Stock | 2023-03-14 |  | F |  | 23036 | D | $101.64 | 729662 | D |  |
| Common Stock |  |  |  |  |  |  |  | 5645568 | I | By Brandon Limited Partnership No. 1<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 29386944 | I | By Brandon Limited Partnership No. 2<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 104772 | I | By Hilrod Holdings IV, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 214284 | I | By Hilrod Holdings V, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 323700 | I | By Hilrod Holdings VI, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 120216 | I | By Hilrod Holdings VII, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 568584 | I | By Hilrod Holdings VIII, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 453444 | I | By Hilrod Holdings IX, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 249918 | I | By Hilrod Holdings X, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 505242 | I | By Hilrod Holdings XI, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 327186 | I | By Hilrod Holdings XII, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 1440954 | I | By Hilrod Holdings XIII, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 186790 | I | By Hilrod Holdings XIV, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 4176 | I | By Hilrod Holdings XV, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 336772 | I | By Hilrod Holdings XIX, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 364636 | I | By Hilrod Holdings XX, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 364636 | I | By Hilrod Holdings XXI, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 500000 | I | By Hilrod Holdings XXII, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 244562 | I | By Hilrod Holdings XXIV, L.P.<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 534000 | I | By Hilrod Holdings XXV, L.P.<sup>(3)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Employee Stock Option (right to buy) | $17.99 |  |  |  |  |  |  | <sup>(4)</sup> | 2023-06-03 | Common Stock | <sup>(5)</sup> |  | 11118 | D |  |
| Employee Stock Option (right to buy) | $17.99 |  |  |  |  |  |  | <sup>(4)</sup> | 2023-06-03 | Common Stock | <sup>(5)</sup> |  | 408882 | I | By Hilrod Holdings XVI, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $17.99 |  |  |  |  |  |  | <sup>(4)</sup> | 2023-06-03 | Common Stock | <sup>(5)</sup> |  | 210000 | I | By Hilrod Holdings XV, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $23.35 |  |  |  |  |  |  | <sup>(4)</sup> | 2024-03-14 | Common Stock | <sup>(5)</sup> |  | 4281 | D |  |
| Employee Stock Option (right to buy) | $23.35 |  |  |  |  |  |  | <sup>(4)</sup> | 2024-03-14 | Common Stock | <sup>(5)</sup> |  | 420000 | I | By Hilrod Holdings XVI, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $23.35 |  |  |  |  |  |  | <sup>(4)</sup> | 2024-03-14 | Common Stock | <sup>(5)</sup> |  | 154302 | I | By Hildrod Holdings XVIII, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $23.35 |  |  |  |  |  |  | <sup>(4)</sup> | 2024-03-14 | Common Stock | <sup>(5)</sup> |  | 51417 | I | By Hilrod Holdings XXIII, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $45.16 |  |  |  |  |  |  | <sup>(4)</sup> | 2025-03-13 | Common Stock | <sup>(5)</sup> |  | 2214 | D |  |
| Employee Stock Option (right to buy) | $45.16 |  |  |  |  |  |  | <sup>(4)</sup> | 2025-03-13 | Common Stock | <sup>(5)</sup> |  | 79200 | I | By Hilrod Holdings XVI, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $45.16 |  |  |  |  |  |  | <sup>(4)</sup> | 2025-03-13 | Common Stock | <sup>(5)</sup> |  | 156186 | I | By Hilrod Holdings XVIII, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $43.99 |  |  |  |  |  |  | <sup>(4)</sup> | 2026-03-14 | Common Stock | <sup>(5)</sup> |  | 2271 | D |  |
| Employee Stock Option (right to buy) | $43.99 |  |  |  |  |  |  | <sup>(4)</sup> | 2026-03-14 | Common Stock | <sup>(5)</sup> |  | 97257 | I | By Hilrod Holdings XVIII, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $43.99 |  |  |  |  |  |  | <sup>(4)</sup> | 2026-03-14 | Common Stock | <sup>(5)</sup> |  | 215472 | I | By Hilrod Holdings XXVI, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $46.27 |  |  |  |  |  |  | <sup>(4)</sup> | 2027-03-14 | Common Stock | <sup>(5)</sup> |  | 2163 | D |  |
| Employee Stock Option (right to buy) | $46.27 |  |  |  |  |  |  | <sup>(4)</sup> | 2027-03-14 | Common Stock | <sup>(5)</sup> |  | 24963 | I | By Hilrod Holdings XVIII, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $46.27 |  |  |  |  |  |  | <sup>(4)</sup> | 2027-03-14 | Common Stock | <sup>(5)</sup> |  | 76871 | I | By Hilrod Holdings XXIII, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $46.27 |  |  |  |  |  |  | <sup>(4)</sup> | 2027-03-14 | Common Stock | <sup>(5)</sup> |  | 201503 | I | By Hilrod Holdings XXVI, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $58.73 |  |  |  |  |  |  | <sup>(4)</sup> | 2028-03-14 | Common Stock | <sup>(5)</sup> |  | 1702 | D |  |
| Employee Stock Option (right to buy) | $58.73 |  |  |  |  |  |  | <sup>(4)</sup> | 2028-03-14 | Common Stock | <sup>(5)</sup> |  | 86298 | I | By Hilrod Holdings XXIII, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $58.73 |  |  |  |  |  |  | <sup>(4)</sup> | 2028-03-14 | Common Stock | <sup>(5)</sup> |  | 176000 | I | By Hilrod Holdings XXVI, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $59.67 |  |  |  |  |  |  | <sup>(4)</sup> | 2029-03-14 | Common Stock | <sup>(5)</sup> |  | 97200 | D |  |
| Employee Stock Option (right to buy) | $59.67 |  |  |  |  |  |  | <sup>(4)</sup> | 2029-03-14 | Common Stock | <sup>(5)</sup> |  | 97200 | I | By Hilrod Holdings XXIII, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $59.67 |  |  |  |  |  |  | <sup>(4)</sup> | 2029-03-14 | Common Stock | <sup>(5)</sup> |  | 97200 | I | By Hilrod Holdings XXVI, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $62.39 |  |  |  |  |  |  | <sup>(4)</sup> | 2030-03-13 | Common Stock | <sup>(5)</sup> |  | 106334 | D |  |
| Employee Stock Option (right to buy) | $62.39 |  |  |  |  |  |  | <sup>(4)</sup> | 2030-03-13 | Common Stock | <sup>(5)</sup> |  | 85066 | I | By Hilrod Holdings XXIII, L.P.<sup>(3)</sup> |
| Employee Stock Option (right to buy) | $88.94 |  |  |  |  |  |  | <sup>(6)</sup> | 2031-03-12 | Common Stock | <sup>(5)</sup> |  | 129900 | D |  |
| Employee Stock Option (right to buy) | $73.23 |  |  |  |  |  |  | <sup>(7)</sup> | 2032-03-14 | Common Stock | <sup>(5)</sup> |  | 145700 | D |  |
| Employee Stock Option (right to buy) | $101.64 | 2023-03-14 |  | A |  | 91500 |  | <sup>(8)</sup> | 2033-03-14 | Common Stock | 91500 | $0 | 91500 | D |  |
| Restricted Stock Units | <sup>(9)</sup> | 2023-03-13 |  | M |  |  | 16028 | <sup>(10)</sup> | <sup>(11)</sup> | Common Stock | 16028 | $0 | 0 | D |  |
| Restricted Stock Units | <sup>(12)</sup> | 2023-03-12 |  | M |  |  | 12633 | <sup>(13)</sup> | <sup>(11)</sup> | Common Stock | 12633 | $0 | 12634 | D |  |

---

### Footnotes:

(1) 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.

(2) Received upon the achievement of the vesting criteria applicable to the third of three tranches of performance share units granted under the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the "2011 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) Reporting person (i) 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 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., Hilrod Holdings XXV, L.P. and Hilrod Holdings XXVI, L.P. and (ii) disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

(4) The options are currently 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 86,600 shares. The remaining options vest on March 12, 2024.

(7) The options are currently vested with respect to 48,566 shares. The remaining options vest in two equal installments on March 14, 2024 and March 14, 2025.

(8) The options vest in three equal installments on March 14, 2024, 2025 and 2026.

(9) The restricted stock units were granted under the 2011 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 restricted stock units were granted under the Monster Beverage Corporation 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.

(13) The remaining restricted stock units vest on March 12, 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.

**Signature:** Paul J. Dechary, attorney-in-fact  
**Date:** 2023-03-14

### Remarks:

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.**