Tirre Emelie Form 4 Monster Beverage / Emelie Tirre ownership change

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).

1. Name and Address of Reporting Person^*

Tirre Emelie

(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)
President of the Americas

3. Date of Earliest Transaction (Month/Day/Year)
11/16/2022

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	11/16/2022		M		74,998	A	$43.64	96,036	D
Common Stock	11/16/2022		S		74,998	D	$98.96(1)	21,038	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)	$43.64	11/16/2022		M			74,998	(2)	12/01/2026	Common Stock	74,998	$0	2	D
Employee Stock Option (right to buy)	$46.27							(2)	03/14/2027	Common Stock	(3)		40,000	D
Employee Stock Option (right to buy)	$58.73							(4)	03/14/2028	Common Stock	(3)		50,000	D
Employee Stock Option (right to buy)	$51.5							(5)	06/01/2028	Common Stock	(3)		25,000	D
Employee Stock Option (right to buy)	$59.67							(6)	03/14/2029	Common Stock	(3)		25,000	D
Employee Stock Option (right to buy)	$62.39							(7)	03/13/2030	Common Stock	(3)		20,000	D
Employee Stock Option (right to buy)	$88.94							(8)	03/12/2031	Common Stock	(3)		10,000	D
Employee Stock Option (right to buy)	$73.23							(9)	03/14/2032	Common Stock	(3)		23,000	D
Restricted Stock Units	(10)							(11)	(12)	Common Stock	(3)		3,000	D
Restricted Stock Units	(10)							(13)	(12)	Common Stock	(3)		4,675	D
Restricted Stock Units	(10)							(14)	(12)	Common Stock	(3)		5,250	D
Restricted Stock Units	(15)							(16)	(12)	Common Stock	(3)		2,520	D
Restricted Stock Units	(15)							(17)	(12)	Common Stock	(3)		6,800	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $98.73 to $99.22. 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. The options are fully vested.

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

4. The options are currently vested with respect to 35,000 shares. The remaining options vest on March 14, 2023.

5. The options are currently vested with respect to 16,667 shares. The remaining options vest on June 1, 2023.

6. The options are currently vested with respect to 11,250 shares. The remaining options vest in two installments as follows: 6,250 shares on March 14, 2023 and 7,500 shares on March 14, 2024.

7. The options are currently vested with respect to 5,000 shares. The remaining options vest in three installments as follows: 4,000 shares on March 13, 2023? 5,000 shares on March 13, 2024 and 6,000 shares on March 13, 2025.

8. The options are currently vested with respect to 1,000 shares. The remaining options vest in four installments as follows: 1,500 shares on March 12, 2023? 2,000 shares on March 12, 2024? 2,500 shares on March 12, 2025 and 3,000 shares on March 12, 2026.

9. The options vest in five installments as follows: 2,300 shares on March 14, 2023; 3,450 shares on March 14, 2024; 4,600 shares on March 14, 2025; 5,750 shares on March 14, 2026 and 6,900 shares on March 14, 2027.

10. The restricted stock units were granted under the Monster Beverage Corporation 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.

11. The remaining restricted stock units vest on June 1, 2023.

12. Not applicable.

13. The restricted stock units vest in two installments as follows: 2,125 units on March 14, 2023 and 2,550 shares on March 14, 2024.

14. The restricted stock units vest in three installments as follows: 1,400 units on March 13, 2023? 1,750 units on March 13, 2024 and 2,100 units on March 13, 2025.

15. 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.

16. The restricted stock units vest in four installments as follows: 420 units on March 12, 2023? 560 units on March 12, 2024? 700 units on March 12, 2025 and 840 units on March 12, 2026.

17. The restricted stock units vest in five installments as follows: 680 units on March 14, 2023? 1,020 units on March 14, 2024? 1,360 units on March 14, 2025? 1,700 units on March 14, 2026 and 2,040 units on March 14, 2027.

	Paul J. Dechary, attorney-in-fact	11/18/2022
	** Signature of Reporting Person	Date
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