Sec Form 4 Filing - KELLY THOMAS J @ Monster Beverage Corp - 2023-03-12

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person KELLY THOMAS J 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 (Last) (First) (Middle) 1 MONSTER WAY 3. Date of Earliest Transaction (MM/DD/YY) 03/12/2023 (Street) CORONA, CA92879 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/12/2023 M 467 A 26,244 D Common Stock 03/13/2023 M 1,334 A 27,578 D Common Stock 03/14/2023 M 1,000 A 28,578 D Common Stock 03/14/2023 A( 2 ) 1,450 A $ 0 30,028 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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) $ 45.16 ( 3 ) 03/13/2025 Common Stock ( 4 ) 2,214 D Employee Stock Option (right to buy) $ 43.99 ( 3 ) 03/14/2026 Common Stock ( 4 ) 2,271 D Employee Stock Option (right to buy) $ 43.64 ( 3 ) 12/01/2026 Common Stock ( 4 ) 2 D Employee Stock Option (right to buy) $ 58.73 ( 3 ) 03/14/2028 Common Stock ( 4 ) 50,000 D Employee Stock Option (right to buy) $ 51.5 ( 5 ) 06/01/2028 Common Stock ( 4 ) 5,000 D Employee Stock Option (right to buy) $ 59.67 ( 3 ) 03/14/2029 Common Stock ( 4 ) 15,000 D Employee Stock Option (right to buy) $ 62.39 ( 3 ) 03/13/2030 Common Stock ( 4 ) 12,000 D Employee Stock Option (right to buy) $ 88.94 ( 6 ) 03/12/2031 Common Stock ( 4 ) 5,000 D Employee Stock Option (right to buy) $ 73.23 ( 7 ) 03/14/2032 Common Stock ( 4 ) 10,000 D Employee Stock Option (right to buy) $ 101.64 03/14/2023 A 5,000 ( 8 ) 03/14/2033 Common Stock 5,000 $ 0 5,000 D Employee Stock Option (right to buy) $ 101.64 03/14/2023 A 5,000 ( 9 ) 03/14/2033 Common Stock 5,000 $ 0 5,000 D Restricted Stock Units ( 10 ) 03/13/2023 M 1,334 ( 11 ) ( 12 ) Common Stock 1,334 $ 0 0 D Restricted Stock Units ( 13 ) 03/12/2023 M 467 ( 14 ) ( 12 ) Common Stock 467 $ 0 467 D Restricted Stock Units ( 13 ) 03/14/2023 M 1,000 ( 15 ) ( 12 ) Common Stock 1,000 $ 0 2,000 D Restricted Stock Units ( 13 ) 03/14/2023 A 1,700 ( 16 ) ( 12 ) Common Stock 1,700 $ 0 1,700 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other KELLY THOMAS J 1 MONSTER WAY CORONA, CA92879 Chief Financial Officer Signatures Paul J. Dechary, attorney-in-fact 03/14/2023 Signature of Reporting Person Date

Explanation of Responses:

( 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 )The options are fully vested. ( 4 )No transaction is being reported at this time. This line is only reporting holdings as of the date hereof. ( 5 )The options are currently vested with respect to 3,334 shares. The remaining options vest on June 1, 2023. ( 6 )The options are currently vested with respect to 3,333 shares. The remaining options vest on March 12, 2024. ( 7 )The options are currently vested with respect to 3,333 shares. The remaining options vest in two installments as follows: 3,333 shares on March 14, 2024 and 3,334 shares on March 14, 2025. ( 8 )The options vest in three installments as follows: 1,666 shares on March 14, 2025; 1,667 shares on March 14, 2026 and 1,667 on March 14, 2027. ( 9 )The options vest in three installments as follows: 1,666 shares on March 14, 2025; 1,667 shares on March 14, 2026 and 1,667 on March 14, 2027. ( 10 )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. ( 11 )The restricted stock units are fully vested. ( 12 )Not applicable. ( 13 )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. ( 14 )The remaining restricted stock units vest on March 12, 2024. ( 15 )The remaining restricted stock units vest in two equal installments on March 14, 2024 and March 14, 2025. ( 16 )The restricted stock units vest in three installments as follows: 566 units on March 14, 2024; 567 units on March 14, 2025 and 567 units on March 14, 2024.

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