KELLY THOMAS J 4
4 · Monster Beverage Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Monster Beverage (MNST) CFO Thomas J. Kelly Sells $1.28M of Shares
What Happened
Thomas J. Kelly, Monster Beverage’s Chief Financial Officer, had several equity transactions reported for March 13–14, 2026. He sold 8,000 shares in an open-market sale at a weighted average price of $77.22 (proceeds $617,760) and disposed of additional shares to cover tax liabilities (6,920 shares at $77.11 for $533,601; 1,659 shares at $77.05 for $127,826). Total cash proceeds from reported dispositions were about $1,279,187. At the same time, Kelly received/had converted a package of awards and derivative interests (performance shares/restricted stock units/options) totaling roughly 28,000 units that vested or were exercised (several “M” exercise/conversion entries of 1,134; 1,000; 1,125 and grants/awards of 13,600; 10,800; 3,600).
Key Details
- Transaction dates: March 13–14, 2026; Form 4 filed March 17, 2026 (within the typical two-business-day reporting window).
- Sale details and proceeds:
- 8,000 shares sold open market @ $77.22 (weighted avg) — $617,760 (F1: sale executed in multiple trades, prices ranged $77.18–$77.26).
- 6,920 shares disposed to cover tax liability @ $77.11 — $533,601.
- 1,659 shares disposed to cover tax liability @ $77.05 — $127,826.
- Total cash realized ≈ $1.28M.
- Awards/conversions: grants/vests listed totaling ~28,000 RSUs/PSUs/derivative conversions (some fully vested; see footnotes F2, F3, F9–F14 for vesting details and schedules).
- Shares owned after transaction: Not specified in the provided filing details.
- Notable footnotes: F1 (weighted avg sale price / multiple trades); F2–F3, F9 (performance share units/restricted stock units and settlement in shares); F10–F14 (vesting schedules / certain units fully vested). Several F-coded entries indicate shares were withheld/used to satisfy tax obligations (transaction code F).
Context
- Many of the reported transactions are the settlement of awards (RSUs/PSUs) and related tax-withholding or exercise actions. When equity awards vest or options are exercised and shares are immediately withheld to pay taxes, the filing will show disposals (F) even though the underlying transaction is an award settlement rather than an independent market sale.
- These are routine insider transactions (awards vesting + shares withheld for taxes and a small open-market sale). They are factual disclosures of compensation settlement and tax handling rather than explicit directional bets on the stock.
Insider Transaction Report
Form 4
KELLY THOMAS J
Chief Financial Officer
Transactions
- Sale
Common Stock
[F1]2026-03-13$77.22/sh−8,000$617,760→ 61,273 total - Award
Common Stock
[F2]2026-03-13+13,600→ 74,873 total - Tax Payment
Common Stock
2026-03-13$77.11/sh−6,920$533,601→ 67,953 total - Exercise/Conversion
Common Stock
[F3]2026-03-14+1,134→ 69,087 total - Exercise/Conversion
Common Stock
[F3]2026-03-14+1,000→ 70,087 total - Exercise/Conversion
Common Stock
[F3]2026-03-14+1,125→ 71,212 total - Tax Payment
Common Stock
2026-03-14$77.05/sh−1,659$127,826→ 69,553 total - Award
Employee Stock Option (right to buy)
[F8]2026-03-13+10,800→ 10,800 totalExercise: $77.11Exp: 2036-03-13→ Common Stock (10,800 underlying) - Exercise/Conversion
Restricted Stock Units
[F9][F10][F11]2026-03-14−1,134→ 0 total→ Common Stock (1,134 underlying) - Exercise/Conversion
Restricted Stock Units
[F9][F12][F11]2026-03-14−1,000→ 1,000 total→ Common Stock (1,000 underlying) - Exercise/Conversion
Restricted Stock Units
[F9][F13][F11]2026-03-14−1,125→ 3,375 total→ Common Stock (1,125 underlying) - Award
Restricted Stock Units
[F9][F14][F11]2026-03-13+3,600→ 3,600 total→ Common Stock (3,600 underlying)
Holdings
- 3,334
Employee Stock Option (right to buy)
[F4][F5]Exercise: $50.82Exp: 2033-03-14→ Common Stock - 3,334
Employee Stock Option (right to buy)
[F4][F5]Exercise: $50.82Exp: 2033-03-14→ Common Stock - 6,366
Employee Stock Option (right to buy)
[F6][F5]Exercise: $60.30Exp: 2034-03-14→ Common Stock - 14,000
Employee Stock Option (right to buy)
[F7][F5]Exercise: $55.09Exp: 2035-03-14→ Common Stock
Footnotes (14)
- [F1]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.
- [F10]The restricted stock units are fully vested.
- [F11]Not applicable.
- [F12]The remaining restricted stock units vest on March 14, 2027.
- [F13]The remaining restricted stock units vest in three equal installments on March 14, 2027, March 14, 2028 and March 14, 2029.
- [F14]The restricted stock units vest in three equal installments on March 13, 2027, March 13, 2028 and March 13, 2029.
- [F2]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.
- [F3]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.
- [F4]The options are fully vested.
- [F5]No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
- [F6]The options are currently vested with respect to 3,366 shares. The remaining options vest on March 14, 2027.
- [F7]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.
- [F8]The options vest in three equal installments on March 13, 2027, March 13, 2028 and March 13, 2029.
- [F9]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.
Signature
Paul J. Dechary, attorney-in-fact|2026-03-17