KELLY THOMAS J 4

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.