Monster Beverage Corp·4

May 27, 7:00 PM ET

SACKS RODNEY C 4

Research Summary

AI-generated summary

Updated

Monster Beverage (MNST) Director Rodney Sacks Transfers 697,495 Shares

What Happened

  • Rodney C. Sacks, a member of Monster Beverage's board of directors, reported two dispositions on 2026-05-22: an other disposition (code J) of 697,495 shares and a gift (code G) of 11,585 shares. Both transactions show $0 per share and $0 total proceeds on the Form 4.
  • The large 697,495-share transfer was to trusts; per the filing footnote, Sacks no longer has voting or dispositive power over those shares after the transfer. The 11,585-share entry is reported as a gift.

Key Details

  • Transaction dates and filing: transactions dated 2026-05-22; Form 4 filed 2026-05-27.
  • Price and value: both transactions reported at $0.00 per share (transfer/gift), so no cash proceeds were reported.
  • Footnotes: F1 states the 697,495 shares were transferred to trusts (Sterling Trustees LLC is trustee) and Sacks disclaims voting/dispositive power thereafter.
  • Shares owned after transaction: the filing does not disclose an updated total beneficial ownership in the lines provided in this summary.
  • Timeliness: the Form 4 was filed five days after the transaction date—longer than the usual two-business-day SEC reporting window—so this filing appears late relative to the standard requirement.

Context

  • Transfers to trusts and gifts are not market sales and do not necessarily indicate a change in sentiment about the stock; gifts are typically estate or tax planning actions.
  • Code J (other disposition) here reflects a transfer of ownership/control to trusts (not a cash sale); code G denotes a gift. These are different from open-market sales that generate cash proceeds.