Tirre Emelie 4
Research Summary
AI-generated summary
Monster (MNST) Chief Strategy Officer Emelie Tirre Exercises Options, Sells Shares
What Happened
- Emelie Tirre, Chief Strategy Officer of Monster Beverage Corp (MNST), exercised multiple stock option tranches and then sold shares in the open market. She exercised a total of 90,948 option shares on May 13–14, 2026, paying approximately $4,102,815 in aggregate exercise price. Immediately around those exercises she sold 88,700 shares on May 13 and 10,000 shares on May 14 for total gross proceeds of $8,482,052.
Key Details
- Exercise (acquired): 17,752 @ $44.47 ($789,431); 32,200 @ $36.62 ($1,179,164); 28,998 @ $50.82 ($1,473,678); 4,500 @ $60.30 ($271,350); 5,250 @ $55.09 ($289,223); 2,248 @ $44.47 ($99,969). Total acquired via exercise = 90,948 shares; total exercise cost ≈ $4,102,815.
- Sales (disposed): 88,700 shares on 2026-05-13 for $7,624,652 (weighted avg $85.96; trades ranged $85.72–$86.27 per footnote F1); 10,000 shares on 2026-05-14 for $857,400 (weighted avg $85.74; trades ranged $85.73–$85.80 per F2). Total sale proceeds ≈ $8,482,052.
- Derivative disposals at $0 reported reflect the options being converted/terminated upon exercise (standard reporting of option-to-share conversion).
- Vesting: the filing notes the exercised options were currently vested for the reported share amounts (see footnotes F3–F9 for specific vesting detail and remaining vesting schedules).
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Reported on Form 4 filed May 15, 2026 for transactions on May 13–14, 2026 (filed within the standard Form 4 deadline).
Context
- This pattern — exercising vested options and immediately selling some or all resulting shares — is common (a cashless or partial cashless approach) to cover exercise costs, taxes, or diversify. The filing is factual and does not state a trading plan; it shows both option exercises (code M) and open‑market sales (code S).