Form 4: Monster Beverage Corp: Chairman and Co-CEO Rodney Sacks Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Rodney Sacks, Chairman and Co-CEO of Monster Beverage Corp, filed a Form 4 detailing changes in his beneficial ownership of company stock and derivative securities.
Summary
- On August 29, 2024, Rodney Sacks, Chairman and Co-CEO of Monster Beverage Corp, reported changes in his beneficial ownership of the company's securities.
- The filing includes the gifting of 2,117 shares of common stock.
- Sacks directly owns 285,193 shares of common stock.
- He also indirectly owns shares through various entities, including RCS1, LLC (100,000 shares) and several Brandon and Hilrod Holdings partnerships, totaling millions of shares.
- The filing also details Sacks' holdings of employee stock options with various exercise prices and expiration dates, as well as restricted stock units that vest over time.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing detailing changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership structure of the company.
- It offers insights into the compensation structure for the CEO, including stock options and restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of transaction (gift of shares). |
| 08/30/2024 | Date of signature on the Form 4 filing. |
| 03/13/2025 | Expiration date for some employee stock options. |
| 03/14/2025 | Vesting date for remaining restricted stock units and expiration date for some employee stock options. |
| 03/14/2026 | Vesting date for restricted stock units and expiration date for some employee stock options. |
| 03/14/2027 | Vesting date for restricted stock units and expiration date for some employee stock options. |
| 03/14/2028 | Expiration date for some employee stock options. |
| 03/14/2029 | Expiration date for some employee stock options. |
| 03/13/2030 | Expiration date for some employee stock options. |
| 03/12/2031 | Expiration date for some employee stock options. |
| 03/14/2032 | Expiration date for some employee stock options. |
| 03/14/2033 | Expiration date for some employee stock options. |
| 03/14/2034 | Expiration date for some employee stock options. |
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