Explanation of Responses:
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(1)
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This transaction was executed in multiple trades at prices ranging from $62.65 to $62.77. 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.
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(2)
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The options are fully vested.
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(3)
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No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
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(4)
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The options are currently vested with respect to 31,500 shares. The remaining options vest on December 1, 2019.
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(5)
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The options are currently vested with respect to 31,500 shares. The remaining options vest on March 13, 2020.
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(6)
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The options are currently vested with respect to 27,000 shares. The remaining options vest in two installments as follows: 15,000 shares on March 14, 2020 and 18,000 shares on March 14, 2021.
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(7)
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The options are currently vested with respect to 25,000 shares. The remaining options vest in three installments as follows: 20,000 shares on December 1, 2019; 25,000 shares on December 1, 2020; 30,000 shares on December 1, 2021.
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(8)
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The options are currently vested with respect to 10,000 shares. The remaining options vest in three installments as follows: 8,000 shares on March 14, 2020; 10,000 shares on March 14, 2021; 12,000 shares on March 14, 2022.
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(9)
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The options are currently vested with respect to 5,000 shares. The remaining options vest in four installments as follow: 7,500 shares on March 14, 2020; 10,000 shares on March 14, 2021; 12,500 shares on March 14, 2022; 15,000 shares on March 14, 2023.
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(10)
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The options vest in three installments as follows: 8,334 shares on June 1, 2021; 8,333 shares on June 1, 2022; 8,333 shares on June 1, 2023.
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(11)
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The options vest in five installments as follows: 2,500 shares on March 14, 2020; 3,750 shares on March 14, 2021; 5,000 shares on March 14, 2022; 6,250 shares on March 14, 2023; 7,500 shares on March 14, 2024.
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(12)
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The restricted stock units were granted under the Monster Beverage Corporation 2011 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.
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(13)
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The restricted stock units vest in four equal installments on June 1, 2020, 2021, 2022 and 2023.
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(14)
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Not applicable.
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(15)
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The restricted stock units vest in five installments as follows: 850 units on March 14, 2020; 1,275 units on March 14, 2021; 1,700 units on March 14, 2022; 2,125 units on March 14, 2023; 2,550 shares on March 14, 2024.
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