Explanation of Responses: |
(1) | Reflects the sum of 2,404 shares distributed by Hilrod Holdings VII, L.P., 10,105 shares distributed by Hilrod Holdings XI, L.P., 6,544 shares distributed by Hilrod Holdings XII, L.P., 28,819 shares distributed by Hilrod Holdings XIII, L.P., 3,736 shares distributed by Hilrod Holdings XIV, L.P., and 6,873 shares distributed by Hilrod Holdings XVI, L.P. to the reporting person. These shares were previously reported as indirectly beneficially owned by the reporting person due to his general partnership interest in the aforementioned entities. |
(2) | Reporting person (i) is one of the general partners of each of Brandon Limited Partnership No. 1, Brandon Limited Partnership No. 2, Hilrod Holdings IV, L.P., Hilrod Holdings V, L.P., Hilrod Holdings VI, L.P., Hilrod Holdings VIII, L.P., Hilrod Holdings IX, L.P., Hilrod Holdings X, L.P., Hilrod Holdings XV, L.P., Hilrod Holdings XVI, L.P., Hilrod Holdings XVIII, L.P., Hilrod Holdings XIX, L.P., Hilrod Holdings XX, L.P., Hilrod Holdings XXI, L.P., Hilrod Holdings XXII, L.P., Hilrod Holdings XXIII, L.P., Hilrod Holdings XXIV, L.P., Hilrod Holdings XXV, L.P. and Hilrod Holdings XXVI, L.P. and (ii) disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
(3) | On June 12, 2023 and June 13, 2023, Hilrod Holdings VII, L.P., Hilrod Holdings XI, L.P., Hilrod Holdings XII, L.P., Hilrod Holdings XIII, L.P., Hilrod Holdings XIV, L.P., and Hilrod Holdings XVI, L.P. distributed all of the shares to their general and limited partners based upon their partnership percentages. The reporting person as the general partner received his pro rata share of the shares distributed and such shares are now reflected as directly held by the reporting person. The limited partners' shares are held by trusts for the benefit of certain family members of the reporting person and Mr. Schlosberg respectively. The reporting person no longer has voting or dispositive power over, and therefore is not deemed to beneficially own, any of the shares held by these trusts. |
(4) | The options are currently vested. |
(5) | No transaction is being reported at this time. This line is only reporting holdings as of the date hereof. |
(6) | The options are currently vested with respect to 173,200 shares. The remaining options vest on March 12, 2024. |
(7) | The options are currently vested with respect to 97,132 shares. The remaining options vest in two equal installments on March 14, 2024 and March 14, 2025. |
(8) | The options vest in three equal installments on March 14, 2024, 2025 and 2026. |
(9) | The restricted stock units were granted under the Monster Beverage Corporation 2020 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. |
(10) | The remaining restricted stock units vest on March 12, 2024. |
(11) | Not applicable. |
(12) | The remaining restricted stock units vest in two installments as follows: 30,734 units on March 14, 2024 and 30,734 units on March 14, 2025. |
(13) | The restricted stock units vest in three installments as follows: 22,532 units on March 14, 2024, 22,534 units on March 14, 2025 and 22,534 units on March 14, 2026. |