FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

KELLY THOMAS J
2. Issuer Name and Ticker or Trading Symbol

Monster Beverage Corp [ MNST ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Financial Officer
(Last)          (First)          (Middle)

1 MONSTER WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

3/14/2022
(Street)

CORONA, CA 92879
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 3/14/2022  A(1)  2000 A$0 9934 D  
Common Stock 3/14/2022  M  1734 A (2)11668 D  
Common Stock 3/14/2022  M  1333 A (2)13001 D  
Common Stock 3/14/2022  M  466 A (2)13467 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy) $45.16            (3)3/13/2025 Common Stock  (4) 7200 D  
Employee Stock Option (right to buy) $43.99            (3)3/14/2026 Common Stock  (4) 20625 D  
Employee Stock Option (right to buy) $43.64            (3)12/1/2026 Common Stock  (4) 22000 D  
Employee Stock Option (right to buy) $58.73            (5)3/14/2028 Common Stock  (4) 50000 D  
Employee Stock Option (right to buy) $51.5            (6)6/1/2028 Common Stock  (4) 5000 D  
Employee Stock Option (right to buy) $59.67            (3)3/14/2029 Common Stock  (4) 15000 D  
Employee Stock Option (right to buy) $62.39            (7)3/13/2030 Common Stock  (4) 12000 D  
Employee Stock Option (right to buy) $88.94            (8)3/12/2031 Common Stock  (4) 5000 D  
Employee Stock Option (right to buy) $73.23 3/14/2022  A   10000     (9)3/14/2032 Common Stock 10000 $0 10000 D  
Restricted Stock Units  (10)3/14/2022  M     1734   (11) (12)Common Stock 1734 $0 0 D  
Restricted Stock Units  (10)3/14/2022  M     1333   (13) (12)Common Stock 1333 $0 1334 D  
Restricted Stock Units  (14)3/14/2022  M     466   (15) (12)Common Stock 466 $0 934 D  
Restricted Stock Units  (14)3/14/2022  A   3000     (16) (12)Common Stock 3000 $0 3000 D  

Explanation of Responses:
(1) Received upon the achievement of the vesting criteria applicable to the second of three tranches of performance share units granted under the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the "2011 Omnibus Incentive Plan"), achievement of which was certified by the Compensation Committee of the Company's Board of Directors (the "Compensation Committee"). Each performance share unit represents a contingent right to receive one share of the Company's common stock as of the applicable vesting date.
(2) Each restricted stock unit represents a contingent right to receive one share of the Company's common stock as of the vesting date. Accordingly, these restricted stock units were settled in shares of common stock.
(3) The options are fully vested.
(4) No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
(5) The options are currently vested with respect to 35,000 shares. The remaining options vest on March 14, 2023.
(6) The options are currently vested with respect to 1,667 shares. The remaining options vest in two installments as follows: 1,667 shares on June 1, 2022 and 1,666 shares on June 1, 2023.
(7) The options are currently vested with respect to 8,000 shares. The remaining options vests on March 14, 2023.
(8) The options are currently vested with respect to 1,666 shares. The remaining options vest in two installments as follow: 1,667 shares on March 12, 2023 and 1,667 shares on March 12, 2024.
(9) The options vest in three installments as follow: 3,333 shares on March 14, 2023; 3,333 shares on March 14, 2024 and 3,334 shares on March 14, 2025.
(10) The restricted stock units were granted under the 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.
(11) The restricted stock units are fully vested.
(12) Not applicable.
(13) The remaining restricted stock units vest on March 13, 2023.
(14) 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.
(15) The restricted stock units vest in two installments as follows: 467 units on March 12, 2023 and 467 units on March 12, 2024.
(16) The restricted stock units vest in three equal installments on March 14, 2023, March 14, 2024 and March 14, 2025.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
KELLY THOMAS J
1 MONSTER WAY
CORONA, CA 92879


Chief Financial Officer

Signatures
Paul J. Dechary, attorney-in-fact3/16/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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