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Monster Beverage Corporation's Chairman and CEO just declared owning 17,234,251 shares of Monster Beverage Corporation

Rodney C Sacks, Monster Beverage Corporation's Chairman and CEO and a director of the company, has just filed an initial statement of beneficial ownership where 17,234,251 shares of Monster Beverage Corporation were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Sacks. Sacks operates out of Corona, CA. Some additional info was provided as follows:

As a result of the distribution of shares, which were previously reported as indirectly beneficially owned by the reporting person, as the proceeds of in-kind annuity payments from existing grantor retained annuity trusts to the reporting person and transfers of shares directly to the reporting person, the total amount of shares directly own ed by the reporting person has increased. This Form 4 is being filed solely to disclose the foregoing. The reporting person is one of the general partners of each of Brandon Limited Partnership No. 1, Brandon Limited Partnership No...

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