ROBERT LEVY - 01 May 2025 Form 3 Insider Report for HERBALIFE LTD. (HLF)

Role: President - Worldwide Markets
Signature: /s/ Alaaeddine Sahibi, as Attorney-In-Fact for Robert Levy
Issuer symbol: HLF
Transactions as of: 01 May 2025
Net transactions value: $0
Form type: 3
Filing time: 12 May 2025, 19:39:33 UTC
Previous filing: 10 Jul 2023
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
LEVY ROBERT	President - Worldwide Markets	800 W. OLYMPIC BLVD.,, SUITE 406, LOS ANGELES	/s/ Alaaeddine Sahibi, as Attorney-In-Fact for Robert Levy	12 May 2025	0001311283

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HLF	Common Stock						16,309	01 May 2025	Direct	F1
holding	HLF	Common Stock						433,049	01 May 2025	By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	HLF	Stock Appreciation Rights							01 May 2025	Common Stock	43,668	$31.26	Direct	F2
holding	HLF	Stock Appreciation Rights							01 May 2025	Common Stock	45,902	$28.60	Direct	F3
holding	HLF	Stock Appreciation Rights							01 May 2025	Common Stock	80,049	$13.60	Direct	F4
holding	HLF	Stock Appreciation Rights							01 May 2025	Common Stock	98,684	$9.58	Direct	F5
holding	HLF	Stock Appreciation Rights							01 May 2025	Common Stock	63,795	$8.31	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Balance includes 15,292 unvested restricted stock units ("RSUs") previously granted to the Reporting Person, of which: 11,948 were granted on May 4, 2023, of which 2/3 have vested, and 1/3 will vest on May 4, 2026; 16,962 were granted on May 3, 2024, of which 2/3 have vested, and 1/3 will vest on May 4, 2026.
F2	These stock appreciation rights were fully vested as of May 9, 2019.
F3	These stock appreciation rights were fully vested as of February 27, 2020.
F4	On May 4, 2023, the reporting person was granted 80,049 stock appreciation rights, of which 2/3 have vested, and 1/3 will vest on May 4, 2026.
F5	On May 3, 2024, the reporting person was granted 98,684 stock appreciation rights, of which 1/3 has vested, 1/3 will vest on May 3, 2026, and 1/3 will vest on May 3, 2027.
F6	On February 21, 2025, the reporting person was granted 63,795 stock appreciation rights that will vest in 1/3 increments on February 21, 2026, February 21, 2027, and February 21, 2028.