| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Milmoe William H. | 10%+ Owner | 190 S.E. 5TH AVENUE, SUITE 200, DELRAY BEACH | /s/ William H. Milmoe | 20 Nov 2025 | 0001443194 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CELH | Common Stock | Other | -$4.17M | -113K | -7.69% | $37.02 | 1.35M | 18 Nov 2025 | See Footnote | F1, F2, F3, F4 |
| transaction | CELH | Common Stock | Other | -$4.17M | -113K | -8.33% | $37.02 | 1.24M | 19 Nov 2025 | See Footnote | F1, F2, F3, F4 |
| transaction | CELH | Common Stock | Other | -$4.17M | -113K | -9.09% | $37.02 | 1.13M | 20 Nov 2025 | See Footnote | F1, F2, F3, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CELH | Variable Prepaid Forward Sale Contract (obligation to sell) | Other | $0 | -113K | -100% | $0.00 | 0 | 18 Nov 2025 | Common Stock | 113K | See Footnote | F1, F2, F3, F4 | |
| transaction | CELH | Variable Prepaid Forward Sale Contract (obligation to sell) | Other | $0 | -113K | -100% | $0.00 | 0 | 19 Nov 2025 | Common Stock | 113K | See Footnote | F1, F2, F3, F4 | |
| transaction | CELH | Variable Prepaid Forward Sale Contract (obligation to sell) | Other | $0 | -113K | -100% | $0.00 | 0 | 20 Nov 2025 | Common Stock | 113K | See Footnote | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | The Reporting Person is one of the two personal representatives of the Estate of Carl DeSantis, which holds a one hundred percent (100%) beneficial ownership interest in GRAT 1, LLC ("GRAT 1"). Accordingly, the Reporting Person has shared voting and dispositive control over the shares held by GRAT 1. |
| F2 | On November 18, 2025, November 19, 2025, and November 20, 2025, GRAT 1 settled three tranches of a prepaid variable forward sale transaction (the "VPF") entered into on November 3, 2022 with an unaffiliated third-party buyer. For these three tranches of the VPF, GRAT 1 elected full physical settlement. |
| F3 | In full physical settlement of each of these three tranches of the VPF, the contract for the VPF obligated (i) GRAT 1 to deliver to the buyer 112,500 shares (adjusted for stock splits) of CELH common stock T+1 (the "Share Number") following the maturity of these tranches (occurring on November 17, 2025, November 18, 2025, and November 19, 2025), and (ii) the buyer to pay GRAT 1 an amount in cash equal to: (a) if the volume-weighted average price of CELH common stock on the maturity date for the tranche (each, a "Settlement Price") was greater than $27.7675 (the "Floor Price"), but less than or equal to $37.0234 (the "Cap Price"), the product of (x) the Share Number and (y) the excess of Settlement Price over the Floor Price; and (b) if Settlement Price was greater than the Cap Price, the product of (x) the Share Number and (y) $9.2559. |
| F4 | On each of November 17, 2025, November 18, 2025, and November 19, 2025, the Settlement Price was greater than the Cap Price. Accordingly, GRAT 1 transferred to the buyer a number of CELH shares and the buyer paid GRAT 1 amounts in cash determined pursuant to the formula above. |