Scott Stephen Schaefer, Chief Financial Officer of Herbalife Ltd., filed a Form 3 initial statement of beneficial ownership on November 6, 2026, reporting securities held as of the event date of November 1, 2026.

Key Highlights

  • Reporting person: Scott Stephen Schaefer, identified as Chief Financial Officer of Herbalife Ltd. (NYSE:HLF).
  • Common stock: 2,500 shares of common stock held directly, in a joint tenancy with right of survivorship account with the reporting person's spouse.
  • Stock Appreciation Rights: 61,983 SARs with an exercise price of $9.05, expiring November 10, 2035, held directly.
  • SAR grant date: The SARs were granted on November 10, 2025, under the Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan.
  • Vesting schedule: The SARs vest in one-third increments on November 10, 2026, November 10, 2027, and November 10, 2028, subject to continued employment through each date.
  • Event date: November 1, 2026, with the form signed by Alaaeddine Sahibi as Attorney-In-Fact for Scott Schaefer.

Schaefer's Initial Beneficial Ownership at Herbalife

According to the filing, Scott Stephen Schaefer submitted a Form 3 as a newly reporting person in his capacity as Chief Financial Officer of Herbalife Ltd. The event requiring the statement was dated November 1, 2026. The filing was submitted on November 6, 2026, by Alaaeddine Sahibi acting as Attorney-In-Fact under a Power of Attorney (Exhibit 24.1).

The filing discloses that Schaefer directly beneficially owns 2,500 shares of Herbalife common stock. The filing notes that these shares are held in a joint tenancy with right of survivorship account with the reporting person's spouse, though the form records the ownership form as direct.

In Table II, the filing reports 61,983 stock appreciation rights classified as derivative securities. According to the filing, these SARs were granted on November 10, 2025, under the Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan, with a conversion or exercise price of $9.05 and an expiration date of November 10, 2035. The filing states the SARs "will vest in one-third increments on November 10, 2026, November 10, 2027, and November 10, 2028, subject to continued employment through such date." The underlying security for the SARs is Herbalife common stock.

What Was Disclosed

Herbalife Ltd. CFO Scott Stephen Schaefer filed an initial beneficial ownership statement reporting 2,500 shares of common stock held jointly with his spouse and 61,983 stock appreciation rights at an exercise price of $9.05, granted November 10, 2025, vesting in thirds through 2028.