SCHEDULE 13G/A 0000935836-25-000136 0001512171 XXXXXXXX LIVE 1 Common Shares 09/30/2025 0001180262 Herbalife Ltd. G4412G101 P.O. BOX 309GT UGLAND HOUSE, SOUTH CHURCH STREET GEORGE TOWN E9 00000 Rule 13d-1(b) Rule 13d-1(c) Route One Investment Company, L.P. b DE 0.00 7528938.00 0.00 7528938.00 7528938.00 N 7.3 IA PN Percentage calculated based on 103,105,683 Common Shares outstanding on July 30, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended June 30, 2025. ROIC, LLC b DE 0.00 7528938.00 0.00 7528938.00 7528938.00 N 7.3 HC OO Percentage calculated based on 103,105,683 Common Shares outstanding on July 30, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended June 30, 2025. Route One Investment Company, LLC b DE 0.00 7528938.00 0.00 7528938.00 7528938.00 N 7.3 HC OO Percentage calculated based on 103,105,683 Common Shares outstanding on July 30, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended June 30, 2025. Route One Offshore Master Fund, L.P. b E9 0.00 5193442.00 0.00 5193442.00 5193442.00 N 5.0 PN Percentage calculated based on 103,105,683 Common Shares outstanding on July 30, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended June 30, 2025. William F. Duhamel, Jr. b X1 0.00 7528938.00 0.00 7528938.00 7528938.00 N 7.3 HC IN Percentage calculated based on 103,105,683 Common Shares outstanding on July 30, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended June 30, 2025. Jason E. Moment b X1 0.00 7528938.00 0.00 7528938.00 7528938.00 N 7.3 HC IN Percentage calculated based on 103,105,683 Common Shares outstanding on July 30, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended June 30, 2025. Herbalife Ltd. P.O. Box 309, Ugland House, Grand Cayman, Cayman Islands KY1-1104 Route One Investment Company, L.P. ("Route One") ROIC, LLC Route One Investment Company, LLC (the "General Partner") Route One Offshore Master Fund, L.P. (the "Master Fund") William F. Duhamel, Jr. Jason E. Moment Route One is the investment adviser to investment funds, including the Master Fund (collectively, the "Funds"), and the General Partner is the general partner of one or more of those funds. ROIC, LLC is the general partner of Route One. Mr. Duhamel and Mr. Moment are the control persons of Route One, ROIC, LLC and the General Partner. The reporting persons are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group. Each reporting person also disclaims beneficial ownership of the Common Shares except to the extent of that person's pecuniary interest therein. In addition, the filing of this Schedule 13G on behalf of the Master Fund should not be construed as an admission that it is, and it disclaims that it is, a beneficial owner, as defined in Rule 13d-3 under the Act, of any Common Stock covered by this Schedule 13G. The principal business office of the reporting persons other than the Master Fund is: One Letterman Drive, Building D, Suite DM 200, San Francisco, CA 94129 The principal business office of the Master Fund is: c/o Citco Fund Services (Cayman Islands) Limited, 89 Nexus Way, Camana Bay, P.O. Box 31106SMB, Grand Cayman, Cayman Islands See Item 4 of the cover sheet for each reporting person. N IA HC Route One: 7,528,938 ROIC, LLC: 7,528,938 General Partner: 7,528,938 Master Fund: 5,193,442 William F. Duhamel, Jr.: 7,528,938 Jason E. Moment: 7,528,938 Route One: 7.3% ROIC, LLC: 7.3% General Partner: 7.3% Master Fund: 5.0% William F. Duhamel, Jr.: 7.3% Jason E. Moment: 7.3% Route One: 0 ROIC, LLC: 0 General Partner: 0 Master Fund: 0 William F. Duhamel, Jr.: 0 Jason E. Moment: 0 Route One: 7,528,938 ROIC, LLC: 7,528,938 General Partner: 7,528,938 Master Fund: 5,193,442 William F. Duhamel, Jr.: 7,528,938 Jason E. Moment: 7,528,938 Route One: 0 ROIC, LLC: 0 General Partner: 0 Master Fund: 0 William F. Duhamel, Jr.: 0 Jason E. Moment: 0 Route One: 7,528,938 ROIC, LLC: 7,528,938 General Partner: 7,528,938 Master Fund: 5,193,442 William F. Duhamel, Jr.: 7,528,938 Jason E. Moment: 7,528,938 Y N The Funds hold the Common Shares for the benefit of their investors and have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares. Other than the Master fund, no individual Fund's holdings of Common Shares are more than five percent of the outstanding Common Shares. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Ex. 99 - Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G Route One Investment Company, L.P. /s/ Jason E. Moment 10/06/2025 ROIC, LLC /s/ Jason E. Moment 10/06/2025 Route One Investment Company, LLC /s/ Jason E. Moment 10/06/2025 Route One Offshore Master Fund, L.P. /s/ Jason E. Moment 10/06/2025 William F. Duhamel, Jr. /s/ William F. Duhamel, Jr. 10/06/2025 Jason E. Moment /s/ Jason E. Moment 10/06/2025