X0306 4 2018-11-12 0 0001180262 HERBALIFE NUTRITION LTD. HLF 0001373040 Walsh Des 800 W. OLYMPIC BOULEVARD, #406 LOS ANGELES CA 90015 0 1 0 0 Executive Vice Chairman Common Stock 2018-11-12 4 M 0 300000 3.41 A 618178 D Common Stock 2018-11-12 4 D 0 18830 54.33 D 599348 D Common Stock 2018-11-12 4 F 0 139405 54.33 D 459943 D Stock Appreciation Rights 3.41 2018-11-12 4 M 0 300000 0.00 D 2014-02-27 2019-02-27 Common Stock 300000 0 D This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The reporting person received 141,765 shares of common stock upon the net exercise of 300,000 stock appreciation rights ("SARS"). The reporting person forfeited 18,830 shares of common stock underlying the SARS in payment of the exercise price and 139,405 shares of common stock underlying the SARS to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on November 12, 2018 of $54.33. The reporting person did not sell any shares received from this net exercise of SARS. On May 14, 2018, the common stock of Herbalife Nutrition Ltd. split 2-for-1, resulting in the reporting person's acquisition of 159,089 additional shares of common stock. These SARS were previously reported as covering 150,000 shares at an exercise price of $6.82 per share, but were adjusted to reflect the stock split that occurred on May 14, 2018. /s/ Rashmi Chachra, Attorney-in-Fact for Des Walsh 2018-11-14