Happen CFO vests 25,962 RSUs; 13,371 withheld
Happen, Inc. (HAPN) reported insider equity activity by Chief Financial Officer Andrew LaBenne on August 25, 2026.
Rhea-AI Filing Summary
Happen, Inc. (HAPN) reported insider equity activity by Chief Financial Officer Andrew LaBenne on August 25, 2026. Three blocks of Restricted Stock Units (RSUs) for 12,274; 7,509; and 6,179 units were converted into an equal number of common shares at a $0.00 exercise price as vesting occurred under previously granted awards. To satisfy related tax obligations, 13,371 common shares were withheld by the company at $18.25 per share, which the filing states does not represent an open-market sale. The report also shows 12,000 common shares held indirectly in two UTMA accounts for the reporting person’s children.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,962 shares exercised/converted
Exercise
8 txns
Insider
LaBenne Andrew
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) F1, F4, F5 | 12,274 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F6, F5 | 7,509 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F7, F5 | 6,179 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 12,274 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 7,509 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 6,179 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 13,371 | $18.25 | $244K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 131,396 contracts (Direct);
Common Stock — 233,617 shares (Direct);
Common Stock — 12,000 shares (Indirect, UTMAs for Children)
Footnotes (7)
- F1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- F2. Does not represent a sale of shares. Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs.
- F3. Aggregates 6,000 shares of Issuer's common stock held in each of two UTMA accounts for children of the Reporting Person.
- F4. The RSUs vested as to 8.33% of the total shares on May 25, 2024, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
- F5. Not applicable.
- F6. The RSUs vested as to 8.33% of the total shares on May 25, 2025, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
- F7. The RSUs vested as to 8.33% of the total shares on May 25, 2026, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date.
Key Figures
RSUs converted (first block): 12,274 shares
RSUs converted (second block): 7,509 shares
RSUs converted (third block): 6,179 shares
+4 more
7 metrics
RSUs converted (first block)
12,274 shares
Restricted Stock Units converted into an equal number of Happen, Inc. common shares on August 25, 2026
RSUs converted (second block)
7,509 shares
Restricted Stock Units converted into an equal number of Happen, Inc. common shares on August 25, 2026
RSUs converted (third block)
6,179 shares
Restricted Stock Units converted into an equal number of Happen, Inc. common shares on August 25, 2026
Shares withheld for taxes
13,371 shares
Common shares withheld by issuer to cover tax withholding obligations related to RSU vesting
Withholding reference price
$18.25 per share
Price used for common shares withheld to satisfy tax withholding obligations
Indirect UTMA holdings
12,000 shares
Common shares held in two UTMA accounts for children of the reporting person
Quarterly RSU vesting rate
8.33% of total shares
Portion of RSU awards vesting initially and quarterly thereafter, subject to continued service
Key Terms
Restricted Stock Unit ("RSU"), tax withholding obligations, UTMA accounts, indirect ownership, +1 more
5 terms
Restricted Stock Unit ("RSU") financial
"Each restricted stock unit ("RSU") represents the contingent right to receive..."
tax withholding obligations financial
"shares withheld by the Issuer to cover tax withholding obligations in connection..."
UTMA accounts financial
"held in each of two UTMA accounts for children of the Reporting Person"
indirect ownership financial
"total_shares_following_transaction 12000.0000, direct_or_indirect I, nature_of_ownership"
vesting financial
"The RSUs vested as to 8.33% of the total shares on May 25..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What equity transactions did HAPN CFO Andrew LaBenne report on August 25, 2026?
Andrew LaBenne reported the conversion of 25,962 RSUs (12,274; 7,509; 6,179) into an equal number of HAPN common shares at a $0.00 exercise price, in connection with scheduled vesting of restricted stock units.
Are the reported RSU vestings for HAPN subject to ongoing service conditions?
Yes. Footnotes state the RSUs vested as to 8.33% of total shares on specified May 25 dates in 2024, 2025, and 2026, with an additional 8.33% vesting quarterly thereafter, in each case subject to continued service through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
