Happen CLO converts 27K RSUs, withholds for taxes
Happen, Inc. (HAPN) reported that officer Steven C. Mattics, Bank – Chief Lending Officer, settled previously granted restricted stock units on August 25, 2026.
Rhea-AI Filing Summary
Happen, Inc. (HAPN) reported that officer Steven C. Mattics, Bank – Chief Lending Officer, settled previously granted restricted stock units on August 25, 2026. A total of 21,034 and 6,179 RSUs were converted into an equal number of common shares at a $0.00 exercise price. In connection with these vestings, 13,697 common shares were withheld at $18.25 per share to satisfy tax withholding obligations, which the company states does not represent a market sale. The RSUs vest over time, with portions vesting on May 25, 2026 and additional tranches vesting quarterly, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,213 shares exercised/converted
Exercise
5 txns
Insider
Mattics Steven C
Role
Bank - Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) F1, F3, F4 | 21,034 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F5, F4 | 6,179 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 21,034 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 6,179 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 13,697 | $18.25 | $250K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 209,031 contracts (Direct);
Common Stock — 65,255 shares (Direct)
Footnotes (5)
- 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. The RSUs vested as to 33.33% 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.
- F4. Not applicable.
- F5. 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 to common stock (grant 1): 21,034 shares
RSUs converted to common stock (grant 2): 6,179 shares
Total RSUs exercised: 27,213 shares
+4 more
7 metrics
RSUs converted to common stock (grant 1)
21,034 shares
Restricted stock units converted into common stock on August 25, 2026
RSUs converted to common stock (grant 2)
6,179 shares
Restricted stock units converted into common stock on August 25, 2026
Total RSUs exercised
27,213 shares
Sum of RSUs converted into common stock on August 25, 2026
Shares withheld for tax
13,697 shares
Common shares withheld to cover tax withholding obligations on August 25, 2026
Tax withholding price per share
$18.25 per share
Price used for shares withheld for tax on August 25, 2026
Initial vesting percentage (first RSU grant)
33.33%
Percentage of RSU grant vesting on May 25, 2026
Quarterly vesting percentage
8.33%
Ongoing quarterly vesting for RSU grants after May 25, 2026
Key Terms
Restricted Stock Unit ("RSU"), contingent right to receive, tax withholding obligations, vesting
4 terms
Restricted Stock Unit ("RSU") financial
"Each restricted stock unit ("RSU") represents the contingent right"
contingent right to receive financial
"represents the contingent right to receive, upon vesting of the RSU"
tax withholding obligations financial
"shares withheld by the Issuer to cover tax withholding obligations"
vesting financial
"upon vesting of the RSU, one share of the Issuer's common stock"
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 insider equity activity did HAPN disclose for Steven C. Mattics on August 25, 2026?
Happen, Inc. disclosed that Steven C. Mattics converted 27,213 RSUs into the same number of common shares at a $0.00 exercise price and had 13,697 shares withheld at $18.25 per share to cover tax withholding obligations.
How many HAPN restricted stock units did Steven C. Mattics convert into common stock?
Steven C. Mattics converted 21,034 restricted stock units and 6,179 restricted stock units, totaling 27,213 RSUs, into an equal number of Happen, Inc. common shares on August 25, 2026.
How do Steven C. Mattics’ HAPN RSUs vest over time?
One RSU grant vested 33.33% of its total shares on May 25, 2026, with 8.33% vesting quarterly thereafter. Another grant vested 8.33% on May 25, 2026, with additional 8.33% tranches vesting quarterly, each subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
