Happen GC exercises 12K RSUs, withholds shares
Happen, Inc. (HAPN) reported equity compensation activity for General Counsel & Secretary Cheng Jordan.
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Form Type
4
Rhea-AI Filing Summary
Happen, Inc. (HAPN) reported equity compensation activity for General Counsel & Secretary Cheng Jordan. On August 25, 2026, a total of 12,116 Restricted Stock Units (RSUs) were exercised for an equal number of common shares at a $0.00 exercise price. In connection with this vesting, 5,477 common shares were delivered or withheld at $18.25 per share to satisfy tax withholding obligations, which the company states does not represent a sale of shares.
Insider Trade Summary
12,116 shares exercised/converted
Exercise
7 txns
Insider
Cheng Jordan
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) F1, F3, F4 | 5,728 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F5, F4 | 3,504 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F6, F4 | 2,884 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,728 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,504 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,884 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 5,477 | $18.25 | $100K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 61,319 contracts (Direct);
Common Stock — 109,213 shares (Direct)
Footnotes (6)
- 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 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.
- F4. Not applicable.
- F5. 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.
- F6. 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 exercised into common stock: 12,116 shares
RSU block conversion: 5,728 shares
RSU block conversion: 3,504 shares
+4 more
7 metrics
RSUs exercised into common stock
12,116 shares
Total RSUs converted to Happen, Inc. common stock on August 25, 2026
RSU block conversion
5,728 shares
One RSU grant block that vested and was exercised on August 25, 2026
RSU block conversion
3,504 shares
Second RSU grant block that vested and was exercised on August 25, 2026
RSU block conversion
2,884 shares
Third RSU grant block that vested and was exercised on August 25, 2026
Shares withheld for taxes
5,477 shares
Common shares delivered or withheld to satisfy tax withholding obligations
Withholding price
$18.25 per share
Price used for shares withheld for tax obligations on August 25, 2026
RSU exercise price
$0.00 per share
Exercise or conversion price for RSUs into common stock
Key Terms
Restricted Stock Unit (RSU), vesting, tax withholding obligations, contingent right
4 terms
Restricted Stock Unit (RSU) financial
"Each restricted stock unit ("RSU") represents the contingent right to receive"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
vesting financial
"The RSUs vested as to 8.33% of the total shares on May 25, 2024"
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.
tax withholding obligations financial
"shares withheld by the Issuer to cover tax withholding obligations in connection"
contingent right financial
"represents the contingent right to receive, upon vesting of the RSU"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity activity did HAPN report for Cheng Jordan on this Form 4?
Happen, Inc. reported that 12,116 RSUs held by General Counsel & Secretary Cheng Jordan vested and were exercised into an equal number of common shares on August 25, 2026, at an exercise price of $0.00 per share.
How many HAPN RSUs did Cheng Jordan have convert into common stock?
On August 25, 2026, 12,116 Restricted Stock Units (RSUs) for Cheng Jordan converted into 12,116 shares of Happen, Inc. common stock, consisting of blocks of 5,728, 3,504 and 2,884 RSUs.
Does this HAPN filing involve a Rule 10b5-1 trading plan for Cheng Jordan?
No. The document-level indicator for Rule 10b5-1 plans is marked false, and there is no footnote stating that the reported transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
