[144] The Honest Company, Inc. SEC Filing
Rhea-AI Filing Summary
The Honest Company, Inc. (HNST) filed a Form 144 proposing the sale of 12,059 shares of common stock through E*Trade on 08/20/2025 for an aggregate market value of $44,015.35. The shares were acquired on 08/19/2025 upon vesting of Restricted Stock Units awarded under the Issuer's 2021 Equity Incentive Plan, totaling 32,657 shares acquired on that date and paid as equity compensation. The filing reports 111,269,491 shares outstanding. It also discloses a prior sale by the same person of 12,017 shares on 05/21/2025 for gross proceeds of $63,930.44. The notice includes the required representation that the seller is not aware of undisclosed material information.
Positive
- Clear compliance with Rule 144 disclosure including acquisition date, broker, and planned sale date
- Transparency on origin of shares showing they were acquired via RSU vesting under the 2021 Equity Incentive Plan
Negative
- Insider selling activity is disclosed, which some investors may view unfavorably despite small size
Insights
TL;DR: Small, scheduled insider sale of vested RSUs, unlikely to be material relative to total shares outstanding.
The filing documents a planned sale of 12,059 common shares acquired on 08/19/2025 via RSU vesting and slated for sale on 08/20/2025 through E*Trade. With 111,269,491 shares reported outstanding, the proposed sale represents roughly 0.0108% of outstanding shares, indicating negligible direct market impact. The prior sale of 12,017 shares on 05/21/2025 is disclosed, demonstrating recent liquidity activity by the same person. No financial results, change in control, or regulatory issues are disclosed in this filing.
TL;DR: Filing meets Rule 144 disclosure for disposition of vested equity; it documents compliance and the seller's attestation about material nonpublic information.
The Form 144 shows the sale arises from equity compensation under the 2021 Equity Incentive Plan and includes the seller's certification regarding material information. This is routine governance disclosure for insiders selling vested shares. The filing contains dates of acquisition and payment method and lists the broker and anticipated sale date, fulfilling Rule 144 notice requirements. There are no indications of plan adoption dates or 10b5-1 plans provided in the remarks section.