[144] The Honest Company, Inc. SEC Filing
Rhea-AI Filing Summary
The Honest Company (HNST) Form 144 shows a proposed sale of 99,328 shares of common stock via E*Trade on 08/20/2025 with an aggregate market value of $362,547.20 and 111,269,491 shares outstanding. The filer acquired 189,597 shares on 08/19/2025 upon vesting of Restricted Stock Units under the 2021 Equity Incentive Plan; the acquisition was recorded as equity compensation. The filing also reports a prior sale by Carla Vernon of 98,950 shares on 05/21/2025 for gross proceeds of $526,414. The notice includes the standard representation that the seller does not possess undisclosed material adverse information.
Positive
- Transparent disclosure of proposed sale details including broker, share counts, dates, and aggregate market value
- Acquisition source clearly identified as RSU vesting under the 2021 Equity Incentive Plan, classified as equity compensation
- Proposed sale size is small relative to the reported 111,269,491 shares outstanding (approximately 0.089%)
Negative
- Insider sale reported which may be viewed negatively by some investors despite being routine
- Prior recent sale of 98,950 shares on 05/21/2025 could prompt questions about insider selling frequency
Insights
TL;DR: Insider intends to sell vested equity; size is small relative to outstanding shares and appears routine.
The Form 144 documents a proposed sale of 99,328 shares valued at $362,547.20 following RSU vesting of 189,597 shares one day earlier. As a percentage, the proposed sale represents approximately 0.089% of the company's reported 111,269,491 outstanding shares, indicating a modest disposition rather than a large-scale liquidation. The filing also discloses a recent sale on 05/21/2025 of 98,950 shares for $526,414, suggesting prior transfers of similar magnitude. All acquisitions noted are equity compensation, and the notice contains the standard attestation regarding material undisclosed information.
TL;DR: Transaction is a routine insider sale tied to equity plan vesting; disclosure aligns with Rule 144 requirements.
The filer reports RSU vesting under the 2021 Equity Incentive Plan and subsequent notice to sell 99,328 shares through a broker on 08/20/2025. The documentation names the broker and provides dates and amounts consistent with required Rule 144 disclosures. No mention is made of any trading plan adoption or of material nonpublic information. From a governance perspective, the form contains the customary signature attestation and criminal warning language, fulfilling procedural obligations for a proposed insider sale.