Honest Company (HNST) innovation chief sells 12,886 shares in tax sell-to-cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Honest Company, Inc. Chief Innovation Officer Stephen Winchell reported an open-market sale of 12,886 shares of common stock on May 20, 2026. According to a sell-to-cover plan approved by the Compensation Committee, the shares were sold solely to cover tax liabilities from vesting Restricted Stock Units.
The weighted average sale price was $3.14 per share, with individual trades executed between $3.14 and $3.19. After this transaction, Winchell directly holds 483,293 common shares and has 356,993 RSUs outstanding, which are payable in an equivalent number of shares.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 12,886 shares ($40,462)
Net Sell
1 txn
Insider
Winchell Stephen
Role
Chief Innovation Officer
Sold
12,886 shs ($40K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,886 | $3.14 | $40K |
Holdings After Transaction:
Common Stock — 483,293 shares (Direct, null)
Footnotes (1)
- Pursuant to the approved sell-to-cover plan by the Compensation Committee for all executive officers, shares were sold solely to cover the associated tax liability upon the vesting of a previously granted award of Restricted Stock Units (RSUs). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.14 to $3.19, inclusive. The reporting person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. Includes 356,993 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.
Key Figures
Shares sold: 12,886 shares
Weighted average sale price: $3.14 per share
Sale price range: $3.14–$3.19 per share
+2 more
5 metrics
Shares sold
12,886 shares
Open-market sale on May 20, 2026
Weighted average sale price
$3.14 per share
Tax-related sell-to-cover transactions
Sale price range
$3.14–$3.19 per share
Multiple trades during the same transaction date
Shares held after transaction
483,293 shares
Direct common stock ownership following sale
Outstanding RSUs
356,993 RSUs
Payable in an equivalent number of common shares
Key Terms
sell-to-cover plan, Restricted Stock Units (RSUs), weighted average price, multiple transactions
4 terms
sell-to-cover plan financial
"Pursuant to the approved sell-to-cover plan by the Compensation Committee"
Restricted Stock Units (RSUs) financial
"upon the vesting of a previously granted award of Restricted Stock Units (RSUs)"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
multiple transactions financial
"These shares were sold in multiple transactions at prices ranging from $3.14 to $3.19"
FAQ
What insider transaction did Honest Company (HNST) disclose for Stephen Winchell?
Honest Company disclosed that Chief Innovation Officer Stephen Winchell sold 12,886 common shares. The sale was executed under an approved sell-to-cover plan to pay taxes triggered by vesting Restricted Stock Units, making it a routine, compensation-related transaction rather than a discretionary share sale.
What does the weighted average price mean in the Honest Company (HNST) Form 4?
The weighted average price of $3.14 reflects multiple trades executed between $3.14 and $3.19. Instead of listing each trade, the filing aggregates them into one average price, and the insider has committed to provide detailed trade breakdowns to regulators or the issuer upon request.