Honest Company (HNST) SVP sells 12,179 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Honest Company, Inc. Senior Vice President of Supply Chain von Kunssberg Etienne sold 12,179 shares of common stock in an open-market transaction at a weighted average price of $2.85 per share. The sale was made solely to cover tax liabilities from vesting RSUs, and 308,710 shares remained held afterward, including 292,108 RSUs payable in shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,179 shares ($34,710)
Net Sell
1 txn
Insider
von Kunssberg Etienne
Role
SVP, Supply Chain
Sold
12,179 shs ($35K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,179 | $2.85 | $35K |
Holdings After Transaction:
Common Stock — 308,710 shares (Direct)
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 $2.85 to $2.87, 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 292,108 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.
FAQ
What insider transaction did Honest Company (HNST) report for von Kunssberg Etienne?
Honest Company reported that SVP, Supply Chain von Kunssberg Etienne sold 12,179 shares of common stock. The transaction was an open-market sale linked to tax withholding on vesting RSUs under an approved sell-to-cover plan.
What does the RSU footnote in the Honest Company (HNST) Form 4 mean?
The footnote explains that 292,108 of the reported holdings are Restricted Stock Units. Each RSU is payable in one share of Honest Company common stock, so these units will convert into the same number of shares when they settle.
Was the Honest Company (HNST) insider sale part of a planned program?
Yes. The sale was executed under an approved sell-to-cover plan adopted by the Compensation Committee for all executive officers. Under this plan, shares are sold automatically to cover tax obligations arising from RSU vesting events.