Honest Company (HNST) SVP tax sell-to-cover of 6,673 shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Honest Company, Inc. senior vice president Thomas Sternweis reported an open-market sale of 6,673 shares of common stock at a weighted average price of $3.14 per share. According to the company’s compensation plan, the shares were sold solely to cover tax obligations from the vesting of a prior restricted stock unit award.
After this sell-to-cover transaction, Sternweis directly holds 460,797 shares of Honest Company common stock, which includes 331,034 restricted stock units payable in an equivalent number of shares. The filing reflects a routine tax-related disposition rather than a discretionary reduction of his overall equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 6,673 shares ($20,953)
Net Sell
1 txn
Insider
Sternweis Thomas
Role
SVP, Enterprise Dev. & Strat.
Sold
6,673 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,673 | $3.14 | $21K |
Holdings After Transaction:
Common Stock — 460,797 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 331,034 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.
Key Figures
Shares sold: 6,673 shares
Sale price: $3.14 per share
Post-transaction holdings: 460,797 shares
+2 more
5 metrics
Shares sold
6,673 shares
Open-market sale on 2026-05-20
Sale price
$3.14 per share
Weighted average sale price
Post-transaction holdings
460,797 shares
Direct ownership after sale
RSUs included in holdings
331,034 RSUs
Payable in equivalent shares of common stock
Net share direction
-6,673 shares
Net-sell in transaction summary
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 for all executive officers, shares were sold solely to cover the associated tax liability"
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, inclusive."
FAQ
What insider transaction did Honest Company (HNST) report for Thomas Sternweis?
Honest Company reported that executive Thomas Sternweis sold 6,673 shares of common stock at a weighted average price of $3.14 per share. The sale was described as a sell-to-cover transaction tied to tax obligations from vesting restricted stock units.
Was the Honest Company (HNST) insider sale part of a planned program?
The transaction occurred under an approved sell-to-cover plan established by the company’s Compensation Committee for all executive officers. Such plans standardize tax-related sales linked to equity vesting, making the timing more administrative than a discretionary market-timing decision by the individual executive.