Honest Company (HNST) SVP sells shares in tax sell-to-cover trade
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 14,866 shares of common stock on March 5, 2026. According to the disclosure, the shares were sold solely to cover tax withholding on the vesting of a previously granted restricted stock unit award.
The weighted average sale price was $2.85 per share, with individual trades executed between $2.85 and $2.87. After these transactions, Sternweis directly owned 467,470 shares of Honest Company stock, including 349,154 restricted stock units that are payable in an equivalent number of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,866 shares ($42,368)
Net Sell
1 txn
Insider
Sternweis Thomas
Role
SVP, Enterprise Dev. & Strat.
Sold
14,866 shs ($42K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,866 | $2.85 | $42K |
Holdings After Transaction:
Common Stock — 467,470 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 349,154 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.
FAQ
What insider transaction did HNST executive Thomas Sternweis report?
Thomas Sternweis reported selling 14,866 shares of Honest Company common stock in an open-market transaction. The shares were sold on March 5, 2026 under an approved sell-to-cover plan to satisfy tax obligations from the vesting of restricted stock units.
Was the HNST insider stock sale discretionary or for tax withholding?
The sale was conducted solely to cover tax liabilities from a vesting restricted stock unit award. The filing states it was made under an approved sell-to-cover plan for executive officers, indicating a tax-withholding driven transaction rather than a discretionary portfolio decision.
What does the 349,154 RSUs figure mean for HNST insider ownership?
The filing states Sternweis holds 349,154 restricted stock units (RSUs). Each RSU represents a right to receive one share of Honest Company common stock, so these units will convert into the same number of shares as they vest and settle over time.
What transaction code was used in the HNST Form 4, and what does it indicate?
The transaction used code “S”, described as a sale in an open market or private transaction. Combined with the footnote, this indicates an open-market sale executed under a sell-to-cover plan to satisfy tax withholding obligations on vested restricted stock units.