Honest Company (HNST) General Counsel sells 9,784 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Honest Company, Inc. General Counsel Brendan Sheehey sold 9,784 shares of common stock on May 20, 2026 at a weighted average price of $3.14 per share. According to the company’s approved sell-to-cover plan, the sale was made solely to cover tax liabilities from vesting Restricted Stock Units.
After this transaction, Sheehey directly holds 715,888 shares of common stock, including 356,993 RSUs that will settle in an equivalent number of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 9,784 shares ($30,722)
Net Sell
1 txn
Insider
Sheehey Brendan
Role
General Counsel
Sold
9,784 shs ($31K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,784 | $3.14 | $31K |
Holdings After Transaction:
Common Stock — 715,888 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: 9,784 shares
Average sale price: $3.14 per share
Sale price range: $3.14–$3.19 per share
+2 more
5 metrics
Shares sold
9,784 shares
Common stock sale on May 20, 2026
Average sale price
$3.14 per share
Weighted average price for the 9,784 shares sold
Sale price range
$3.14–$3.19 per share
Range of prices for multiple sale transactions
Shares held after transaction
715,888 shares
Direct common stock holdings following the sale
Restricted Stock Units held
356,993 RSUs
RSUs payable in an equivalent number of common shares
Key Terms
sell-to-cover plan, Restricted Stock Units (RSUs), weighted average price
3 terms
sell-to-cover plan financial
"Pursuant to the approved sell-to-cover plan by the Compensation Committee for all executive officers"
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.
FAQ
What insider transaction did Honest Company (HNST) report for Brendan Sheehey?
Honest Company reported that General Counsel Brendan Sheehey sold 9,784 shares of common stock. The shares were sold under an approved sell-to-cover plan to pay taxes arising from the vesting of a prior Restricted Stock Unit award, rather than as a discretionary sale.
What are the details of Brendan Sheehey’s Restricted Stock Units in HNST?
The Form 4 notes that Brendan Sheehey holds 356,993 Restricted Stock Units. Each RSU is payable in one share of Honest Company common stock, meaning these units will convert into an equal number of shares when they vest and are settled in accordance with award terms.