Honest CEO sells 119K shares to cover taxes
Honest Company, Inc. CEO Carla Vernon reported an open-market sale of 119,389 shares of common stock at a weighted average price of $3.14 per share.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Honest Company, Inc. CEO Carla Vernon reported an open-market sale of 119,389 shares of common stock at a weighted average price of $3.14 per share. According to the disclosure, this transaction was executed under an approved sell-to-cover plan solely to satisfy tax liabilities triggered by the vesting of previously granted Restricted Stock Units. After the sale, she directly holds 3,946,451 shares of common stock and also has 2,590,464 RSUs that are payable in an equivalent number of Honest common shares.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 119,389 | $3.14 | $375K |
Footnotes (3)
- F1. 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).
- F2. 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.
- F3. Includes 2,590,464 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.
Key Figures
Key Terms
sell-to-cover plan financial
Restricted Stock Units (RSUs) financial
weighted average price financial
vesting financial
AI-generated analysis. How Rhea-AI works. Not financial advice.