Portolan trims Honest Company (HNST) holdings to a 4.30% passive stake

Rhea-AI Filing Summary

The Honest Company, Inc. received an amended Schedule 13G/A from Portolan Capital Management, LLC and its manager George McCabe reporting their beneficial ownership of the company’s common stock. As of 12/31/2025, they report holding 4,804,206 shares, representing 4.30% of the outstanding common stock.

The filing shows Portolan and McCabe with sole voting and sole dispositive power over these shares, with no shared voting or dispositive power. They indicate that they now own 5 percent or less of the class and certify that the shares were not acquired to change or influence control of Honest Company.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

The Honest Company, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

438333106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 438333106

1

Names of Reporting Persons

Portolan Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,804,206.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,804,206.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,804,206.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.30 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 438333106

1

Names of Reporting Persons

George McCabe

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,804,206.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,804,206.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,804,206.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.30 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: The Honest Company, Inc.
(b)	Address of issuer's principal executive offices: 12130 Millennium Drive, #500, Los Angeles, CA 90094
Item 2.
(a)	Name of person filing: This statement is being filed with respect to the shares Common Stock of the Issuer beneficially owned (1) directly by Portolan Capital Management, LLC, a registered investment adviser, in its capacity as investment manager for various clients, and (2) indirectly by George McCabe, the Manager of Portolan Capital Management, LLC. Portolan Capital Management, LLC and Mr. McCabe are sometimes individually referred to herein as a "Reporting Person" and collectively as the "Reporting Persons."
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of the Reporting Persons is 2 International Place, FL 26, Boston, MA 02110
(c)	Citizenship: Portolan Capital Management, LLC - DE Mr. McCabe - USA
(d)	Title of class of securities: Common Stock, $0.0001 par value per share
(e)	CUSIP No.: 438333106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated by reference herein.
(b)	Percent of class: The information required by Item 4(b) is set forth in Row 11 of the cover page for each of the Reporting Persons and is incorporated by reference herein.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated by reference herein.
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated by reference herein.
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Portolan Capital Management, LLC

Signature:	George McCabe
Name/Title:	George McCabe/Manager
Date:	02/17/2026

George McCabe

Signature:	George McCabe
Name/Title:	George McCabe
Date:	02/17/2026

FAQ

What ownership stake in HNST does Portolan Capital report in this Schedule 13G/A?

Portolan Capital and George McCabe report beneficial ownership of 4,804,206 shares of The Honest Company, Inc. common stock, representing 4.30% of the class as of December 31, 2025. This stake is disclosed on an amended passive ownership basis.

Who are the reporting persons in the Honest Company (HNST) Schedule 13G/A filing?

The reporting persons are Portolan Capital Management, LLC, a Delaware investment adviser, and George McCabe, its Manager. The filing states Portolan holds the shares as investment manager for various clients, and McCabe is deemed an indirect beneficial owner through his role.

Does Portolan Capital have control over voting and disposition of HNST shares?

Yes. The filing lists sole voting power over 4,804,206 shares and sole dispositive power over the same number, with zero shared voting or dispositive power. This means Portolan and George McCabe alone direct how these shares are voted and potentially sold.

Is Portolan Capital reporting ownership of more than 5% of HNST common stock?

No. The filing explicitly notes ownership of 5 percent or less of the class. The reported 4.30% beneficial ownership of Honest Company common stock as of December 31, 2025 falls below the 5% threshold that typically triggers Schedule 13D disclosures.

What does the Schedule 13G/A say about Portolan’s intentions regarding control of The Honest Company (HNST)?

The certification states the securities were not acquired and are not held for the purpose or effect of changing or influencing control of The Honest Company. It characterizes the position as passive, aside from activities related to a nomination under Rule 14a-11, if any.

On what date is Portolan Capital’s HNST ownership measured in this Schedule 13G/A amendment?

The ownership information is measured as of December 31, 2025. On that date, Portolan Capital Management, LLC and George McCabe collectively reported beneficial ownership of 4,804,206 Honest Company common shares, equal to 4.30% of the outstanding class.