Happen CEO sells 25,000 shares in trading plan
Happen, Inc. CEO and director Sanborn Scott sold 25,000 shares of Common Stock in an open-market transaction at a weighted-average price of $21.0011 per share.
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Form Type
4
Rhea-AI Filing Summary
Happen, Inc. CEO and director Sanborn Scott sold 25,000 shares of Common Stock in an open-market transaction at a weighted-average price of $21.0011 per share. After the sale, he directly holds 1,536,063 shares.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan to diversify his assets. As previously disclosed, the maximum number of shares that can be sold under this plan, including this transaction, represents 9.4% of his equity interest in Happen.
Insider Trade Summary 10b5-1
Net Seller: 25,000 shares
Net Sell
1 txn
Insider
Sanborn Scott
Role
CEO
Sold
25,000 shs ($525K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,000 | $21.0011 | $525K |
Holdings After Transaction:
Common Stock — 1,536,063 shares (Direct)
Footnotes (2)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan (the "Plan") to diversify the assets of the Reporting Person. As disclosed in, and as of the filing date of, the Issuer's Form 10-Q for the period ending March 31, 2026 the maximum number of shares that can be sold under the Plan, inclusive of the reported transaction, represents 9.4% of the Reporting Person's equity interest in the Issuer.
- F2. This transaction was executed in multiple trades during the date at prices ranging from $21.00 to $21.03. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
Key Figures
Shares sold: 25,000 shares
Weighted-average sale price: $21.0011 per share
Trade price range: $21.00–$21.03 per share
+2 more
5 metrics
Shares sold
25,000 shares
Open-market sale of Common Stock
Weighted-average sale price
$21.0011 per share
Open-market transaction on reported date
Trade price range
$21.00–$21.03 per share
Individual trades during execution
Direct holdings after sale
1,536,063 shares
Post-transaction direct ownership
Plan sale limit
9.4% of equity interest
Maximum shares saleable under Rule 10b5-1 plan
Key Terms
Rule 10b5-1 trading plan, weighted-average price, open-market sale, equity interest
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan (the "Plan")"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted-average price financial
"The weighted-average price is reported above."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
equity interest financial
"represents 9.4% of the Reporting Person's equity interest in the Issuer"
An equity interest is an ownership stake in a company that gives the holder a share of its assets, profits and sometimes voting power—think of owning a slice of a pie that grows or shrinks with the business. Investors care because the size and type of that stake determine how much they benefit from future gains, bear losses, receive dividends, or influence decisions, and it directly affects the value and risk of their investment.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Happen (HAPN) report for CEO Sanborn Scott?
Happen reported that CEO and director Sanborn Scott sold 25,000 shares of Common Stock in an open-market transaction. The sale occurred at a weighted-average price of $21.0011 per share, with individual trade prices ranging from $21.00 to $21.03 during the trading day.
What portion of the Happen (HAPN) CEO’s equity can be sold under his plan?
The filing notes that, as disclosed in Happen’s Form 10-Q for the quarter ended March 31, 2026, the maximum shares that can be sold under the CEO’s Rule 10b5-1 plan, including this transaction, represent 9.4% of his equity interest in the company.
How were the multiple trades in the Happen (HAPN) CEO’s sale reported?
The sale was executed in multiple trades between $21.00 and $21.03 per share, but the Form 4 reports a single weighted-average price of $21.0011. The reporting person has undertaken to provide full trade-level share and price details upon request to the SEC, Happen, or shareholders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
