Sanborn Scott 4
4 · Happen, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Happen (HAPN) CEO Sanborn Scott Sells 25,000 Shares
What Happened Sanborn Scott, CEO and director of Happen, Inc. (HAPN), sold 25,000 shares in an open-market transaction on July 1, 2026 for total proceeds of approximately $525,028. The filing reports a weighted-average price of $21.00 per share (trade prices ranged $21.00–$21.03). This was a sale — often a routine liquidity or diversification action rather than a directional bet on the company.
Key Details
- Transaction date: July 1, 2026 (Filed: July 2, 2026) — filing appears timely (one day after the trade).
- Shares sold: 25,000; weighted-average price: $21.00; price range: $21.00–$21.03; total proceeds reported: $525,028.
- Shares owned after transaction: Not specified in the information provided.
- Footnote: Transaction was effected under a Rule 10b5-1 trading plan established to diversify the reporting person’s holdings; per the company’s 10‑Q (period ending Mar 31, 2026) the maximum number of shares that can be sold under the plan, inclusive of this sale, represents 9.4% of the reporting person’s equity interest.
- Execution detail: Trades occurred in multiple executions during the date; the filer offers to provide a full breakdown of quantities/prices on request.
Context This sale was made under a pre-arranged 10b5-1 plan, which typically sets predetermined sale parameters and is commonly used for routine diversification. Such sales do not necessarily signal management’s view of company prospects; they often reflect personal liquidity or portfolio-management needs.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-07-01$21.00/sh−25,000$525,028→ 1,536,063 total
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.