Sanborn Scott 4

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.