Sanborn Scott 4
4 · Happen, Inc. · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Happen (HAPN) CEO Sanborn Scott Sells 28,750 Shares
What Happened
Sanborn Scott, CEO and Director of Happen, Inc. (HAPN), sold 28,750 shares on July 15, 2026 for a weighted-average price of $20.08 per share, generating approximately $577,243 in proceeds. The sale was effected under a pre-established Rule 10b5-1 trading plan that the reporting person says was adopted to diversify personal holdings.
Key Details
- Transaction date: July 15, 2026; Form 4 filed July 17, 2026 (appears timely).
- Transaction type/code: Sale (S).
- Shares sold: 28,750; weighted-average price: $20.08; total proceeds reported: $577,243.
- Price range: executed in multiple trades on the same day at prices from $19.76 to $20.27 (footnote clarifies weighted average and availability of per-trade details upon request).
- Plan disclosure: Sale was made pursuant to a Rule 10b5-1 plan to diversify assets; the Form 10-Q for the quarter ended March 31, 2026 discloses that the maximum shares that may be sold under the plan (including this transaction) represent 9.4% of the reporting person’s equity interest.
- Shares owned after transaction: Not specified in this Form 4.
Context
This was a sale under a 10b5-1 plan (a common method for insiders to periodically sell shares), which the filer states was intended for diversification. Sales under 10b5-1 plans are typically pre-arranged and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
Form 4
Happen, Inc.HAPN
Sanborn Scott
DirectorCEO
Transactions
- Sale
Common Stock
[F1][F2]2026-07-15$20.08/sh−28,750$577,243→ 1,507,313 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 $19.76 to $20.27. 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.
Signature
/s/ Bhavit Sheth, attorney-in-fact|2026-07-17