Sternweis Thomas 4
4 · Honest Company, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Honest Company (HNST) SVP Thomas Sternweis Sells 14,866 Shares
What Happened
Thomas Sternweis, SVP, Enterprise Development & Strategy at Honest Company (HNST), sold 14,866 shares in an open-market/private sale on March 5, 2026. The shares were sold at a weighted average price of $2.85 (individual trades ranged $2.85–$2.87), generating approximately $42,368 in proceeds. This was a sale (not a purchase) and was executed solely to cover tax withholding on recently vested RSUs.
Key Details
- Transaction date: March 5, 2026; Form filed March 9, 2026 (four days after the trade). Form 4s are generally due within 2 business days, so this filing appears later than typical timing.
- Price: Weighted average $2.85; sale prices ranged $2.85–$2.87 (report notes full breakdown available on request).
- Shares sold: 14,866; Proceeds: ~$42,368.
- Shares owned after transaction: Filing notes holdings "include 349,154 RSUs payable in shares" (footnote). The filing does not state a separate total beneficial ownership number in the summary provided here.
- Footnotes: F1 — sale pursuant to an approved sell-to-cover plan to satisfy tax withholding on vested RSUs; F2 — weighted average price and range; F3 — 349,154 RSUs included in holdings.
Context
This was a routine sell-to-cover transaction tied to RSU vesting (tax withholding), which is common and not necessarily an indicator of an executive's view on the company. Sales to satisfy tax liabilities are administrative and differ from discretionary insider selling for diversification or liquidity.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-05$2.85/sh−14,866$42,368→ 467,470 total
Footnotes (3)
- [F1]Pursuant to the approved sell-to-cover plan by the Compensation Committee for all executive officers, shares were sold solely to cover the associated tax liability upon the vesting of a previously granted award of Restricted Stock Units (RSUs).
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.85 to $2.87, inclusive. The reporting person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F3]Includes 349,154 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.