Sternweis Thomas 4

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.