Sheehey Brendan 4

What Happened

• Brendan Sheehey, General Counsel of Honest Company (HNST), sold 22,556 shares on 2026-03-05 in an open-market/private sale (reported as a sale) for total proceeds of $64,285. The reported weighted-average price was $2.85 per share (sales ranged $2.85–$2.87).
• The sale was made pursuant to an approved sell-to-cover plan to cover the tax withholding on the vesting of previously granted Restricted Stock Units (RSUs), so this is a routine tax-withholding sale rather than a discretionary sell for investment reasons.

Key Details

• Transaction date: 2026-03-05; filing date: 2026-03-09 (timely filed).
• Shares sold: 22,556; weighted-average price: $2.85; price range: $2.85–$2.87; proceeds: $64,285.
• Shares owned after transaction: filing discloses 383,568 RSUs payable in shares (footnote); total beneficial shares outstanding for the insider after the sale is not separately reported on the Form 4.
• Notable footnotes: F1 — sale was a sell-to-cover authorized by the Compensation Committee to satisfy tax liability from RSU vesting; F2 — price is a weighted average across multiple trades (issuer or SEC staff can request per-trade breakdown); F3 — 383,568 RSUs are payable in shares.
• Transaction code: S = Sale.

Context

• This was a routine sell-to-cover tied to RSU vesting and tax withholding; such transactions are common and do not necessarily signal insider sentiment about the company’s stock.
• No purchase or exercise activity was reported in this filing.