THC Shared Abacus, LP - May 7, 2021 Form 4 Insider Report for Honest Company, Inc. (HNST)

Role
10%+ Owner
Signature
THC SHARED ABACUS, LP By: C8 Management, L.L.C., its General Partner By: /s/ J. Michael Chu Title: Authorized Person
Stock symbol
HNST
Transactions as of
May 7, 2021
Transactions value $
-$304,287,120
Form type
4
Date filed
5/11/2021, 06:45 PM
Next filing
Sep 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNST Common Stock Conversion of derivative security +1.93M +9.25% 22.8M May 7, 2021 Direct F1, F2
transaction HNST Common Stock Conversion of derivative security +3.24M +14.18% 26.1M May 7, 2021 Direct F2, F3
transaction HNST Common Stock Conversion of derivative security +5.1M +19.55% 31.2M May 7, 2021 Direct F2, F4
transaction HNST Common Stock Sale -$304M -19M -60.98% $16.00* 12.2M May 7, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HNST Series A Preferred Stock Conversion of derivative security $0 -1.93M -100% $0.00* 0 May 7, 2021 Common Stock 1.93M Direct F1, F2
transaction HNST Series A-1 Preferred Stock Conversion of derivative security $0 -3.24M -100% $0.00* 0 May 7, 2021 Common Stock 3.24M Direct F2, F3
transaction HNST Series F Preferred Stock Conversion of derivative security $0 -5.1M -100% $0.00* 0 May 7, 2021 Common Stock 5.1M Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Series A Preferred Stock converted into shares of Common Stock on a 1-for-1 basis immediately prior to the closing of the Issuer's initial public offering, and had no expiration date.
F2 Shares are held by THC Shared Abacus, LP. C8 Management, L.L.C. is the general partner of THC Shared Abacus, LP, and the management of C8 Management, L.L.C. is controlled by a managing board. J. Michael Chu and Scott A. Dahnke are the members of the managing board of C8 Management, L.L.C. and as such could be deemed to share voting control and investment power over shares that may be deemed to be beneficially owned by the entities affiliated with Catterton Management Company, L.L.C., but each disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Scott Dahnke is also a director of the Issuer and is making a separate Form 4 filing. The address of the entities and individuals mentioned in this footnote is 599 West Putnam Avenue, Greenwich, CT 06830.
F3 The shares of Series A-1 Preferred Stock converted into shares of Common Stock on a 1-for-1 basis immediately prior to the closing of the Issuer's initial public offering, and had no expiration date.
F4 The shares of Series F Preferred Stock converted into shares of Common Stock on a 1-for-1 basis immediately prior to the closing of the Issuer's initial public offering, and had no expiration date.