THC Shared Abacus, LP - 07 May 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
Issuer symbol: HNST
Transactions as of: 07 May 2021
Net transactions value: -$304,287,120
Form type: 4
Filing time: 11 May 2021, 18:45:24 UTC
Next filing: 20 Sep 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNST	Common Stock	Conversion of derivative security		+1,934,226	+9.2%		22,847,364	07 May 2021	Direct	F1, F2
transaction	HNST	Common Stock	Conversion of derivative security		+3,239,594	+14%		26,086,958	07 May 2021	Direct	F2, F3
transaction	HNST	Common Stock	Conversion of derivative security		+5,100,790	+20%		31,187,748	07 May 2021	Direct	F2, F4
transaction	HNST	Common Stock	Sale	$304,287,120	-19,017,945	-61%	$16.00^*	12,169,803	07 May 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	-1,934,226	-100%	$0.000000^*	0	07 May 2021	Common Stock	1,934,226		Direct	F1, F2
transaction	HNST	Series A-1 Preferred Stock	Conversion of derivative security	$0	-3,239,594	-100%	$0.000000^*	0	07 May 2021	Common Stock	3,239,594		Direct	F2, F3
transaction	HNST	Series F Preferred Stock	Conversion of derivative security	$0	-5,100,790	-100%	$0.000000^*	0	07 May 2021	Common Stock	5,100,790		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.