Lightspeed Venture Partners VIII Lp - May 7, 2021 Form 4 Insider Report for Honest Company, Inc. (HNST)

Role
10%+ Owner
Signature
LIGHTSPEED VENTURE PARTNERS VIII, L.P. By: Lightspeed General Partner VIII, L.P., its general partner By: Lightspeed Ultimate General Partner VIII, Ltd., its general partner By: /s/ Ravi Mhatre Duly Authorized Signatory
Stock symbol
HNST
Transactions as of
May 7, 2021
Transactions value $
-$23,200,160
Form type
4
Date filed
5/11/2021, 08:07 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNST Common Stock Conversion of derivative security $0 +9.64M $0.00 9.64M May 7, 2021 Direct F1
transaction HNST Common Stock Sale -$21.9M -1.37M -14.18% $16.00 8.27M May 7, 2021 Direct F1
transaction HNST Common Stock Conversion of derivative security $0 +612K $0.00 612K May 7, 2021 By Lightspeed Venture Partners Select, L.P. F2
transaction HNST Common Stock Sale -$1.32M -82.6K -13.51% $16.00 529K May 7, 2021 By Lightspeed Venture Partners Select, L.P. 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 -7.52M -100% $0.00* 0 May 7, 2021 Common Stock 7.52M $0.53 Direct F1, F3
transaction HNST Series A-1 Preferred Stock Conversion of derivative security $0 -825K -100% $0.00* 0 May 7, 2021 Common Stock 825K $1.82 Direct F1, F4
transaction HNST Series B Preferred Stock Conversion of derivative security $0 -228K -100% $0.00* 0 May 7, 2021 Common Stock 228K $5.49 Direct F1, F5
transaction HNST Series C Preferred Stock Conversion of derivative security $0 -103K -100% $0.00* 0 May 7, 2021 Common Stock 109K $13.53 Direct F1, F6
transaction HNST Series E Preferred Stock Conversion of derivative security $0 -955K -100% $0.00* 0 May 7, 2021 Common Stock 955K $9.80 Direct F1, F7
transaction HNST Series C Preferred Stock Conversion of derivative security $0 -517K -100% $0.00* 0 May 7, 2021 Common Stock 547K $13.53 By Lightspeed Venture Partners Select, L.P. F2, F6
transaction HNST Series E Preferred Stock Conversion of derivative security $0 -64.9K -100% $0.00* 0 May 7, 2021 Common Stock 64.9K $9.80 By Lightspeed Venture Partners Select, L.P. F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Lightspeed Venture Partners VIII Lp is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares held by Lightspeed Venture Partners VIII, L.P. ("Lightspeed VIII"). Lightspeed General Partner VIII, L.P. ("LGP VIII") is the general partner of Lightspeed VIII. Lightspeed Ultimate General Partner VIII, Ltd. ("LUGP VIII") is the general partner of LGP VIII. Barry Eggers, Ravi Mhatre and Peter Nieh are the directors of LUGP VIII and share voting and dispositive power with respect to the shares held by Lightspeed VIII. LGP VIII, LUGP VIII and Messrs. Eggers, Mhatre and Nieh disclaim beneficial ownership of the shares held by Lightspeed VIII except to the extent of their respective pecuniary interests therein.
F2 Shares held by Lightspeed Venture Partners Select, L.P. ("Lightspeed Select"). Lightspeed General Partner Select, L.P. ("LGP Select") is the general partner of Lightspeed Select. Lightspeed Ultimate General Partner Select, Ltd. ("LUGP Select") is the general partner of LGP Select. Barry Eggers, Jeremy Liew, Ravi Mhatre and Peter Nieh are the directors of LUGP Select and share voting and dispositive power with respect to the shares held by Lightspeed Select. LGP Select, LUGP Select and Messrs. Eggers, Liew, Mhatre and Nieh disclaim beneficial ownership of the shares held by Lightspeed Select except to the extent of their respective pecuniary interests therein.
F3 The shares of Series A Preferred Stock automatically converted into an equal number shares of common stock of the issuer immediately prior to consummation of the issuer's initial public offering. The shares of Series A Preferred Stock had no expiration date.
F4 The shares of Series A-1 Preferred Stock automatically converted into an equal number shares of common stock of the issuer immediately prior to consummation of the issuer's initial public offering. The shares of Series A-1 Preferred Stock had no expiration date.
F5 The shares of Series B Preferred Stock automatically converted into an equal number of shares of common stock of the issuer immediately prior to the issuer's initial public offering. The shares of Series B Preferred Stock had no expiration date.
F6 The shares of Series C Preferred Stock automatically converted into shares of common stock of the issuer immediately prior to consummation of the issuer's initial public offering on a 1-1.056925 basis. The shares of Series C Preferred Stock had no expiration date.
F7 The shares of Series E Preferred Stock automatically converted into an equal number of shares of common stock of the issuer immediately prior to the issuer's initial public offering. The shares of Series E Preferred Stock had no expiration date.