Institutional Venture Management XIII, LLC - May 24, 2023 Form 4 Insider Report for Honest Company, Inc. (HNST)

Role
10%+ Owner
Signature
Institutional Venture Management XIII, LLC By: /s/ Tracy Hogan,Attorney-In-Fact
Stock symbol
HNST
Transactions as of
May 24, 2023
Transactions value $
$0
Form type
4
Date filed
5/26/2023, 06:22 PM
Previous filing
Jan 4, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNST Common Stock (RSUs) Other $0 +106K +109.62% $0.00 202K May 24, 2023 By Institutional Venture Management XIII, LLC F1, F2, F3
holding HNST Common Stock 10.4M May 24, 2023 By Institutional Venture Partners XIII, L.P. F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Eric Liaw has entered into a Director Compensation Assignment Agreement, pursuant to which he has agreed to assign the beneficial interest in any equity awards granted to him for his service as director of the Issuer to Institutional Venture Management XIII, LLC ("IVM XIII").
F2 The RSUs vest on the earlier of (i) May 24, 2024, and (ii) the date immediately prior to the 2024 Annual Meeting of stockholders and are payable in an equivalent number of shares of the Issuer's Common Stock.
F3 The shares are held of record or beneficially by IVM XIII. Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller and Dennis B. Phelps, Jr. as the managing directors of IVM XIII, may be deemed to have shared beneficial ownership with respect to the shares held of record or beneficially by IVM XIII. Each of the foregoing entities and individuals disclaims beneficial ownership of the securities reported herein, except to the extent of its or his respective pecuniary interest therein.
F4 The shares are held of record by Institutional Venture Partners XIII, L.P. ("IVP XIII"). IVM XIII is the general partner of IVP XIII. Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller and Dennis B. Phelps, Jr. as the managing directors of IVM XIII, may be deemed to have shared voting and dispositive power with respect to the shares held by IVP XIII. Each of IVM XIII and the managing directors disclaims beneficial ownership of the securities reported herein, except to the extent of its or his respective pecuniary interest therein.