Jack Hartung - Jan 1, 2023 Form 4 Insider Report for Honest Company, Inc. (HNST)

Role
Director
Signature
/s/ Brendan Sheehey, Attorney-in-Fact
Stock symbol
HNST
Transactions as of
Jan 1, 2023
Transactions value $
$65,037
Form type
4
Date filed
1/4/2023, 05:32 PM
Previous filing
Jan 3, 2023
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNST Common Stock Award $65K +22.5K +20.87% $2.89 130K Jan 1, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Issuer's Non-Employee Director Compensation Policy, directors may elect to receive an award of restricted stock units (RSUs) in lieu of an annual cash retainer for their service on the board. In accordance with the reporting person's election, the reporting person was issued the RSUs for the fiscal year 2023. The RSUs vest in four installments: 5,626 RSUs on March 31, 2023, 5,626 RSUs on June 30, 2023, 5,626 RSUs on September 30, 2023 and 5,626 RSUs on December 31, 2023 and are payable in an equivalent number of shares of the Issuer's Common Stock. The Issuer made a deferral election to settle these RSUs in a single lump sum installment in whole shares on the earlier of (a) immediately prior to a change of control or (b) within 60 days following the reporting party's separation date or death, whichever is earlier.
F2 The number of shares of RSUs is equal to $65,000 divided by $2.89, the average of the closing price of the Issuer's common stock on the Nasdaq Global Select Market for the 30 days prior to the date of grant.
F3 Includes 119,734 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.