David Loretta - Nov 1, 2023 Form 4 Insider Report for Honest Company, Inc. (HNST)

Role: Chief Financial Officer
Signature: /s/ Brendan Sheehey, Attorney-in-Fact
Stock symbol: HNST
Transactions as of: Nov 1, 2023
Transactions value $: $1,001,102
Form type: 4
Date filed: 11/3/2023, 05:37 PM
Previous filing: Oct 5, 2023
Next filing: Mar 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNST	Common Stock	Award	$1M	+827K		$1.21	827K	Nov 1, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On November 1, 2023, the Compensation Committee of the Issuer's Board of Directors approved a grant to the Reporting Person with a grant date of November 1, 2023 in the number of Restricted Stock Units ("RSUs") in Table I, Box 4 above, pursuant to the Issuer's 2023 Inducement Plan and in accordance with the terms of the Reporting Person's employment agreement effective September 25, 2023. The RSUs are payable in an equivalent number of shares of the Issuer's common stock. 25% of the RSUs vest on August 19, 2024 and an additional 6.25% of the RSUs vesting on each quarterly vesting date thereafter, subject to the Reporting Person's continued employment with the Issuer and the vesting acceleration provisions set forth in the Reporting Person's previously disclosed employment agreement.

Content

On November 1, 2023, the Compensation Committee of the Issuer's Board of Directors approved a grant to the Reporting Person with a grant date of November 1, 2023 in the number of Restricted Stock Units ("RSUs") in Table I, Box 4 above, pursuant to the Issuer's 2023 Inducement Plan and in accordance with the terms of the Reporting Person's employment agreement effective September 25, 2023. The RSUs are payable in an equivalent number of shares of the Issuer's common stock. 25% of the RSUs vest on August 19, 2024 and an additional 6.25% of the RSUs vesting on each quarterly vesting date thereafter, subject to the Reporting Person's continued employment with the Issuer and the vesting acceleration provisions set forth in the Reporting Person's previously disclosed employment agreement.