Carla Vernon - 21 Mar 2023 Form 4 Insider Report for Honest Company, Inc. (HNST)

Role: Chief Executive Officer, Director
Signature: /s/ Brendan Sheehey, Attorney-in-Fact
Issuer symbol: HNST
Transactions as of: 21 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 23 Mar 2023, 17:19:10 UTC
Previous filing: 17 Jan 2023
Next filing: 25 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNST	Common Stock	Award	$0	+1,845,238		$0.000000	1,845,238	21 Mar 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On March 14, 2023, the Compensation Committee of the Issuer's Board of Directors approved a grant to the Reporting Person with a grant date of March 21, 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 January 9, 2023. The RSUs are payable in an equivalent number of shares of the Issuer's common stock. 25% of the RSUs vest on March 4, 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 March 14, 2023, the Compensation Committee of the Issuer's Board of Directors approved a grant to the Reporting Person with a grant date of March 21, 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 January 9, 2023. The RSUs are payable in an equivalent number of shares of the Issuer's common stock. 25% of the RSUs vest on March 4, 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.