James D. White - 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 $
$135,076
Form type
4
Date filed
1/4/2023, 03:46 PM
Previous filing
Dec 8, 2022
Next filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNST Common Stock Award $135K +46.7K +45.89% $2.89 149K 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: 11,684 RSUs on March 31, 2023, 11,685 RSUs on June 30, 2023, 11,685 RSUs on September 30, 2023 and 11,685 RSUs on December 31, 2023 and are payable in an equivalent number of shares of the Issuer's Common Stock.
F2 The number of shares of RSUs is equal to $135,000 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 103,062 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.