Eric Liaw - 31 May 2023 Form 4 Insider Report for Honest Company, Inc. (HNST)

Role
Director
Signature
/s/ Tracy Hogan, Attorney-In-Fact Eric Liaw
Issuer symbol
HNST
Transactions as of
31 May 2023
Transactions value $
$0
Form type
4
Filing time
02 Jun 2023, 18:59:49 UTC
Previous filing
26 May 2023
Next filing
15 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNST Common Stock Other $0 -8.36K -4.6% $0.00 173K 31 May 2023 Direct F1, F2, F3
transaction HNST Common Stock Other $0 -48.6K -28.05% $0.00 125K 02 Jun 2023 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the transfer to Institutional Venture Management XIII, LLC ("IVM XIII") of shares received upon the vesting of certain restricted stock unit awards received by the Reporting Person for service on the Issuer's board of directors in accordance with the Director Compensation Assignment Agreement described in footnote (3) below.
F2 Consists of (i) 48,615 shares of Common Stock and (ii) 124,670 Restricted Stock Units.
F3 The Reporting Person 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 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 of the equity awards granted to the Reporting Person. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
F4 Consists of Restricted Stock Units.