SCHEDULE 13G/A: Divisadero Street Entities Update Passive Stake in Honest Company, Inc.
Beneficial Ownership Amendment
Divisadero Street Capital Management, LP and affiliated entities have filed an amendment to their Schedule 13G, disclosing their passive beneficial ownership in Honest Company, Inc. as of March 31, 2025.
Summary
- Divisadero Street Capital Management, LP, William Zolezzi, Divisadero Street Partners, L.P., Divisadero Street Partners GP, LLC, and Divisadero Street Capital, LLC have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of Honest Company, Inc. common stock.
- As of March 31, 2025, Divisadero Street Capital Management, LP, William Zolezzi, and Divisadero Street Capital, LLC each beneficially own 2,830,724 shares, representing 2.6% of Honest Company, Inc.'s common stock.
- Divisadero Street Partners, L.P. and Divisadero Street Partners GP, LLC each beneficially own 2,264,966 shares, representing 2.1% of Honest Company, Inc.'s common stock.
- All reporting persons share both voting and dispositive power over the reported shares.
- The filing indicates a passive investment intent, stating the securities were not acquired or held for the purpose of changing or influencing control of the issuer.
- William Zolezzi and Divisadero Street Capital, LLC may be considered control persons for Divisadero Street Capital Management, LP.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest positive or negative sentiment regarding the company's performance or outlook. It is a neutral regulatory filing.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership by institutional investors and individuals, common in the financial industry for transparency regarding significant stakes in publicly traded companies. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant passive ownership stakes held by Divisadero Street Capital Management, LP and its affiliates, confirming their current holdings and passive investment intent.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which required the filing of this statement (beneficial ownership position). |
| 05/15/2025 | Date of filing of Amendment No. 1 to Schedule 13G. |
Keywords
Honest Company Inc., Divisadero Street Capital Management, William Zolezzi, Schedule 13G/A, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing, Investment Adviser, Partnership
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