Happen CEO Scott Sanborn Sells Shares Worth $551,137.50
CEO Scott Sanborn sold 28,750 shares of Happen, Inc. in a planned transaction.
Key Points
- Happen, Inc. CEO Scott Sanborn sold 28,750 shares on June 24, 2026, for an average price of $19.17.
- Shares of HAPN traded near $20.1 on Saturday, with a market cap of about $2.32 billion.
- Happen, Inc. operates as a bank holding company providing financial services and lending products.
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Happen, Inc. CEO Scott Sanborn sold 28,750 shares of the company on June 24, 2026, at an average price of $19.17 per share. The transaction was valued at approximately $551,137.50 and was part of a planned sale under Rule 10b5-1.
Insider Buying and Selling at Happen, Inc.
Scott Sanborn, the CEO of Happen, Inc., executed a planned sale of 28,750 shares on June 24, 2026. The shares were sold at an average price of $19.17, totaling about $551,137.50. This transaction was made under a Rule 10b5-1 plan, which allows company insiders to sell a predetermined number of shares at a set time.
Happen, Inc. Stock Up 12.4%
Shares of NasdaqGM:HAPN traded near $20.1 on Saturday. Happen, Inc. has a market capitalization of approximately $2.32 billion and a P/E ratio of 13.4. The stock's 52-week range spans from a low of $11.75 to a high of $21.67. Its 50-day moving average is $17.28, while the 200-day moving average stands at $17.10. The company maintains a current ratio of 2.76 and a quick ratio of 1.93, with a debt-to-equity ratio of 0.82.
$HAPN stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
For the most recent quarter, Happen, Inc. reported revenue of about $1.37 billion, reflecting a 12.5% growth rate. The company's net margin was approximately 12.8%, with a return on equity of 12.2%. Earnings per share were reported at $1.50. The next earnings report is scheduled for July 28, 2026.
About Happen, Inc.
Happen, Inc. is a bank holding company based in San Francisco, California. The company provides a variety of financial services, including savings and checking accounts, certificates of deposit, and consumer and commercial loans. It also operates a lending marketplace platform. Happen caters to individual consumers and small businesses, offering products like unsecured loans, auto refinance loans, and small business loans. Formerly known as LendingClub Corporation, the company rebranded to Happen, Inc. in June 2026. It was incorporated in 2006 and employs approximately 1,075 people.
Bottom Line
Scott Sanborn's recent share sale at Happen, Inc. was part of a planned transaction and reflects typical insider activity. Investors often keep an eye on such transactions for insights into company leadership's actions. As a reminder, insider transactions like these are disclosed after they occur and do not necessarily indicate future stock performance.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.