The Honest Company, Inc. reported that it has signed a new long-term lease for a future corporate headquarters in Playa Vista, California, creating a significant future lease obligation as its current headquarters lease nears expiration. On June 14, 2026, Honest entered into a lease agreement with Dellwood Farm LLC for approximately 38,240 rentable square feet at 12121 Bluff Creek Drive, Suite 500, in Playa Vista. The company said it intends to relocate its corporate headquarters to the new space by May 1, 2027. Its existing headquarters lease is scheduled to expire on April 30, 2027, making the new agreement part of a planned headquarters transition rather than an immediate move. The lease term will begin on the later of March 1, 2027, or the date when specified tenant improvements are substantially completed. The initial term runs for 10 years from the commencement date. Base rent is scheduled at $3.50 per square foot per month in the first year, $3.75 in the second year, $7.25 in the third year, and then increases annually to $9.224 per square foot per month by the tenth year. Honest will receive a 10-month rent abatement applied to the first 10 months of the third lease year. After accounting for that rent abatement, Honest expects total base rent over the initial 10-year term to be approximately $33.4 million. The company will also be responsible for additional charges such as taxes, insurance, maintenance and other operating expenses. Dellwood Farm will provide a one-time tenant improvement allowance of $180 per rentable square foot, equal to roughly $6.9 million based on the leased space. To secure its obligations, Honest must provide the landlord with an irrevocable $1.2 million letter of credit. The lease also gives the company one five-year renewal option and an ongoing right of first refusal for the remaining space on the building’s fifth floor. Honest also has certain early termination rights tied to severe casualty damage, eminent domain, or a prolonged landlord failure to cure an “abatement event,” such as failure to provide essential utilities, for 270 days. The company reported the lease under Item 1.01, “Entry into a Material Definitive Agreement,” and Item 2.03, covering the creation of a direct financial obligation or off-balance sheet obligation. The filing does not report any stock issuance, share sale, insider transaction, option exercise, or change in beneficial ownership; its significance is the disclosure of a material real estate commitment tied to Honest’s future headquarters operations.