Alex Bard - Jul 28, 2021 Form 4 Insider Report for Hims & Hers Health, Inc. (HIMS)

Role
Director
Signature
Soleil Boughton - Attorney-in-Fact
Stock symbol
HIMS
Transactions as of
Jul 28, 2021
Transactions value $
$667,529
Form type
4
Date filed
7/30/2021, 08:49 PM
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIMS Class A Common Stock Options Exercise $20K +1.74K +0.56% $11.50 313K Jul 28, 2021 Held by Redpoint Associates VI, L.L.C. F1, F3
transaction HIMS Class A Common Stock Options Exercise $648K +56.3K +0.56% $11.50 10.1M Jul 28, 2021 Held by Redpoint Ventures VI, L.P. F1, F3
transaction HIMS Class A Common Stock Tax liability -1.28K -0.41% 312K Jul 28, 2021 Held by Redpoint Associates VI, L.L.C. F1, F2, F3
transaction HIMS Class A Common Stock Tax liability -41.3K -0.41% 10.1M Jul 28, 2021 Held by Redpoint Ventures VI, L.P. F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HIMS Warrant (right to buy) Options Exercise $0 -1.74K -100% $0.00* 0 Jul 28, 2021 Class A Common Stock 1.74K $11.50 Held by Redpoint Associates VI, L.L.C. F3
transaction HIMS Warrant (right to buy) Options Exercise $0 -56.3K -100% $0.00* 0 Jul 28, 2021 Class A Common Stock 56.3K $11.50 Held by Redpoint Ventures VI, L.P. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RV VI and RA VI (as defined below) exercised warrants to purchase shares of the Issuer's Class A Common Stock. The warrants were exercised on a cashless basis pursuant to Section 6.2 of that certain Warrant Agreement, by and between the Issuer and Continental Stock Transfer & Trust, dated, July 22, 2019 (the "Warrant Agreement"), following the Issuer's Notice of Redemption dated July 9, 2021. In the cashless exercise, under the terms of the Warrant Agreement, RV VI and RA VI received 0.267 shares per warrant exercised and the Issuer withheld 0.733 shares per warrant exercised. The exercise of the warrants, the withholding of shares of Class A Common Stock in the cashless exercises and the resulting issuance of the net shares of Class A Common Stock were exempt under Rule 16b-3 of the Securities Exchange Act of 1934, as amended.
F2 Represents shares of Class A Common Stock withheld in connection with the cashless exercises.
F3 Alex Bard is one of several members of Redpoint Ventures VI, L.L.C., the general partner of Redpoint Ventures VI, L.P. ("RV VI"), and Redpoint Associates VI, L.L.C. ("RA VI"). Mr. Bard may be deemed a beneficial owner of the securities held by RV VI and RA VI, but disclaims beneficial ownership thereof, except to the extent of any pecuniary interest therein.