Jules A. Maltz - 30 Jul 2021 Form 4 Insider Report for Hims & Hers Health, Inc. (HIMS)

Role: Director, 10%+ Owner
Signature: Soleil Boughton - Attorney-in-Fact
Issuer symbol: HIMS
Transactions as of: 30 Jul 2021
Net transactions value: +$1,310,046
Form type: 4
Filing time: 03 Aug 2021, 21:00:31 UTC
Next filing: 02 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIMS	Class A Common Stock	Options Exercise	$3,416	+297	+0.55%	$11.50	54,192	30 Jul 2021	Held by Institutional Venture Partners XV Executive Fund, L.P.	F1, F3
transaction	HIMS	Class A Common Stock	Options Exercise	$651,578	+56,659	+0.56%	$11.50	10,189,290	30 Jul 2021	Held by Institutional Venture Partners XV, L.P.	F1, F3
transaction	HIMS	Class A Common Stock	Options Exercise	$655,052	+56,961	+0.56%	$11.50	10,243,499	30 Jul 2021	Held by Institutional Venture Partners XVI, L.P.	F1, F3
transaction	HIMS	Class A Common Stock	Tax liability		-218	-0.4%		53,974	30 Jul 2021	Held by Institutional Venture Partners XV Executive Fund, L.P.	F1, F2, F3
transaction	HIMS	Class A Common Stock	Tax liability		-41,532	-0.41%		10,147,758	30 Jul 2021	Held by Institutional Venture Partners XV, L.P.	F1, F2, F3
transaction	HIMS	Class A Common Stock	Tax liability		-41,753	-0.41%		10,201,746	30 Jul 2021	Held by Institutional Venture Partners XVI, 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	-297	-50%	$0.000000	297	30 Jul 2021	Class A Common Stock	297	$11.50	Held by Institutional Venture Partners XV Executive Fund, L.P.	F3
transaction	HIMS	Warrant (right to buy)	Options Exercise	$0	-56,659	-50%	$0.000000	56,659	30 Jul 2021	Class A Common Stock	56,659	$11.50	Held by Institutional Venture Partners XV, L.P.	F3
transaction	HIMS	Warrant (right to buy)	Options Exercise	$0	-56,961	-50%	$0.000000	56,961	30 Jul 2021	Class A Common Stock	56,961	$11.50	Held by Institutional Venture Partners XVI, L.P.	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	IVP XV Executive Fund, IVP XV and IVP XVI (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, IVP XV Executive Fund, IVP XV and IVP XVI 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	Mr. Maltz is a managing director of Institutional Venture Management XV LLC, which is the general partner of Institutional Venture Partners XV Executive Fund, L.P. ("IVP XV Executive Fund") and Institutional Venture Partners XV, L.P. ("IVP XV"), and Institutional Venture Management XVI LLC, which is the general partner of Institutional Venture Partners XVI, L.P. ("IVP XVI"). Mr. Maltz may be deemed a beneficial owner of the securities held by IVP XV Executive Fund, IVP XV and IVP XVI, but disclaims beneficial ownership thereof, except to the extent of any pecuniary interest therein.