Ambar Bhattacharyya - Aug 6, 2021 Form 4 Insider Report for Hims & Hers Health, Inc. (HIMS)

Role: Director
Signature: /s/ Soleil Boughton - Attorney-in-Fact
Stock symbol: HIMS
Transactions as of: Aug 6, 2021
Transactions value $: $109,848
Form type: 4
Date filed: 8/9/2021, 09:00 PM
Next filing: Aug 18, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIMS	Class A Common Stock	Options Exercise	$39.2K	+3.41K	+0.56%	$11.50	614K	Aug 6, 2021	Held by Maverick Advisors Fund, L.P.	F1, F3
transaction	HIMS	Class A Common Stock	Options Exercise	$70.6K	+6.14K	+0.56%	$11.50	1.1M	Aug 6, 2021	Held by Maverick Ventures Investment Fund, L.P.	F1, F3
transaction	HIMS	Class A Common Stock	Tax liability		-2.5K	-0.41%		611K	Aug 6, 2021	Held by Maverick Advisors Fund, L.P.	F1, F2, F3
transaction	HIMS	Class A Common Stock	Tax liability		-4.5K	-0.41%		1.1M	Aug 6, 2021	Held by Maverick Ventures Investment Fund, 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	-3.41K	-100%	$0.00^*	0	Aug 6, 2021	Class A Common Stock	3.41K	$11.50	Held by Maverick Advisors Fund, L.P.	F3
transaction	HIMS	Warrant (right to buy)	Options Exercise	$0	-6.14K	-100%	$0.00^*	0	Aug 6, 2021	Class A Common Stock	6.14K	$11.50	Held by Maverick Ventures Investment Fund, L.P.	F3

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

Explanation of Responses:

Id	Content
F1	Maverick Advisors Fund, L.P. ("MAF LP") and Maverick Ventures Investment Fund, L.P. ("MVIF LP") exercised warrants to purchase shares of the Issuer's Class A Common Stock on July 28, 2021. 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, MAF LP and MVIF LP 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	The Reporting Person is a Member of Maverick Capital Ventures, LLC ("Maverick Ventures"), the general partner of MAF LP and MVIF LP. The Reporting Person disclaims beneficial ownership of the securities held by MAF LP and MVIF LP and this report shall not be deemed an admission that he is the beneficial owner of such securities, except to the extent of his indirect pecuniary interest therein, if any, by virtue of his interest in Maverick Ventures.