Oluyemi Okupe - Feb 24, 2022 Form 4 Insider Report for Hims & Hers Health, Inc. (HIMS)

Role: Chief Financial Officer
Signature: /s/ Soleil Boughton, Attorney-in-Fact
Stock symbol: HIMS
Transactions as of: Feb 24, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/28/2022, 07:57 PM
Previous filing: Feb 1, 2022
Next filing: May 23, 2022

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	Restricted Stock Unit	Award	$0	+838K		$0.00	838K	Feb 24, 2022	Class A Common Stock	838K		Direct	F1
transaction	HIMS	Stock Option (right to buy)	Award	$0	+1.03M		$0.00	1.03M	Feb 24, 2022	Class A Common Stock	1.03M	$5.01	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 4-year period, with 25% of the RSUs vesting on the first Company Quarterly Vesting Date occurring on or following the one-year anniversary of the Vesting Commencement Date of March 15, 2022, and the remaining 75% of the Company RSUs vesting in equal quarterly installments over the following 3 years, on the specified vesting dates of March 15, June 15, September 15 and December 15 (each, a "Company Quarterly Vesting Date") occurring thereafter, subject to the individual's continuous service with the Company.
F2	25% of the options will vest on the twelve (12) month anniversary of the Vesting Commencement Date of January 24, 2022. The balance of the shares shall vest in a series of thirty-six (36) successive equal monthly installments measured from the twelve (12) month anniversary of the Vesting Commencement Date, subject to optionholder's continuous Service (as defined in the Plan) as of each such vesting date.

Content

The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 4-year period, with 25% of the RSUs vesting on the first Company Quarterly Vesting Date occurring on or following the one-year anniversary of the Vesting Commencement Date of March 15, 2022, and the remaining 75% of the Company RSUs vesting in equal quarterly installments over the following 3 years, on the specified vesting dates of March 15, June 15, September 15 and December 15 (each, a "Company Quarterly Vesting Date") occurring thereafter, subject to the individual's continuous service with the Company.

25% of the options will vest on the twelve (12) month anniversary of the Vesting Commencement Date of January 24, 2022. The balance of the shares shall vest in a series of thirty-six (36) successive equal monthly installments measured from the twelve (12) month anniversary of the Vesting Commencement Date, subject to optionholder's continuous Service (as defined in the Plan) as of each such vesting date.