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

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Soleil Boughton, Attorney-in-Fact
Issuer symbol
HIMS
Transactions as of
24 Feb 2022
Net transactions value
$0
Form type
4
Filing time
28 Feb 2022, 20:56:45 UTC
Previous filing
08 Feb 2022
Next filing
17 Mar 2022
SEC
View on sec.gov

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 +563,872 $0.000000 563,872 24 Feb 2022 Class A Common Stock 563,872 Direct F1
transaction HIMS Stock Option (right to buy) Award $0 +1,041,282 $0.000000 1,041,282 24 Feb 2022 Class A Common Stock 1,041,282 $5.01 Direct F2
transaction HIMS Stock Option (right to buy) Award $0 +2,082,565 $0.000000 2,082,565 24 Feb 2022 Class A Common Stock 2,082,565 $5.01 Direct F3
* 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 the RSUs vesting in substantially equal quarterly installments over 4 years, with 6.25% of the RSUs vesting on each of March 15, June 15, September 15 and December 15 (each, a "Company Quarterly Vesting Date"), beginning March 15, 2022, subject to the individual's continuous service with the Company.
F2 The options are subject to a service-based vesting requirement, which shall be satisfied over a four-year period with 1/48th of the options vesting on March 24, 2022 and 1/48th of the options vesting monthly thereafter, subject to the Reporting Person's continuous service with the issuer.
F3 The options shall be subject to service-based and market-based vesting requirements with vesting occurring in four equal annual installments. The service-based requirement will be satisfied and the option shall vest with respect to 25% on each anniversary after February 24, 2022 (each anniversary a "Vesting Date"), provided (i) the Reporting Person is employed by the issuer on each such Vesting Date and (ii) on each such Vesting Date, the closing stock price of the Company's Class A Common Stock as reported on the New York Stock Exchange in 20 of the prior 30 trading days is more than $10 per share. Vesting shall be cumulative in subsequent years if the market-based vesting requirement was not previously met.