Oluyemi Okupe - Mar 15, 2023 Form 4 Insider Report for Hims & Hers Health, Inc. (HIMS)

Role: Chief Financial Officer
Signature: /s/ Alexandra Cotter Wilkins, Attorney-in-Fact
Stock symbol: HIMS
Transactions as of: Mar 15, 2023
Transactions value $: -$922,146
Form type: 4
Date filed: 3/17/2023, 04:15 PM
Previous filing: Mar 17, 2023
Next filing: Mar 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIMS	Class A Common Stock	Options Exercise		+210K	+2794.4%		217K	Mar 15, 2023	Direct	F1
transaction	HIMS	Class A Common Stock	Tax liability	-$922K	-102K	-47.15%	$9.01	115K	Mar 15, 2023	Direct	F2

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	Options Exercise	$0	-210K	-25%	$0.00	629K	Mar 15, 2023	Class A Common Stock	210K		Direct	F3

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

Explanation of Responses:

Id	Content
F1	The Restricted Stock Units ("RSUs") represent a contingent right to receive one share of Class A Common Stock for each RSU.
F2	The shares of Class A Common Stock were withheld by the issuer to cover tax withholding obligations in connection with the reported vesting and settlement of RSUs.
F3	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 March 15, 2023, and the remaining 75% of the Company RSUs vesting in substantially equal quarterly installments over the following 3 years, on the specified Company Quarterly Vesting Dates of March 15, June 15, September 15 and December 15 occurring thereafter.