Andrew Dudum - Jun 29, 2023 Form 4 Insider Report for Hims & Hers Health, Inc. (HIMS)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Alexandra Cotter Wilkins, Attorney-in-Fact
Stock symbol
HIMS
Transactions as of
Jun 29, 2023
Transactions value $
-$153,542
Form type
4
Date filed
7/3/2023, 04:49 PM
Previous filing
Jun 20, 2023
Next filing
Jul 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 $56.6K +23.3K $2.43 23.3K Jun 29, 2023 Direct F1, F2
transaction HIMS Class A Common Stock Sale -$210K -23.3K -100% $9.02 0 Jun 29, 2023 Direct F1, F3
holding HIMS Class A Common Stock 519K Jun 29, 2023 Held by Trustee of Dudum Family Community Property Trust F2
holding HIMS Class A Common Stock 1.7M Jun 29, 2023 Held by Trustee of AD 2022 GRAT 3
holding HIMS Class A Common Stock 360K Jun 29, 2023 Held by Trustee of Andrew Dudum 2015 Trust Dated July 2, 2015
holding HIMS Class A Common Stock 2.64M Jun 29, 2023 Held by Trustee of AD 2021 GRAT dated 11-1-2021
holding HIMS Class A Common Stock 700K Jun 29, 2023 Held by Trustee of AD 2022 GRAT
holding HIMS Class A Common Stock 661K Jun 29, 2023 Held by Trustee of AD 2021 GRAT 2 dated 11-1-2021
holding HIMS Class A Common Stock 1.05M Jun 29, 2023 Held by Trustee of AD 2022 GRAT 2 dated 9/7/2022
holding HIMS Class A Common Stock 1.5K Jun 29, 2023 Held by Trustees of Richard M. Dudum Irrevocable 1 U/A dtd 10/15/1997
holding HIMS Class A Common Stock 1.12M Jun 29, 2023 Held by Trustee of the AD GRAT dated 8/31/20
holding HIMS Class A Common Stock 2.87M Jun 29, 2023 Held by Trustee of Dudum Family Heritage Trust UAD 8-10-2021

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 Stock Option (right to buy) Options Exercise $0 -23.3K -0.74% $0.00 3.11M Jun 29, 2023 Class A Common Stock 23.3K $2.43 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The stock option exercises and related sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on March 1, 2023 by the Reporting Person.
F2 Shares of the Company were previously reported as directly beneficially owned, but all such shares were previously transferred to the Dudum Family Community Property Trust.
F3 Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $9.00 - $9.105. The Reporting Person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
F4 Prior to the Company's business combination transaction in 2021, the option represented the right to purchase 7,166,182 shares of Hims, Inc. with an exercise price of $1.10. Following the Company's business combination transaction in 2021, the option converted into the right to purchase 3,246,139 shares of the Company with an exercise price of $2.43. 100% of the shares subject to the option vested upon certain specified thresholds met in 2021.