Michael Chi - 13 Sep 2024 Form 4 Insider Report for Hims & Hers Health, Inc. (HIMS)

Role
Chief Commercial Officer
Signature
/s/ Alexandra Cotter Wilkins, Attorney-in-Fact
Issuer symbol
HIMS
Transactions as of
13 Sep 2024
Net transactions value
-$1,122,536
Form type
4
Filing time
17 Sep 2024, 19:07:01 UTC
Previous filing
02 Aug 2024
Next filing
16 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIMS Class A Common Stock Options Exercise +76,507 +41% 261,833 13 Sep 2024 Direct F1
transaction HIMS Class A Common Stock Tax liability $700,961 -42,303 -16% $16.57 219,530 13 Sep 2024 Direct
transaction HIMS Class A Common Stock Sale $421,575 -25,550 -12% $16.50 193,980 17 Sep 2024 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 -15,000 -25% $0.000000 45,000 13 Sep 2024 Class A Common Stock 15,000 Direct F1, F3
transaction HIMS Restricted Stock Unit Options Exercise $0 -19,358 -6.7% $0.000000 271,018 13 Sep 2024 Class A Common Stock 19,358 Direct F1, F4
transaction HIMS Restricted Stock Unit Options Exercise $0 -16,297 -9.1% $0.000000 162,973 13 Sep 2024 Class A Common Stock 16,297 Direct F1, F5
transaction HIMS Restricted Stock Unit Options Exercise $0 -9,356 -14% $0.000000 56,138 13 Sep 2024 Class A Common Stock 9,356 Direct F1, F6
transaction HIMS Restricted Stock Unit Options Exercise $0 -16,496 -11% $0.000000 131,965 13 Sep 2024 Class A Common Stock 16,496 Direct F1, F7
* 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 Restricted Stock Units ("RSUs") represent a contingent right to receive one share of Class A Common Stock for each RSU.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on March 1, 2024 by the Reporting Person.
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 June 15, 2022, and the remaining 75% of the RSUs vesting insubstantially 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.
F4 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 on the specified vesting dates of March 15, June 15, September 15 and December 15 (each, a "Company Quarterly Vesting Date"), with the first such vesting date on June 15, 2024.
F5 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 on each Company Quarterly Vesting Date occurring on or after June 15, 2023.
F6 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 on each Company Quarterly Vesting Date occurring on or after June 15, 2022.
F7 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 on each Company Quarterly Vesting Date occurring on or after December 15, 2022.