Chi Michael 4
4 · Hims & Hers Health, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Hims & Hers (HIMS) COO Michael Chi Exercises RSUs; Shares Withheld
What Happened
- Michael Chi, Chief Operating Officer of Hims & Hers (HIMS), had equity awards vest/convert and settled those awards on March 13, 2026. The filing shows 72,108 shares were acquired via exercise/conversion of derivatives/RSUs and simultaneously 72,108 of those were disposed (zero-dollar derivative settlement). Separately, 198,542 and 39,214 shares were withheld by the issuer to cover tax withholding/exercise obligations at $24.77 per share, yielding withholdings of $4,917,885 and $971,331 (total ≈ $5.89M).
- These transactions are routine award settlements and tax-withholding (not open-market purchases or discretionary sales).
Key Details
- Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (no late filing indicated in the provided data).
- Main items: 72,108 shares acquired on conversion/exercise (derivative/RSU), with 72,108 shares immediately disposed as part of the settlement (reported at $0 for the derivative disposition).
- Tax/price-withholding (sell-to-cover): 198,542 shares @ $24.77 = $4,917,885 and 39,214 shares @ $24.77 = $971,331 (total withheld = 237,756 shares; ~$5.89M).
- Post-transaction beneficial ownership: not specified in the summarized data.
- Relevant footnotes: withholding to cover tax obligations on vested performance RSUs/RSUs (F1, F3); RSUs are contingent rights to one share each (F2) and are subject to multi-year, quarterly vesting schedules (F4–F8).
Context
- These filings reflect award vesting/option conversion and routine "sell-to-cover" or share-withholding for taxes rather than voluntary open-market sales. The zero-dollar derivative dispositions represent conversion/settlement of RSUs/options, not market sales with cash proceeds.
- Such withholding is a common administrative step when equity awards vest; it does not necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
Chi Michael
Chief Operating Officer
Transactions
- Tax Payment
Class A Common Stock
[F1]2026-03-13$24.77/sh−198,542$4,917,885→ 471,677 total - Exercise/Conversion
Class A Common Stock
[F2]2026-03-13+72,108→ 543,785 total - Tax Payment
Class A Common Stock
[F3]2026-03-13$24.77/sh−39,214$971,331→ 504,571 total - Exercise/Conversion
Restricted Stock Unit
[F2][F4]2026-03-13−9,357→ 0 total→ Class A Common Stock (9,357 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F5]2026-03-13−16,495→ 32,992 total→ Class A Common Stock (16,495 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F6]2026-03-13−16,298→ 65,189 total→ Class A Common Stock (16,298 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F7]2026-03-13−19,359→ 154,867 total→ Class A Common Stock (19,359 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F8]2026-03-13−10,599→ 127,191 total→ Class A Common Stock (10,599 underlying)
Footnotes (8)
- [F1]The shares of Class A Common Stock were withheld by the issuer to cover tax withholding obligations in connection with the distribution and settlement of performance restricted stock units that vested on February 23, 2026.
- [F2]The Restricted Stock Units ("RSUs") represent a contingent right to receive one share of Class A Common Stock for each RSU.
- [F3]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.
- [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 each Company Quarterly Vesting Date occurring on or after June 15, 2022.
- [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 December 15, 2022.
- [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, 2023.
- [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 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.
- [F8]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, 2025.
Signature
/s/ Kimberly Mather, Attorney-in-Fact for Michael Chi|2026-03-17