Schultz Kare 4

What Happened

• Kare Schultz, a director of Hims & Hers Health, Inc. (HIMS), had 3,656 restricted stock units (RSUs) convert into 3,656 shares on June 11, 2026 (reported on a Form 4 filed June 15, 2026). The filing also shows a contemporaneous disposition of 3,656 shares at $0.00. No cash proceeds are reported for the disposition.
• This transaction reflects the conversion/vesting of RSUs rather than a market purchase or open-market sale. The disposal at $0.00 is commonly used to satisfy tax-withholding obligations upon vesting.

Key Details

• Transaction date: June 11, 2026; Form 4 filed: June 15, 2026.
• Converted/acquired: 3,656 shares via exercise/conversion of derivative (RSUs). Disposed: 3,656 shares at $0.00.
• Price: Acquisition price listed as N/A; disposition price $0.00 (no cash realized).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnote: The RSUs represent contingent rights to one share per RSU and were set to vest on the earlier of the 2026 annual meeting or June 15, 2026, subject to continuous service.
• Timeliness: The Form 4 was filed four days after the transaction date; Form 4s are typically due within two business days, so this filing appears later than the usual deadline.

Context

• For retail investors: this is a routine conversion/vesting of RSUs rather than an opportunistic purchase or an open-market sale. The zero-dollar disposition likely reflects shares surrendered to cover taxes—an administrative step that doesn't necessarily signal a change in the director's view of the company.
• Derivative explanation: RSUs converted into shares (exercise/conversion, transaction code M). The simultaneous disposition at $0.00 is a common method to satisfy withholding obligations on vested awards.