WELLS DAVID B 4
4 · Hims & Hers Health, Inc. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Hims & Hers (HIMS) Director David B. Wells Receives 4,613 Shares
What Happened
David B. Wells, a director of Hims & Hers Health, Inc. (HIMS), had Restricted Stock Units (RSUs) convert into a total of 4,613 shares of Class A common stock: 3,656 shares on June 11, 2026 and 957 shares on June 15, 2026. The Form 4 shows the derivative conversion entries at $0.00 (no cash paid) — the filing treats the conversion of RSUs into shares as an exercise/conversion event (transaction code M).
Key Details
- Transaction dates: June 11, 2026 (3,656 shares) and June 15, 2026 (957 shares).
- Price / value: conversion shown at $0.00 (no cash paid). One grant of 957 RSUs was issued in lieu of $22,000 in director fees, calculated using a $22.98 grant price.
- Total shares received: 4,613 shares.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: RSUs represent a contingent right to receive one share per RSU and vest on the earlier of the 2026 annual meeting or June 15, 2026; the 957-RSU grant was issued under the director compensation policy in lieu of Q1 2026 cash fees.
- Filing timeliness: Form filed June 15, 2026; filing appears timely relative to the reported transaction dates.
Context
This was not an open-market purchase or sale but the vesting/conversion of compensation RSUs into shares (a common, non-cash event for directors). Such conversions reflect compensation vesting rather than a director buying or selling based on market views.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-11+3,656→ 228,073 total - Exercise/Conversion
Class A Common Stock
[F2]2026-06-15+957→ 229,030 total - Exercise/Conversion
Restricted Stock Unit
[F1]2026-06-11−3,656→ 0 total→ Class A Common Stock (3,656 underlying) - Exercise/Conversion
Restricted Stock Unit
[F3][F2]2026-06-15−957→ 0 totalFrom: 2026-06-15→ Class A Common Stock (957 underlying)
Footnotes (3)
- [F1]The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock for each RSU. Subject to continuous service, the RSUs will vest on the earlier of (a) the date of the 2026 annual meeting of stockholders or (b) June 15, 2026.
- [F2]The RSUs were issued to the Reporting Person pursuant to the Issuer's Director Compensation Policy, in lieu of the director retainer and committee membership fees for the first quarter of 2026. The number of RSUs granted was calculated by dividing the foregone cash fees of $22,000 by the grant price of $22.98. The RSUs will vest in full on the Company's next quarterly vesting date.
- [F3]The Restricted Stock Units ("RSUs") represent a contingent right to receive one share of Class A Common Stock for each RSU.