Hims & Hers (HIMS) CTO Mohamed Exercises RSUs; Shares Withheld

What Happened

• Mohamed Elshenawy, Chief Technology Officer of Hims & Hers Health, had RSUs convert/exercise on August 14, 2026. The filing reports a gross conversion of 188,285 derivative units into Class A shares. To satisfy tax withholding obligations, the issuer withheld 95,798 shares valued at $28.15 each, a withholding value of $2,696,714.
• The Form 4 also lists derivative exercise/conversion entries (transaction code M) and withholding/payment entries (transaction code F). These entries reflect the vesting/settlement of RSUs and related share transfers rather than an open-market sale.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (filed within the required two business days).
• Gross derivative conversion reported: 188,285 shares (transaction code M).
• Shares withheld for tax/payment: 95,798 shares at $28.15 each; total withholding value reported $2,696,714 (transaction code F).
• Additional M-coded entries in the filing show conversion/disposition line items (64,771; 23,514; 100,000) that together correspond to the reported derivative activity.
• Footnotes: RSUs convert 1:1 to Class A shares (F1); the issuer withheld shares to cover tax obligations (F2); vesting is service-based over multi-year schedules (see F3–F5 for 3- and 4-year vesting schedules and initial vesting dates).
• Shares owned after the transactions are not specified in the excerpt provided in this summary.

Context

• This filing documents RSU vesting/settlement and withholding for taxes rather than an open-market sale. Withholding of shares to cover tax obligations is a common administrative step and does not necessarily signal a CEO/insider view on the company’s prospects.
• Transaction codes: M = exercise/conversion of a derivative (here, RSU settlement/conversion); F = shares withheld to pay exercise price or tax liability.