Boughton Soleil 4

What Happened Soleil Boughton, Chief Legal Officer of Hims & Hers (HIMS), had performance/restricted stock units (RSUs) convert into common shares on March 13, 2026. A total of 210,171 RSUs appear to have settled, of which the issuer withheld 168,750 shares to cover tax withholding at $24.77/share (proceeds ≈ $4,179,937). Boughton received a net 41,421 shares following the settlement. These were net-share settlements to satisfy tax obligations rather than open-market sales or purchases.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (timely — within the 2 business-day window).
• Withheld shares: 168,750 shares withheld at $24.77/share for tax withholding, totaling about $4.18M.
• Net shares received: 41,421 shares reported as acquired via exercise/conversion.
• Total shares settled (gross): ~210,171 RSUs converted/settled on the date (168,750 withheld + 41,421 net).
• Filing shows multiple derivative/settlement lines (code M = exercise/conversion of derivative; code F = withholding to cover tax liability).
• Shares owned after the transaction: not specified in this filing.
• Notable footnotes: withholding was done by the issuer to cover tax obligations related to RSU/PRSUs that vested (see F1, F3). RSUs are service-based and vest quarterly over four years per various grant schedules (F4–F7).

Context This was a routine net-share settlement of vested RSUs (company withheld shares to cover tax withholding). That type of transaction is neither a traditional open-market sale (insider choosing to sell shares) nor a purchase. For retail investors, purchases tend to be more informative as bullish signals; withholding-to-cover is common when awards vest and generally reflects tax-processing mechanics rather than insider sentiment.