Okupe Oluyemi 4

What Happened

• Okupe Oluyemi, Chief Financial Officer of Hims & Hers (HIMS), had performance/restricted stock units (RSUs) settle on March 13, 2026. The filing shows an exercise/conversion (M) resulting in 105,200 shares acquired. To cover tax withholding and related obligations, the issuer withheld/disposed a total of 283,990 shares (226,081 and 57,909) at $24.77 per share, generating proceeds/withholding value of $5,600,026 and $1,434,406 respectively (combined ≈ $7,034,432).
• Several derivative entries (52,396; 18,334; 22,988; 11,482) totaling 105,200 shares appear as converted/disposed at $0, consistent with the RSU settlement and net share movement rather than an open‑market sale for cash.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (filed within the usual two-business-day window — timely).
• Prices and values: withheld shares at $24.77; withheld totals: 226,081 ($5,600,026) and 57,909 ($1,434,406); combined ≈ $7.03M.
• Shares acquired via conversion: 105,200 (derivative exercise/conversion).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: issuer withheld shares to satisfy tax withholding on vested/settled performance RSUs (see F1, F3). Footnotes F2–F7 describe RSU terms and vesting schedules (service-based, multi-year/quarterly vesting).

Context

• This activity reflects RSU vesting and net settlement/tax withholding (common routine insider activity); it is not an open‑market purchase or discretionary sale of owned shares.
• The M (exercise/conversion) entries indicate conversion of derivatives (RSUs) into common shares; the F (payment/tax withholding) entries indicate shares withheld by the issuer to cover taxes — effectively a cashless/net settlement.