Chi Michael 4

What Happened

• Michael Chi, Chief Operating Officer of Hims & Hers (HIMS), had equity awards vest/convert and settled those awards on March 13, 2026. The filing shows 72,108 shares were acquired via exercise/conversion of derivatives/RSUs and simultaneously 72,108 of those were disposed (zero-dollar derivative settlement). Separately, 198,542 and 39,214 shares were withheld by the issuer to cover tax withholding/exercise obligations at $24.77 per share, yielding withholdings of $4,917,885 and $971,331 (total ≈ $5.89M).
• These transactions are routine award settlements and tax-withholding (not open-market purchases or discretionary sales).

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (no late filing indicated in the provided data).
• Main items: 72,108 shares acquired on conversion/exercise (derivative/RSU), with 72,108 shares immediately disposed as part of the settlement (reported at $0 for the derivative disposition).
• Tax/price-withholding (sell-to-cover): 198,542 shares @ $24.77 = $4,917,885 and 39,214 shares @ $24.77 = $971,331 (total withheld = 237,756 shares; ~$5.89M).
• Post-transaction beneficial ownership: not specified in the summarized data.
• Relevant footnotes: withholding to cover tax obligations on vested performance RSUs/RSUs (F1, F3); RSUs are contingent rights to one share each (F2) and are subject to multi-year, quarterly vesting schedules (F4–F8).

Context

• These filings reflect award vesting/option conversion and routine "sell-to-cover" or share-withholding for taxes rather than voluntary open-market sales. The zero-dollar derivative dispositions represent conversion/settlement of RSUs/options, not market sales with cash proceeds.
• Such withholding is a common administrative step when equity awards vest; it does not necessarily indicate a change in insider sentiment.