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Hims & Hers names Franklin principal accounting officer

The compensation package includes a $3,000,000 restricted-stock-unit grant, with 25% vesting on the first quarterly vesting date on or after the one-year anniversary.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

Hims & Hers Health, Inc. appointed Jonathan M. Franklin as principal accounting officer, effective October 9, 2026, concurrently with Irene Becklund’s previously disclosed resignation from that role. Franklin began employment as chief accounting officer on October 5, 2026. Becklund’s advisory agreement takes effect October 10, 2026, and provides for her support through July 10, 2027.

Franklin’s compensation includes a $425,000 annual base salary, a $150,000 signing bonus payable in installments subject to nine months of continued service, and restricted stock units with a $3,000,000 grant value. He is also eligible for an annual discretionary bonus targeted at 50% of his base salary. The restricted stock units vest 25% on the first quarterly vesting date on or after the one-year anniversary of the vesting commencement date; the remaining 75% vest in approximately equal quarterly installments over the following three years.

Filing Explained

Franklin is eligible for severance if the company terminates him without cause or he resigns for good reason: nine months of salary and target-bonus continuation, subsidized health coverage, and continued equity vesting, while if termination is connected with a change in control, the package instead provides 12 months of salary and target-bonus continuation and full vesting of unvested awards, subject to a release.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Annual base salary $425,000 For Jonathan M. Franklin’s employment as chief accounting officer
Signing bonus $150,000 Payable in installments and subject to nine months of continued service
Restricted stock unit grant value $3,000,000 Grant under the Company’s 2020 Equity Incentive Plan
Target annual discretionary bonus 50% of base salary Annual discretionary bonus target
Initial restricted stock unit vesting 25% On the first quarterly vesting date on or after the one-year anniversary of the vesting commencement date
Remaining restricted stock unit vesting 75% Approximately equal quarterly installments over the following three years
Severance continuation period Nine months Salary and target bonus continuation for termination without cause or resignation for good reason
Change-in-control severance continuation period Twelve months Salary and target bonus continuation in connection with a change in control
principal accounting officer technical
"appointed as principal accounting officer of the Company"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
restricted stock units financial
"a grant of restricted stock units under the Company’s 2020 Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
good reason financial
"his resignation for good reason"
change in control financial
"If such termination occurs in connection with a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Jonathan M. Franklin become Hims & Hers’ principal accounting officer?

Jonathan M. Franklin’s appointment as principal accounting officer is effective October 9, 2026, concurrent with Irene Becklund’s previously disclosed resignation from the role. Franklin began employment as chief accounting officer on October 5, 2026.

What severance is Hims & Hers’ new principal accounting officer eligible for?

If Hims & Hers terminates Jonathan M. Franklin without cause or he resigns for good reason, he is eligible for nine months of salary and target bonus continuation, company-subsidized health coverage, and continued vesting of his equity awards. In connection with a change in control, he is instead eligible for twelve months of salary and target bonus continuation, company-subsidized health coverage, and full vesting of unvested equity awards. Benefits require a release of claims.

How do Jonathan M. Franklin’s Hims & Hers restricted stock units vest?

Twenty-five percent of the restricted stock units vest on the first quarterly vesting date on or after the one-year anniversary of the vesting commencement date. The remaining 75% vest in approximately equal quarterly installments over the following three years.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
0001773751false00017737512026-10-072026-10-07

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________________________________________________________________________

FORM 8-K
_____________________________________________________________________________________________________________________

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 7, 2026
_____________________________________________________________________________________________________________________

HIMS & HERS HEALTH, INC.
(Exact name of registrant as specified in its charter)
_____________________________________________________________________________________________________________________

Delaware001-3898698-1482650
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
2269 Chestnut Street, #523
San Francisco, CA 94123
(Address of principal executive offices)
(415) 851-0195
(Registrant’s telephone number, including area code)
______________________________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbolName of each exchange on which registered
Class A Common Stock, $0.0001 par valueHIMSNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐




Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 5, 2026, Jonathan M. Franklin commenced employment with Hims & Hers Health, Inc. (the “Company”) as chief accounting officer. On October 7, 2026, the Company's board of directors appointed Mr. Franklin as principal accounting officer of the Company, effective October 9, 2026, concurrently with the previously disclosed resignation of Irene Becklund as the Company's principal accounting officer. As previously disclosed, the Company has entered into an advisory agreement with Ms. Becklund, effective October 10, 2026, pursuant to which she will continue to support the Company until July 10, 2027.

Prior to joining the Company, Mr. Franklin, 43, served in several roles for Rivian Automotive, Inc., an electric vehicle manufacturer and automotive technology company, including as Vice President, Corporate Controller from April 2024 to October 2026, Vice President of Accounting from December 2023 to April 2024, and Senior Director of Corporate Accounting from March 2022 to December 2023. Before joining Rivian, Mr. Franklin held various roles with PwC, a professional services firm, beginning in 2006, most recently as an Assurance Director from June 2019 to March 2022. He is a certified public accountant in the state of Michigan. Mr. Franklin holds a Bachelor of Business Administration in Accounting and a Master of Accounting from the University of Michigan.

In connection with Mr. Franklin’s employment as chief accounting officer and his appointment as principal accounting officer, Mr. Franklin will receive (i) an annual base salary of $425,000 (“Base Salary”), (ii) a signing bonus of $150,000, payable in installments and subject to his continued service for nine months, and (iii) a grant of restricted stock units under the Company’s 2020 Equity Incentive Plan with a grant value of $3,000,000, of which 25% will vest on the Company’s first quarterly vesting date on or following the one-year anniversary of the vesting commencement date, with the remaining 75% vesting quarterly in approximately equal installments for the following three years. Mr. Franklin will also be eligible for an annual discretionary bonus with a target of 50% of his Base Salary.

Mr. Franklin’s employment is at-will and may be terminated at any time by the Company or Mr. Franklin. Mr. Franklin is eligible for severance benefits upon a termination of his employment by the Company without cause or his resignation for good reason, consisting of nine months of salary and target bonus continuation, Company-subsidized health coverage, and continued vesting of his equity awards. If such termination occurs in connection with a change in control, he will instead be eligible for twelve months of salary and target bonus continuation, Company-subsidized health coverage, and full vesting of his unvested equity awards. In each case, severance benefits are subject to Mr. Franklin's execution of a release of claims.

There are no arrangements or understandings between Mr. Franklin and any other persons pursuant to which he was appointed as principal accounting officer of the Company. There are no family relationships between Mr. Franklin and any director, executive officer, or any person nominated or chosen by the Company to become a director or executive officer. Mr. Franklin is not a party to any current or proposed transaction with the Company for which disclosure is required under Item 404(a) of Regulation S-K. Mr. Franklin will enter into the Company’s standard form of indemnification agreement.




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HIMS & HERS HEALTH, INC.
Date: October 7, 2026By:/s/ Andrew Dudum
Andrew Dudum
Chief Executive Officer


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