Hims & Hers (NYSE: HIMS) director converts 15,211 RSUs to shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hims & Hers Health, Inc. director Christiane Pendarvis exercised previously granted restricted stock units, converting 15,211 RSUs into the same number of Class A common shares at a price of $0.00 per share, reflecting equity compensation rather than an open-market purchase.
The RSUs vest over three years, with one-third vesting on March 15, 2024, one-third on March 15, 2025, and one-third on March 15, 2026. Following this conversion, Pendarvis directly holds 51,774 Class A shares, and the filing shows no sales or tax-withholding disposals, indicating a straightforward exercise-and-hold event.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,211 shares exercised/converted
Mixed
2 txns
Insider
Pendarvis Christiane
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 15,211 | $0.00 | -- |
| Exercise | Class A Common Stock | 15,211 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Class A Common Stock — 51,774 shares (Direct)
Footnotes (1)
- The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 3-year period, with : (i) 1/3 of the RSUs vesting on March 15, 2024, (ii) 1/3 of the RSUs vesting on March 15, 2025, and (iii) 1/3 of the RSUs vesting on March 15, 2026.
FAQ
What insider transaction did Hims & Hers (HIMS) report for Christiane Pendarvis?
Hims & Hers reported that director Christiane Pendarvis exercised 15,211 restricted stock units into Class A common stock. This was an equity compensation event with no open-market buying or selling, simply converting vested RSUs into directly held shares.
Were the Hims & Hers (HIMS) RSUs for Christiane Pendarvis tied to a vesting schedule?
Yes. The restricted stock units vest over three years: one-third on March 15, 2024, another third on March 15, 2025, and the final third on March 15, 2026. Each vested RSU entitles her to receive one share of Class A common stock.
What does the $0.00 price on the Hims & Hers (HIMS) RSU exercise mean?
The $0.00 price indicates these shares were received through restricted stock units rather than bought for cash in the market. Each RSU converted into one share of Class A common stock as part of Pendarvis’s compensation package and associated vesting schedule.