COO Michael Chi settles RSUs, tax withholding at Hims & Hers (NYSE: HIMS)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hims & Hers Health, Inc. Chief Operating Officer Michael Chi reported compensation-related stock activity tied to restricted stock units (RSUs). On March 13, 2026, he converted vested RSUs into 72,108 shares of Class A common stock.
To satisfy tax withholding obligations on these vestings, the company withheld a total of 237,756 shares of Class A common stock at $24.77 per share, rather than selling shares on the open market. After all exercises and tax withholdings, Chi directly holds 504,571 shares of Class A common stock.
The RSUs are subject to service-based vesting over four-year periods, with quarterly vesting dates beginning on various schedules between June 15, 2022 and June 15, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
72,108 shares exercised/converted
Mixed
8 txns
Insider
Chi Michael
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 9,357 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 16,495 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 16,298 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 19,359 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 10,599 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 198,542 | $24.77 | $4.92M |
| Exercise | Class A Common Stock | 72,108 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 39,214 | $24.77 | $971K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Class A Common Stock — 471,677 shares (Direct)
Footnotes (1)
- The shares of Class A Common Stock were withheld by the issuer to cover tax withholding obligations in connection with the distribution and settlement of performance restricted stock units that vested on February 23, 2026. The Restricted Stock Units ("RSUs") represent a contingent right to receive one share of Class A Common Stock for each RSU. The shares of Class A Common Stock were withheld by the issuer to cover tax withholding obligations in connection with the reported vesting and settlement of RSUs. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 4-year period, with the RSUs vesting in substantially equal quarterly installments on each Company Quarterly Vesting Date occurring on or after June 15, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 4-year period, with the RSUs vesting in substantially equal quarterly installments on each Company Quarterly Vesting Date occurring on or after December 15, 2022. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 4-year period, with the RSUs vesting in substantially equal quarterly installments on each Company Quarterly Vesting Date occurring on or after June 15, 2023. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 4-year period, with the RSUs vesting in substantially equal quarterly installments on the specified vesting dates of March 15, June 15, September 15 and December 15 (each, a "Company Quarterly Vesting Date"), with the first such vesting date on June 15, 2024. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 4-year period, with the RSUs vesting in substantially equal quarterly installments on the specified vesting dates of March 15, June 15, September 15 and December 15 (each, a "Company Quarterly Vesting Date"), with the first such vesting date on June 15, 2025.
FAQ
What insider transactions did HIMS COO Michael Chi report on this Form 4?
COO Michael Chi reported converting multiple restricted stock unit grants into 72,108 shares of Hims & Hers Class A common stock. The transactions reflect routine vesting and settlement of equity compensation rather than open-market buying or selling activity.
What are the vesting terms of the RSUs reported for HIMS COO Michael Chi?
The RSUs reported for Michael Chi vest over four-year periods in substantially equal quarterly installments. Vesting occurs on company quarterly vesting dates starting on June 15 of 2022, 2023, 2024, or 2025, depending on the specific RSU grant described in the footnotes.
Do Michael Chi’s HIMS Form 4 transactions involve open-market stock sales?
No, the Form 4 shows tax-withholding dispositions and derivative exercises, not open-market sales. Shares were withheld by Hims & Hers to pay tax obligations tied to RSU vesting, a common mechanism that does not reflect discretionary selling into the market.