Form 4: Hims & Hers Health Chief Medical Officer Reports Stock Transactions
SEC Form 4 Filing
Patrick Harrison Carroll, Chief Medical Officer of Hims & Hers Health, reported the acquisition of 12,988 shares and the disposal of 5,387 shares to cover tax obligations related to vesting of restricted stock units.
Summary
- Patrick Harrison Carroll, the Chief Medical Officer of Hims & Hers Health, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On December 13, 2024, Mr. Carroll acquired 12,988 shares of Class A Common Stock through the vesting of restricted stock units (RSUs).
- He also disposed of 5,387 shares of Class A Common Stock to cover tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Mr. Carroll directly owns 199,835 shares of Class A Common Stock.
- He also holds 65,189 RSUs from a previous grant and 62,915 RSUs from a more recent grant.
Sentiment
Score: 7
Explanation: The document reflects routine executive stock transactions related to vesting of equity compensation, which is a neutral to slightly positive event as it aligns executive interests with company performance.
Positives
- The acquisition of 12,988 shares indicates continued alignment of the Chief Medical Officer's interests with the company's performance.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Comparison to Industry Standards
- The vesting schedule of the RSUs is typical for executive compensation packages in the tech and healthcare industries.
- The use of RSUs as a form of equity compensation is a standard practice among publicly listed companies, including those in the healthcare and technology sectors such as Teladoc Health and GoodRx.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they are related to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 12/13/2024 | Date of stock acquisition and disposal transactions. |
| 12/15/2023 | Initial vesting date for 25% of the first RSU grant. |
| 06/15/2024 | First vesting date for the second RSU grant. |
| 12/17/2024 | Date the Form 4 was signed. |
Keywords
Form 4, Hims & Hers Health, Stock Transactions, Restricted Stock Units, Beneficial Ownership, Chief Medical Officer, Equity Compensation
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