SCHEDULE: Hims & Hers: Susquehanna Group Discloses 6.5% Stake

Susquehanna Investment Group and affiliated entities have reported beneficial ownership of 14,502,395 shares, representing 6.5% of Hims & Hers Health, Inc.'s Class A Common Stock as of March 31, 2026.

Summary

• This filing is a Schedule 13G, indicating a significant beneficial ownership of Hims & Hers Health, Inc. (the "Company") by several affiliated entities: G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group, and Susquehanna Securities, LLC (collectively, the "Reporting Persons").
• As of March 31, 2026, the Reporting Persons collectively beneficially owned 14,502,395 shares of the Company's Class A Common Stock.
• This ownership stake represents 6.5% of the total outstanding Class A Common Stock, based on 222,326,117 shares outstanding as reported in the Company's Quarterly Report on Form 10-Q filed on May 11, 2026.
• The Reporting Persons are described as affiliated independent broker-dealers and may be deemed a group.
• Each reporting person disclaims beneficial ownership of shares owned directly by another reporting person, while indicating shared voting and dispositive power over all collectively owned shares.
• Susquehanna Investment Group holds options to buy 560,500 shares, and Susquehanna Securities, LLC holds options to buy 12,290,400 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It is a routine disclosure of beneficial ownership by institutional investors and does not inherently signal positive or negative performance for the company.

Positives

• The filing indicates a substantial investment in Hims & Hers Health, Inc. by a well-known financial group, which could be interpreted as a vote of confidence in the company's future prospects.
• The Reporting Persons collectively hold a significant 6.5% stake, demonstrating a material interest in the company's performance.

Negatives

• The filing does not contain any negative financial results or operational challenges; it is purely an ownership disclosure.
• The disclaimer of beneficial ownership for shares owned directly by other reporting persons within the group could introduce complexity in understanding the precise control structure.

Risks

• The primary risk associated with this type of filing is the potential for future changes in beneficial ownership by the Reporting Persons, which could impact the stock price.
• While not explicitly stated as a risk in this filing, significant holdings by broker-dealers can sometimes be associated with market-making activities or potential short-term trading strategies.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance from Hims & Hers Health, Inc. The future outlook for the company would be found in other SEC filings by the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and broker-dealers acquiring significant stakes in publicly traded companies. The disclosure by Susquehanna Investment Group and its affiliates indicates a notable position in the telehealth and wellness sector, where Hims & Hers Health operates.

Stakeholder Impact

• Shareholders: The disclosure may influence investor perception due to the significant stake held by a prominent financial group. It could signal confidence or potential future trading activity.
• Management: The company's management will be aware of the substantial ownership by the Reporting Persons, which may influence strategic discussions and governance considerations.
• Creditors: No direct impact is indicated, as this filing pertains to equity ownership.

Next Steps

• Monitor future filings by Hims & Hers Health, Inc. for operational and financial updates.
• Observe any subsequent filings by the Reporting Persons for potential changes in their ownership stake or voting intentions.

Key Dates

Keywords

Hims & Hers Health, Schedule 13G, Beneficial Ownership, Susquehanna Investment Group, G1 Execution Services, SIG Brokerage, Susquehanna Securities, Class A Common Stock, SEC Filing, Ownership Stake