---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-118948"
form_type: "8-K"
ticker: "HIMS"
cik: "0001773751"
company_name: "Hims & Hers Health, Inc."
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T17:00:34.385613+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hims & Hers issues $1B 0% convertible notes due 2030; enters capped call transactions to reduce dilution

## Summary
- $1.0B aggregate principal of 0.00% Convertible Senior Notes due 2030 issued May 13, 2025.
- Initial conversion price ~$70.67 per share; conversion rate 14.1493 shares per $1,000 note.
- Capped call transactions with initial cap price $89.95/share cost $47.8M to offset dilution on conversion.
- Notes mature May 15, 2030; redeemable after May 19, 2028 if stock exceeds 130% of conversion price.
- Initial purchasers' $130M option exercised in full on May 9, 2025, bringing total to $1.0B.

## SEC filing metadata
- accession: 0001193125-25-118948
- form_type: 8-K
- ticker: HIMS
- cik: 0001773751
- company_name: Hims & Hers Health, Inc.
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1773751/000119312525118948/0001193125-25-118948-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1773751/000119312525118948/d921356d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-118948
- JSON: https://secwatch.observer/filing/0001193125-25-118948.json
- Plain text: https://secwatch.observer/filing/0001193125-25-118948.txt

## Key facts
- Debt Financings
  Hims & Hers Health, Inc. incurred convertible notes of $1.0 billion aggregate principal amount of Notes with U.S. Bank Trust Company, National Association at 0.00% maturing May 15, 2030.
  - Instrument: convertible notes
  - Principal: $1.0 billion aggregate principal amount of Notes
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 0.00%
  - Maturity: May 15, 2030
  - Event: incurrence
  source text: On May 13, 2025, the Company issued $1.0 billion aggregate principal amount of Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1773751/000119312525118948/0001193125-25-118948-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.