Institutional Venture Partners Updates Hims & Hers Health Stake
Ticker: HIMS · Form: SC 13D/A · Filed: 2024-02-29T00:00:00.000Z
Sentiment: neutral
Topics: insider-ownership, amendment, institutional-investor
TL;DR
**Institutional Venture Partners group just updated their stake in Hims & Hers Health, Inc. via an SC 13D/A filing.**
AI Summary
Institutional Venture Management XVI, LLC, along with several affiliated entities and individuals including Dennis B. Phelps and Eric Liaw, filed an SC 13D/A on February 29, 2024, regarding their ownership in Hims & Hers Health, Inc. This amendment updates their beneficial ownership, indicating a change in their collective holdings in the healthcare company.
Why It Matters
This filing indicates a change in the ownership structure of Hims & Hers Health, Inc. by a significant institutional investor group, which could signal shifts in investor confidence or strategy.
Risk Assessment
Risk Level: low — This is an amendment to a Schedule 13D, indicating a change in beneficial ownership, which is a routine disclosure and not inherently risky.
Key Players & Entities
- Institutional Venture Management XVI, LLC (company) — filer
- Hims & Hers Health, Inc. (company) — subject company
- Dennis B. Phelps (person) — group member
- Eric Liaw (person) — group member
- Institutional Venture Partners XV, L.P. (company) — group member
FAQ
What type of filing is this document?
This document is an SC 13D/A, which is an amendment to a Schedule 13D.
Who is the subject company of this filing?
The subject company is Hims & Hers Health, Inc. (CIK: 0001773751).
When was this filing made?
The filing was made on February 29, 2024.
Which entity is listed as the primary filer?
The primary filer is Institutional Venture Management XVI, LLC (CIK: 0001716997).
Who are some of the individuals listed as group members in this filing?
Some of the individuals listed as group members include Dennis B. Phelps, Eric Liaw, J. Sanford Miller, Jules A. Maltz, Norman A. Fogelsong, Somesh Dash, Stephen J. Harrick, and Todd C. Chaffee.
From the Filing
0001104659-24-029498.txt : 20240229 0001104659-24-029498.hdr.sgml : 20240229 20240229194847 ACCESSION NUMBER: 0001104659-24-029498 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 GROUP MEMBERS: DENNIS B. PHELPS GROUP MEMBERS: ERIC LIAW GROUP MEMBERS: INSTITUTIONAL VENTURE MANAGEMENT XV, LLC GROUP MEMBERS: INSTITUTIONAL VENTURE PARTNERS EXECUTIVE FUND XV, L.P. GROUP MEMBERS: INSTITUTIONAL VENTURE PARTNERS XV, L.P. GROUP MEMBERS: INSTITUTIONAL VENTURE PARTNERS XVI, L.P. GROUP MEMBERS: J. SANFORD MILLER GROUP MEMBERS: JULES A. MALTZ GROUP MEMBERS: NORMAN A. FOGELSONG GROUP MEMBERS: SOMESH DASH GROUP MEMBERS: STEPHEN J. HARRICK GROUP MEMBERS: TODD C. CHAFFEE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Hims & Hers Health, Inc. CENTRAL INDEX KEY: 0001773751 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91087 FILM NUMBER: 24706345 BUSINESS ADDRESS: STREET 1: 2269 CHESTNUT ST STREET 2: #523 CITY: SAN FRANCISCO STATE: CA ZIP: 94123 BUSINESS PHONE: 415-851-0195 MAIL ADDRESS: STREET 1: 2269 CHESTNUT ST STREET 2: #523 CITY: SAN FRANCISCO STATE: CA ZIP: 94123 FORMER COMPANY: FORMER CONFORMED NAME: Oaktree Acquisition Corp. DATE OF NAME CHANGE: 20190412 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Institutional Venture Management XVI, LLC CENTRAL INDEX KEY: 0001716997 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3000 SAND HILL ROAD STREET 2: BUILDING 2, SUITE 250 CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: (650) 854-0132 MAIL ADDRESS: STREET 1: 3000 SAND HILL ROAD STREET 2: BUILDING 2, SUITE 250 CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13D/A 1 tm247677d1_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* Hims & Hers Health, Inc. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 433000 106 (CUSIP Number) Tracy Hogan Institutional Venture Partners 3000 Sand Hill Road Building 2, Suite 250 Menlo Park, California 94025 (650) 854-0132 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 27, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨ Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 433000 106 Schedule 13D Page 2 of 18 Pages (1) Names of reporting persons Institutional Venture Management XV, LLC (2) Check the appropriate box if a member of a group (see instructions) (a) ¨ (b) ¨ (3) SEC use only (4) Source of funds (see instructions): AF (5)