Venture Capital Group Amends Stake in Hims & Hers

Ticker: HIMS · Form: SC 13D/A · Filed: 2024-05-22T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, filing-amendment, venture-capital

Related Tickers: HIMS

TL;DR

VC group IVP XV/XVI filed 13D/A on HIMS, changing ownership details.

AI Summary

Institutional Venture Management XVI, LLC and its affiliates have filed an amendment to their Schedule 13D concerning Hims & Hers Health, Inc. The filing, dated May 22, 2024, indicates a change in beneficial ownership. The group previously operated under the name Oaktree Acquisition Corp. before changing it on April 12, 2019.

Why It Matters

This filing signals a potential shift in the ownership structure or strategy of Hims & Hers Health, Inc., which could impact its stock performance and future business decisions.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in investor sentiment or strategy, potentially affecting the stock price.

Key Players & Entities

FAQ

Who are the primary filers of this SC 13D/A amendment?

The primary filers are Institutional Venture Management XVI, LLC and its group members, including Institutional Venture Partners XV, L.P., Institutional Venture Partners Executive Fund XV, L.P., and Institutional Venture Partners XV, L.P.

What is the subject company of this filing?

The subject company is Hims & Hers Health, Inc.

When was this amendment filed?

This amendment was filed on May 22, 2024.

What was the former name of the subject company's predecessor?

The former name was Oaktree Acquisition Corp., with a date of name change on April 12, 2019.

What is the business address of Institutional Venture Management XVI, LLC?

The business address is 3000 Sand Hill Road, Building 2, Suite 250, Menlo Park, CA 94025.

From the Filing

0001104659-24-064378.txt : 20240522 0001104659-24-064378.hdr.sgml : 20240522 20240522190648 ACCESSION NUMBER: 0001104659-24-064378 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240522 DATE AS OF CHANGE: 20240522 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: 24974849 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 tm2415368d1_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. 3)* 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) May 20, 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) Chec

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