Soleil Boughton, Hims & Hers’ chief legal officer, sold 21,500 shares worth $605K to cover taxes from vested restricted stock units — not a sign of losing confidence in the company. She still holds over 339K shares valued at $9.5M. The digital health giant continues to grow revenue despite recent net losses, with a stock price of $28.15 at the time of the sale. But investors face a key dilemma: weigh the company’s strong growth and upgraded forecasts against a major FTC lawsuit over data and billing practices — a legal battle the company denies and calls a “headline grab.”
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