Hims & Hers CEO Andrew Dudum sold a chunk of his ownership in his company for about $33.4 million, marking his biggest sale since the company went pubic in 2021, according to a Monday evening regulatory filing.
Dudum and other Hims executives regularly sell stock on a scheduled plan, though this large sale was made on the open market. Dudum's family trust sold 666,000 shares for about $50 each.
The sale comes a week after the company reported quarterly revenue numbers that disappointed investors as it faces several looming risks, including potential litigation from Novo Nordisk.