Tull Thomas 4
4 · FIGS, Inc. · Filed Jan 14, 2025
Insider Transaction Report
Form 4
FIGS, Inc.FIGS
Tull Thomas
10% Owner
Transactions
- Exercise of In-Money
Class A Common Stock
2025-01-11$6.25/sh−19,039,999$118,999,994→ 6,675,631 total(indirect: By Trust) - Exercise of In-Money
Put Option (right to sell)
2025-01-11−19,039,999→ 0 totalExercise: $6.25From: 2025-01-11Exp: 2025-05-07→ Class A Common Stock (19,039,999 underlying)
Holdings
- 16,918(indirect: By LLC)
Class A Common Stock
- 2,101,277
Class A Common Stock
Footnotes (4)
- [F1]On January 11, 2025, pursuant to the Put-Call Agreement dated January 7, 2025 among BAMCO, Inc. (the "Buyer"), a wholly-owned subsidiary of Baron Capital Group, Inc., Thomas J. Tull, in his individual capacity ("Tull"), Thomas J. Tull, in his capacity as trustee of the Tull Family Trust, u/a/d August 1, 2005, as amended ("Tull Family Trust"), and First Light Investors, LLC, which is controlled by Tull's spouse ("First Light" and, collectively with Tull and Tull Family Trust, the "Sellers"), the Sellers exercised the right to require the Buyer to purchase from the Sellers 19,039,999 shares of Class A Common Stock of the Issuer at a price equal to $6.25 per share.
- [F2]Includes 45,455 shares of Class A Common Stock held by the Tull Family Trust and inadvertently omitted from prior filings.
- [F3]Represents securities held directly by the Tull Family Trust, of which the reporting person is the trustee. The reporting person disclaims beneficial ownership of the securities held by the Tull Family Trust, except to the extent of his pecuniary interest therein.
- [F4]Represents securities held directly by First Light Investors, LLC, which is controlled by the reporting person's spouse. The reporting person disclaims beneficial ownership of the securities held by First Light Investors, LLC, except to the extent of his pecuniary interest therein.