4//SEC Filing
Spear Catherine Eva 4
Accession 0001628280-23-006730
CIK 0001846576other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 4:44 PM ET
Size
14.5 KB
Accession
0001628280-23-006730
Insider Transaction Report
Form 4
FIGS, Inc.FIGS
Spear Catherine Eva
DirectorChief Executive Officer10% Owner
Transactions
- Other
Class A Common Stock
2023-03-06−169,076→ 606,661 total - Other
Class B Common Stock
2023-03-06+169,076→ 845,380 total→ Class A Common Stock (169,076 underlying)
Holdings
- 7,073(indirect: By Trust)
Class A Common Stock
- 141(indirect: By LLC)
Class A Common Stock
- 2,150,521(indirect: By Trust)
Class B Common Stock
→ Class A Common Stock (2,150,521 underlying) - 983,016(indirect: By Trust)
Class B Common Stock
→ Class A Common Stock (983,016 underlying) - 983,016(indirect: By Trust)
Class B Common Stock
→ Class A Common Stock (983,016 underlying)
Footnotes (5)
- [F1]THIS FORM 4 DOES NOT CONCERN THE SALE OF ANY SHARES. IT ONLY CONCERNS THE EXCHANGE BY THE REPORTING PERSON OF CERTAIN SHARES OF THE ISSUER'S CLASS A COMMON STOCK FOR SHARES OF THE ISSUER'S CLASS B COMMON STOCK. SEE ADDITIONAL FOOTNOTES BELOW FOR MORE INFORMATION.
- [F2]Upon vesting and settlement of RSUs for shares of the Issuer's Class A Common Stock, such shares were exchanged at a 1:1 ratio for shares of the Issuer's Class B Common Stock at the election of the Reporting Person pursuant to an equity award exchange right agreement between the Issuer and the Reporting Person (the "Equity Award Exchange Right Agreement").
- [F3]All but 35,510 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. Upon vesting and settlement of certain of the RSUs, certain shares of the Issuer's Class A Common Stock held by the Reporting Person may be exchanged at a 1:1 ratio for shares of the Issuer's Class B Common Stock at the election of the Reporting Person pursuant to the Equity Award Exchange Right Agreement.
- [F4]The Reporting Person is a managing member of Hollywood Capital Partners LLC and disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- [F5]Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon transfer or certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. All shares of Class B Common Stock, if not previously converted, will automatically convert into Class A Common Stock on June 1, 2031.
Documents
Issuer
FIGS, Inc.
CIK 0001846576
Entity typeother
Related Parties
1- filerCIK 0001820448
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 4:44 PM ET
- Size
- 14.5 KB