4//SEC Filing
Spear Catherine Eva 4
Accession 0001628280-23-031767
CIK 0001846576other
Filed
Sep 6, 8:00 PM ET
Accepted
Sep 7, 7:32 PM ET
Size
14.8 KB
Accession
0001628280-23-031767
Insider Transaction Report
Form 4
FIGS, Inc.FIGS
Spear Catherine Eva
DirectorChief Executive Officer10% Owner
Transactions
- Other
Class A Common Stock
2023-09-06−169,076→ 704,556 total - Other
Class B Common Stock
2023-09-06+169,076→ 1,183,532 total→ Class A Common Stock (169,076 underlying)
Holdings
- 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) - 797,073(indirect: By Trust)
Class A Common Stock
- 983,016(indirect: By Trust)
Class B Common Stock
→ Class A Common Stock (983,016 underlying) - 141(indirect: By LLC)
Class A Common Stock
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 Restricted Stock Units ("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 76,966 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. In addition to the securities reported in this column, the Reporting Person beneficially owns 5,300,085 shares of the Issuer's Class B Common Stock directly and indirectly through various trusts, which are convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and which are reflected in Table II of this Form 4, and 15,027,107 shares of the Issuer's Class A Common Stock underlying vested options.
- [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
- Sep 6, 8:00 PM ET
- Accepted
- Sep 7, 7:32 PM ET
- Size
- 14.8 KB