Oughtred Sarah 4
4 · FIGS, Inc. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
FIGS CFO Sarah Oughtred Sells 22,690 Shares
What Happened Sarah Oughtred, Chief Financial Officer of FIGS, sold 22,690 shares on Feb 5, 2026 in an open-market/plan-directed sale for a weighted average price of $10.56 per share, totaling approximately $239,606. The filing states these sales were made solely to cover tax and fee obligations arising from the vesting and settlement of restricted stock units (RSUs), not for other reasons.
Key Details
- Transaction date: February 5, 2026; Form 4 filed Feb 9, 2026 (timely filing).
- Shares sold: 22,690; weighted average price $10.56; total proceeds ~$239,606.
- Price range: $10.5250 to $10.5607 per share (sold in multiple trades).
- Reason: Sales made solely to cover taxes/fees due upon RSU vesting under a 10b5-1 instruction letter dated Aug 13, 2024.
- RSU note: Footnote states 671,386 of the reported securities are RSUs (each a contingent right to receive one share); notes also reference prior ESPP purchases (6,249 and 3,111 shares).
- Shares owned after the transaction: not specified in the provided excerpt.
Context These were not discretionary sell-offs but tax-withholding sales following RSU vesting and settlement, executed under a pre-existing 10b5-1 plan. Such sell-to-cover transactions are routine and don't necessarily indicate the insider's view on the company's stock.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3][F4]2026-02-05$10.56/sh−22,690$239,606→ 821,500 total
Footnotes (4)
- [F1]THIS FORM 4 CONCERNS THE VESTING AND SETTLEMENT OF RESTRICTED STOCK UNITS ("RSUs"), WHICH SERVE TO INCREASE THE NUMBER OF SHARES OF THE OUTSTANDING CAPITAL STOCK OF THE ISSUER OWNED BY THE REPORTING PERSON, AND THE RELATED SALE OF CERTAIN SHARES REQUIRED PURSUANT TO A 10B5-1 INSTRUCTION LETTER TO SATISFY THE TAX OBLIGATIONS OWED IN CONNECTION WITH THE VESTING AND SETTLEMENT OF SUCH RSUs. SEE ADDITIONAL FOOTNOTES BELOW FOR MORE INFORMATION.
- [F2]REPRESENTS THE AGGREGATE NUMBER OF SHARES SOLD BY THE REPORTING PERSON SOLELY TO COVER REQUIRED TAXES AND FEES DUE UPON THE VESTING AND SETTLEMENT OF RSUs. THE SALES WERE MADE PURSUANT TO A 10B5-1 INSTRUCTION LETTER DELIVERED TO THE ISSUER ON AUGUST 13, 2024, AND NONE OF THE SHARES REPORTED ON THIS FORM 4 WERE SOLD FOR ANY REASON OTHER THAN TO COVER REQUIRED TAXES AND FEES.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.5250 to $10.5607 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]671,386 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. Includes 6,249 shares acquired on May 30, 2025, and 3,111 shares acquired on November 28, 2025, in each case under the Issuer's 2021 Employee Stock Purchase Plan.