Oughtred Sarah 4

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.