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FIGS, Inc.·4

Mar 3, 5:19 PM ET

Hasson Heather L. 4

4 · FIGS, Inc. · Filed Mar 3, 2026

Research Summary

AI-generated summary of this filing

Updated

FIGS Heather Hasson (10% Owner) Exercises Options, Sells Shares

What Happened
Heather L. Hasson (reported as a 10% owner) exercised stock options on 2026-03-02 and then completed share dispositions. The filing shows option exercises that resulted in acquired shares of 313,336 at $0.85 (cost $266,336) and 900,000 at $1.37 (cost $1,233,000). The issuer withheld 657,009 shares to satisfy the exercise price and tax withholdings (reported value $11,247,994). Separately, Hasson sold 556,327 shares in open-market transactions on 2026-03-03 for a weighted average price of $16.85, totaling about $9,375,334.

Key Details

  • Transaction dates: exercises and withholding on 2026-03-02; open-market sale on 2026-03-03. Filing date: 2026-03-03 (appears timely).
  • Exercise breakdown reported: 313,336 shares @ $0.85 ($266,336) and 900,000 shares @ $1.37 ($1,233,000).
  • Withholding to pay exercise price/taxes: 657,009 shares @ $17.12 (reported $11,247,994). Footnote F1 clarifies withheld shares are not a sale by the reporting person.
  • Open-market sale: 556,327 shares @ weighted avg $16.85 ($9,375,334). Footnote F2 notes sale prices ranged $16.31–$17.19 and the weighted average is reported.
  • Reported beneficial holdings (per footnote F3): 829,385 RSUs; 2,814,480 Class B shares (convertible); and 10,775,812 Class A shares underlying vested options. F5 notes all option shares underlying the exercised option(s) have vested.
  • F4 notes Hasson is managing member of Hollywood Capital Partners LLC and disclaims beneficial ownership of those LLC-held securities except to extent of pecuniary interest.

Context

  • This was an option exercise followed by share withholding to cover taxes/exercise costs (a common "cashless" or net-share settlement step) and a separate open-market sale. Footnote F1 emphasizes withheld shares are not a sale by Hasson; the open-market sale is the cash realization reported.
  • As a 10% owner, Hasson is a large shareholder; such transactions can reflect personal liquidity or routine option exercises rather than a signal about company fundamentals. The filing shows the exercises and the subsequent sale/withholding but does not state motivation.

Insider Transaction Report

Form 4
Period: 2026-03-02
FIGS, Inc.FIGS
Hasson Heather L.
DirectorExecutive Chairman10% Owner
Transactions
  • Exercise/Conversion

    Class A Common Stock

    2026-03-02$0.85/sh+313,336$266,336→ 1,565,303 total
  • Exercise/Conversion

    Class A Common Stock

    2026-03-02$1.37/sh+900,000$1,233,000→ 2,465,303 total
  • Tax Payment

    Class A Common Stock

    [F1]
    2026-03-02$17.12/sh−657,009$11,247,994→ 1,808,294 total
  • Sale

    Class A Common Stock

    [F2][F3]
    2026-03-03$16.85/sh−556,327$9,375,334→ 1,251,967 total
  • Exercise/Conversion

    Stock Option (Right to Buy)

    [F5]
    2026-03-02$0.85/sh−313,336$266,336→ 0 total
    Exercise: $0.85Exp: 2028-02-21→ Class A Common Stock (313,336 underlying)
  • Exercise/Conversion

    Stock Option (Right to Buy)

    [F5]
    2026-03-02$1.37/sh−900,000$1,233,000→ 0 total
    Exercise: $1.37Exp: 2028-06-26→ Class A Common Stock (900,000 underlying)
Holdings

  • Class A Common Stock

    (indirect: By Trust)
    8,338

  • Class A Common Stock

    [F4]
    (indirect: By LLC)
    141
Footnotes (5)
  • [F1]Represents shares that have been withheld by the Issuer upon the net exercise of stock options and used to pay the exercise prices and required tax withholdings. Does not represent a sale by the Reporting Person.
  • [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.31 to $17.19 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.
  • [F3]829,385 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. In addition to the securities reported in this column, the Reporting Person beneficially owns 2,814,480 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 10,775,812 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]All shares underlying this option have vested.
Signature
/s/ Danielle Warner as Attorney-in-Fact for Heather Hasson|2026-03-03

Documents

1 file
  • 4
    wk-form4_1772576380.xmlPrimary

    FORM 4