Spear Catherine Eva 4
4 · FIGS, Inc. · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
FIGS CEO Catherine Spear Sells 62,335 Shares
What Happened Catherine Spear, CEO of FIGS (FIGS), sold 62,335 shares on April 2, 2026 at $14.44 per share, generating proceeds of $900,049. The sale followed the vesting and settlement of RSUs and was made solely to cover required taxes and fees.
Key Details
- Transaction date and price: April 2, 2026 — 62,335 shares sold at $14.44 each (total ~$900,049).
- Reason: Sale executed solely to satisfy tax withholding obligations upon RSU vesting; shares sold pursuant to a 10b5-1 instruction letter dated May 13, 2025. (Per filing footnotes F1 & F2.)
- Holdings after transaction: Form 4 reports 1,097,946 RSUs (each for one Class A share). Additionally, Spear beneficially owns 5,469,161 Class B shares (convertible to Class A) and 19,633,407 shares underlying vested options. (See footnote F3.)
- Entity note: Spear is a managing member of Hollywood Capital Partners LLC and disclaims beneficial ownership of those LLC-held securities except to the extent of pecuniary interest (footnote F4).
- Filing timeliness: Report filed April 6, 2026 — within the SEC’s two-business-day window following the April 2 transaction.
Context This was a routine, tax-withholding sale tied to RSU vesting (not an open-market sell for investment reasons, per the filing). Such transactions are common when equity awards settle and do not by themselves indicate the insider’s broader view of the company.
Insider Transaction Report
Form 4
FIGS, Inc.FIGS
Spear Catherine Eva
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-04-02$14.44/sh−62,335$900,049→ 1,794,964 total
Holdings
- 797,073(indirect: By Trust)
Class A Common Stock
- 141(indirect: By LLC)
Class A Common Stock
[F4]
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 MAY 13, 2025, AND NONE OF THE SHARES REPORTED ON THIS FORM 4 WERE SOLD FOR ANY REASON OTHER THAN TO COVER REQUIRED TAXES AND FEES.
- [F3]1,097,946 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 5,469,161 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 19,633,407 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.
Signature
/s/ Danielle Warner as Attorney-in-Fact for Catherine Spear|2026-04-06