Spear Catherine Eva 4

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.