Oughtred Sarah 4

What Happened

• Sarah Oughtred, Chief Financial Officer of FIGS, sold 10,872 shares at $14.44 per share on April 2, 2026, generating proceeds of $156,980. The filing indicates these shares were sold in connection with the vesting and settlement of restricted stock units (RSUs) and the sale was to satisfy tax and fee obligations.

Key Details

• Transaction date and price: April 2, 2026 — 10,872 shares sold at $14.44 each.
• Proceeds: $156,980 (aggregate).
• Transaction type: Sale (reported as open market or private sale) and reported on Form 4 filed April 6, 2026.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1/F2: The sale was related to the vesting/settlement of RSUs and was made solely to cover required taxes and fees under a 10b5-1 instruction letter (delivered Aug 13, 2024). The filing states none of these shares were sold for any reason other than to cover taxes/fees.
  • F3: The filing notes 994,079 of the reported securities are RSUs (each a contingent right to one share).
• Filing timeliness: No late filing is indicated in the excerpt.

Context

• This was a routine sale tied to RSU vesting and tax withholding, executed under a pre-established 10b5-1 instruction — a mechanism that typically indicates the sale was pre-planned to satisfy tax obligations rather than a discretionary bet on the stock. Purchases by insiders often carry more weight as signals; routine tax-related sales are common and not necessarily indicative of management’s view on the company.