Hasson Heather L. 4
4 · FIGS, Inc. · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
FIGS 10% Owner Heather Hasson Sells 32,385 Shares
What Happened
Heather L. Hasson, a 10% owner of FIGS, Inc. (FIGS), sold 32,385 shares on May 4, 2026 in an open-market/private sale at a weighted average price of $14.33 per share for total proceeds of about $464,203. The sale was made in connection with the vesting and settlement of restricted stock units (RSUs) and was executed solely to satisfy tax and fee withholding obligations.
Key Details
- Transaction date: 2026-05-04; Form filed: 2026-05-06 (timely).
- Shares sold: 32,385; weighted-average price: $14.33; price range reported: $14.160–$14.344. Total proceeds ≈ $464,203. (Sales were made in multiple transactions — exact per-price breakdown available on request.)
- Purpose: Sales were solely to cover required taxes and fees upon RSU vesting and were made pursuant to a 10b5-1 instruction letter delivered May 9, 2023. Footnotes state none of these shares were sold for any reason other than to cover taxes/fees.
- Post-transaction holdings disclosed: 984,368 RSUs (contingent rights to Class A shares), beneficial ownership of 2,814,480 Class B shares (convertible to Class A), and 10,995,729 Class A shares underlying vested options.
- Additional note: Hasson is a managing member of Hollywood Capital Partners LLC and disclaims beneficial ownership of certain securities except to the extent of her pecuniary interest.
Context
This was a tax-withholding sale tied to RSU settlement rather than a discretionary sale for diversification or liquidity; such transactions are routine and do not necessarily indicate a change in sentiment. As a 10% owner, Hasson holds a substantial stake in FIGS through Class B shares and vested option positions.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3][F4]2026-05-04$14.33/sh−32,385$464,203→ 1,433,807 total
- 8,338(indirect: By Trust)
Class A Common Stock
- 141(indirect: By LLC)
Class A Common Stock
[F5]
Footnotes (5)
- [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 9, 2023, AND NONE OF THE SHARES REPORTED ON THIS FORM 4 WERE SOLD FOR ANY REASON OTHER THAN TO COVER REQUIRED TAXES AND FEES.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.160 to $14.344 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.
- [F4]984,368 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 10,995,729 shares of the Issuer's Class A Common Stock underlying vested options.
- [F5]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.