Oughtred Sarah 4
4 · FIGS, Inc. · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
FIGS CFO Sarah Oughtred Sells 23,597 Shares
What Happened Sarah Oughtred, CFO of FIGS, sold 23,597 shares on May 4, 2026, generating gross proceeds of approximately $338,237. The filing reports a weighted-average sale price of $14.33 per share (individual trades ranged from $14.160 to $14.344). The sale related to the vesting and settlement of RSUs and was executed to cover required tax withholding.
Key Details
- Transaction date: 2026-05-04; Form 4 filed 2026-05-06 (timely filing).
- Sale: 23,597 shares disposed; weighted-average price $14.33; price range $14.160–$14.344.
- Proceeds: $338,237 (aggregate).
- Reason: Shares sold solely to cover taxes/fees due upon RSU vesting, pursuant to a 10b5-1 instruction letter delivered to the issuer on August 13, 2024 (footnotes F1–F3).
- Holdings note: Footnote F4 indicates 953,028 of the reporting person’s securities are RSUs (each representing a contingent right to receive one share). The filing does not disclose the total number of shares owned after this transaction.
- No other reasons for sale: Filing states none of the reported shares were sold for any reason other than to cover required taxes and fees (footnote F2).
Context This was a tax-withholding sale tied to RSU vesting rather than a discretionary open-market sell for personal investment reasons. Such sales to satisfy tax obligations are common and generally considered routine administrative transactions rather than a direct signal about the insider’s view of the company.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3][F4]2026-05-04$14.33/sh−23,597$338,237→ 1,129,791 total
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 AUGUST 13, 2024, 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]953,028 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock.