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.