Hasson Heather L. 4
4 · FIGS, Inc. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
FIGS (FIGS) 10% Owner Heather Hasson Withholds 6,813 Shares for Taxes
What Happened
Heather L. Hasson, a 10% owner of FIGS, reported that 6,813 shares were disposed on July 1, 2026 as a result of shares being withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding was recorded at $10.05 per share for a total value of approximately $68,471. This was not an open-market sale of shares but a tax-withholding action related to RSU settlement.
Key Details
- Transaction date: 2026-07-01; price: $10.05/share; total value: ~$68,471.
- Transaction code: F — tax withholding to cover tax obligations on vested RSUs (per footnotes).
- Footnotes: F1 clarifies the Form 4 concerns vesting/settlement and withholding, not a sale; F2 confirms shares were withheld to satisfy tax withholding; F3 details beneficial ownership counts (970,979 RSUs; 2,814,480 Class B shares convertible to Class A; and 11,135,647 shares underlying vested options); F4 notes Hasson is a managing member of Hollywood Capital Partners LLC and disclaims beneficial ownership except to the extent of pecuniary interest.
- Filing timeliness: no late-filing indicator provided in the summary information.
Context
This was a routine tax-withholding transaction following RSU vesting (a common occurrence when equity awards vest). For a 10% owner like Hasson, such withholdings reflect compensation and tax obligations rather than a deliberate directional trade; they do not necessarily signal buying or selling sentiment.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-07-01$10.05/sh−6,813$68,471→ 1,426,994 total
- 8,338(indirect: By Trust)
Class A Common Stock
- 141(indirect: By LLC)
Class A Common Stock
[F4]
Footnotes (4)
- [F1]THIS FORM 4 DOES NOT CONCERN THE SALE OF ANY SHARES. IT ONLY CONCERNS THE VESTING AND SETTLEMENT OF RESTRICTED STOCK UNITS ("RSUs") AND THE RELATED WITHHOLDING OF SHARES TO SATISFY THE TAX OBLIGATION OWED IN CONNECTION THEREWITH. SEE ADDITIONAL FOOTNOTES BELOW FOR MORE INFORMATION.
- [F2]Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs previously granted to the Reporting Person.
- [F3]970,979 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 11,135,647 shares of the Issuer's Class A Common Stock underlying vested options.
- [F4]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.