Spear Catherine Eva 4
4 · FIGS, Inc. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
FIGS CEO Catherine Spear Withholds 61,556 Shares for Taxes
What Happened Catherine Eva Spear, CEO of FIGS, reported that 61,556 shares were withheld to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units (RSUs). The withholding was recorded at $10.05 per share, totaling approximately $618,638. The filing clarifies this was not an open-market sale but a tax-withholding event tied to RSU vesting.
Key Details
- Transaction date: 2026-07-01; withholding price: $10.05; shares withheld: 61,556; value ≈ $618,638.
- Transaction code: F (tax withholding in connection with RSU vesting). The Form 4 explicitly states it does not concern a sale (Footnote F1-F2).
- Holdings disclosed (Footnote F3): 976,967 securities are RSUs; Spear also beneficially owns 5,469,161 shares of Class B common stock (directly/indirectly, convertible to Class A) and has 19,776,378 shares of Class A underlying vested options.
- Footnote F4: Spear is a managing member of Hollywood Capital Partners LLC and disclaims beneficial ownership of certain securities except to the extent of pecuniary interest.
- Filing: Report filed 2026-07-06 for a 2026-07-01 transaction (reported after the transaction date).
Context This was a routine cashless-like settlement where the company withheld vested RSU shares to cover tax obligations — common practice and not an on-market sale that signals immediate cashing out. For retail investors, tax-withholdings on RSU vesting are administrative and do not necessarily indicate any change in insider sentiment.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-07-01$10.05/sh−61,556$618,638→ 1,733,408 total
- 797,073(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]976,967 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 5,469,161 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 19,776,378 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.