Spear Catherine Eva 4

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.