Oughtred Sarah 4

What Happened

• Sarah Oughtred, Chief Financial Officer of FIGS, reported that 22,197 shares were withheld to satisfy tax-withholding obligations tied to the vesting/settlement of restricted stock units (RSUs). The withholding was recorded at $10.05 per share, totaling approximately $223,080. The Form 4 clarifies this was a tax-withholding transaction, not an open-market sale.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026.
• Withheld shares: 22,197 at $10.05 per share → ~$223,080.
• Transaction code: F (tax withholding/payment of tax liability related to equity).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1—filing concerns RSU vesting and withholding, not a sale; F2—shares were withheld by the issuer to satisfy tax obligations; F3—911,539 of the reported securities are RSUs (each convertible into one Class A share) and the total includes 2,533 shares from the 2021 ESPP acquired May 29, 2026.

Context

• This is a routine cashless/withholding event tied to RSU vesting, which reduces outstanding shares held by the insider but is not an indication of an open-market sale or a change in investment stance. For many insiders, tax-withholding withholdings are administrative and do not signal buy/sell intent.