FIGS CFO Sarah Oughtred Withholds 21,962 Shares for Taxes

What Happened Sarah Oughtred, CFO of FIGS, had 21,962 shares withheld to satisfy the tax withholding obligation tied to the vesting of restricted stock units (RSUs). The withholding was reported as a disposition at a price of $10.92 per share, totaling $239,825, and occurred on August 5, 2026. The filing clarifies this was a tax withholding related to RSU settlement—not an open-market sale.

Key Details

• Transaction date: 2026-08-05; price: $10.92 per share; shares withheld/disposed: 21,962; value: $239,825.
• Filing date: 2026-08-07 (no indication the filing was late).
• Footnotes: F1 clarifies the Form 4 concerns RSU vesting and related tax withholding, not a sale; F2 confirms shares were withheld by the issuer to satisfy tax obligations; F3 notes 870,488 of the reported securities are RSUs (each convertible to one share).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context This is a routine corporate tax-withholding event that happens when RSUs vest. Withheld shares are surrendered to the company to cover the employee’s tax bill; they do not necessarily reflect the insider buying or selling shares on the open market. Purchases or open-market sales are typically more informative about insider sentiment than tax-withholding disposals.