4//SEC Filing
Spear Catherine Eva 4
Accession 0001820448-25-000006
CIK 0001846576other
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 4:39 PM ET
Size
12.7 KB
Accession
0001820448-25-000006
Insider Transaction Report
Form 4
FIGS, Inc.FIGS
Spear Catherine Eva
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Class A Common Stock
2025-08-13$6.88/sh−65,866$453,158→ 1,969,246 total - Disposition to Issuer
Stock Option (Right to Buy)
2025-08-12−727,097→ 0 totalExercise: $22.00Exp: 2031-05-25→ Class A Common Stock (727,097 underlying) - Award
Stock Option (Right to Buy)
2025-08-12+727,097→ 727,097 totalExercise: $6.63Exp: 2031-05-25→ Class A Common Stock (727,097 underlying)
Holdings
- 797,073(indirect: By Trust)
Class A Common Stock
- 141(indirect: By LLC)
Class A Common Stock
Footnotes (6)
- [F1]REPRESENTS THE AGGREGATE NUMBER OF SHARES SOLD BY THE REPORTING PERSON SOLELY TO COVER REQUIRED TAXES AND FEES DUE UPON THE VESTING AND SETTLEMENT OF RESTRICTED STOCK UNITS ("RSUs"). THE SALES WERE MADE PURSUANT TO A 10B5-1 INSTRUCTION LETTER DELIVERED TO THE ISSUER ON MAY 13, 2025, AND NONE OF THE SHARES REPORTED AS SOLD ON THIS FORM 4 WERE SOLD FOR ANY REASON OTHER THAN TO COVER REQUIRED TAXES AND FEES.
- [F2]1,460,886 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 holds 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 an equal number of shares of Class A Common Stock, and 18,958,606 shares of the Issuer's Class A Common Stock underlying vested options, neither of which are reported on this Form 4.
- [F3]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.
- [F4]All shares underlying this option have vested.
- [F5]The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") effective on August 12, 2025 (the "Repricing Date"). The Option Repricing applies to 727,097 fully vested options originally granted to the Reporting Person on May 26, 2021 with an original exercise price of $22.00. Pursuant to the Option Repricing, the exercise price of the repriced options has been amended to reduce the exercise price to $6.63 per share, the closing price of the Issuer's Class A Common Stock on the Repricing Date. The vesting schedule of the repriced options has also been extended as reported herein. There is no change to the expiration date of, or number of shares underlying, the repriced options. For more information, see Part II, Item 5. "Other Information" in the Issuer's Form 10-Q filed with the SEC on August 7, 2025.
- [F6]The option vests and becomes exercisable in 24 equal monthly installments, with the first installment vesting on September 12, 2025.
Documents
Issuer
FIGS, Inc.
CIK 0001846576
Entity typeother
Related Parties
1- filerCIK 0001820448
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 4:39 PM ET
- Size
- 12.7 KB