4//SEC Filing
Hasson Heather L. 4
Accession 0001843821-25-000004
CIK 0001846576other
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 4:24 PM ET
Size
16.9 KB
Accession
0001843821-25-000004
Insider Transaction Report
Form 4
FIGS, Inc.FIGS
Hasson Heather L.
DirectorExecutive Chair10% Owner
Transactions
- Award
Class A Common Stock
2025-08-12+947,868→ 1,298,197 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) - Disposition to Issuer
Stock Option (Right to Buy)
2025-08-12−2,863,828→ 0 totalExercise: $11.79Exp: 2032-08-08→ Class A Common Stock (2,863,828 underlying) - Award
Stock Option (Right to Buy)
2025-08-12+2,863,828→ 2,863,828 totalExercise: $6.63Exp: 2032-08-08→ Class A Common Stock (2,863,828 underlying)
Holdings
- 8,338(indirect: By Trust)
Class A Common Stock
- 141(indirect: By LLC)
Class A Common Stock
Footnotes (7)
- [F1]These Restricted Stock Units ("RSUs") vest as to 1/16th of the shares of Class A Common Stock underlying the RSUs on each quarterly anniversary following August 1, 2025, subject to the Reporting Person's continued service through the applicable vesting date.
- [F2]947,868 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 2,814,480 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 11,449,396 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 (i) 727,097 fully vested options originally granted to the Reporting Person on May 26, 2021 with an original exercise price of $22.00 and (ii) 2,863,828 fully vested options originally granted to the Reporting Person on August 9, 2022 with an original exercise price of $11.79. Pursuant to the Option Repricing, the exercise prices of the repriced options have 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 schedules of the repriced options have also been extended as reported herein. There is no change to the expiration dates 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 8/7/2025.
- [F6]The option vests and becomes exercisable in 24 equal monthly installments, with the first installment vesting on September 12, 2025.
- [F7]The option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on September 12, 2025.
Documents
Issuer
FIGS, Inc.
CIK 0001846576
Entity typeother
Related Parties
1- filerCIK 0001843821
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 4:24 PM ET
- Size
- 16.9 KB