Form 4 for FIGS FIGS, Inc.
Accepted 2021-09-20 00:00:00 ET · period of report 2021-07-01 · accession 0000899243-21-036683 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-09-20 | 2021-09-20 | FIGS | Spear Catherine Eva | Co-CEO, Dir, 10% | C - Cnv Deriv | — | +1.47M | 1.47M | New | — |
| DI | 2021-09-20 | 2021-09-20 | FIGS | Spear Catherine Eva | Co-CEO, Dir, 10% | S - Sale | $40.25 | -1.47M | 0 | -100% | -$59.10M |
| DI | 2021-09-20 | 2021-09-20 | FIGS | Spear Catherine Eva | Co-CEO, Dir, 10% | C - Cnv Deriv | $0.00 | -1.47M | 1.47M | -50% | $0 |
| DMI | 2021-09-20 | 2021-07-01 | FIGS | Spear Catherine Eva | Co-CEO, Dir, 10% | G - Gift | — | 0 | 983.0K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-09-20 | C | A | 1,468,324 | — | 1,468,324 | I Held by the Catherine Spear Revocable Trust | — | — | (F1) On September 20, 2021, the Reporting Person directed the sale of 1,468,324 shares of her Class B Common Stock, resulting in the automatic conversion of such shares of Class B Common Stock at a 1:1 ratio into shares of the Issuer's Class A Common Stock upon execution of the sale and pursuant to the terms of the Issuer's Amended and Restated Certificate of Incorporation. |
| 2 | Common | Class A Common Stock | 2021-09-20 | S | D | 1,468,324 | $40.25 | 0 | I Held by the Catherine Spear Revocable Trust | — | — | |
| 3 | Derivative | Class B Common Stock | 2021-09-20 | C | D | 1,468,324 | $0.00 | 1,471,220 | I Held by the Catherine Spear Revocable Trust | — · — to — | 1,468,324 Class A Common Stock | (F1) On September 20, 2021, the Reporting Person directed the sale of 1,468,324 shares of her Class B Common Stock, resulting in the automatic conversion of such shares of Class B Common Stock at a 1:1 ratio into shares of the Issuer's Class A Common Stock upon execution of the sale and pursuant to the terms of the Issuer's Amended and Restated Certificate of Incorporation. (F3) Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon transfer or certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. All shares of Class B Common Stock, if not previously converted, will automatically convert into Class A Common Stock on June 1, 2031. |
| 4 | Derivative | Class B Common Stock | 2021-07-01 | G | A | 319,734 | — | 2,619,810 | I Held by the Catherine Spear Revocable Trust | — · — to — | 319,734 Class A Common Stock | (F4) On July 1, 2021, the Reporting Person transferred 319,734 shares of Class B Common Stock of the Issuer from the Wingaersheek Irrevocable Trust I u/a/d 10/15/2020 to the Catherine Spear Revocable Trust, of each of which the Reporting Person is trustee. The Reporting Person has voting and investment control over these shares. (F3) Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon transfer or certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. All shares of Class B Common Stock, if not previously converted, will automatically convert into Class A Common Stock on June 1, 2031. |
| 5 | Derivative | Class B Common Stock | 2021-07-01 | G | D | 319,734 | — | 983,016 | I Held by the Wingaersheek Irrevocable Trust II u/a/d 10/15/2020 | — · — to — | 319,734 Class A Common Stock | (F5) On July 1, 2021, the Reporting Person transferred 319,734 shares of Class B Common Stock of the Issuer from the Wingaersheek Irrevocable Trust II u/a/d 10/15/2020 to the Catherine Spear Revocable Trust, of each of which the Reporting Person is trustee. The Reporting Person has voting and investment control over these shares. (F3) Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon transfer or certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. All shares of Class B Common Stock, if not previously converted, will automatically convert into Class A Common Stock on June 1, 2031. |
| 6 | Derivative | Class B Common Stock | 2021-07-01 | G | A | 319,734 | — | 2,939,544 | I Held by the Catherine Spear Revocable Trust | — · — to — | 319,734 Class A Common Stock | (F5) On July 1, 2021, the Reporting Person transferred 319,734 shares of Class B Common Stock of the Issuer from the Wingaersheek Irrevocable Trust II u/a/d 10/15/2020 to the Catherine Spear Revocable Trust, of each of which the Reporting Person is trustee. The Reporting Person has voting and investment control over these shares. (F3) Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon transfer or certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. All shares of Class B Common Stock, if not previously converted, will automatically convert into Class A Common Stock on June 1, 2031. |
| 7 | Derivative | Class B Common Stock | 2021-07-01 | G | D | 319,734 | — | 983,016 | I Held by the Wingaersheek Irrevocable Trust I u/a/d 10/15/2020 | — · — to — | 319,734 Class A Common Stock | (F4) On July 1, 2021, the Reporting Person transferred 319,734 shares of Class B Common Stock of the Issuer from the Wingaersheek Irrevocable Trust I u/a/d 10/15/2020 to the Catherine Spear Revocable Trust, of each of which the Reporting Person is trustee. The Reporting Person has voting and investment control over these shares. (F3) Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon transfer or certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. All shares of Class B Common Stock, if not previously converted, will automatically convert into Class A Common Stock on June 1, 2031. |