Form 4 for FIGS FIGS, Inc.
Accepted 2022-03-23 00:00:00 ET · period of report 2022-03-21 · accession 0001209191-22-020769 · 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 | 2022-03-23 | 2022-03-21 | FIGS | Tull Thomas | 10% | C - Cnv Deriv | $0.00 | +6.30M | 0 | New | $0 |
| DM | 2022-03-23 | 2022-03-21 | FIGS | Tull Thomas | 10% | P - Purchase | $19.75 | +253.6K | 1.98M | +15% | +$5.01M |
| DI | 2022-03-23 | 2022-03-21 | FIGS | Tull Thomas | 10% | C - Cnv Deriv | $0.00 | -6.30M | 0 | -100% | $0 |
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 | 2022-03-21 | C | A | 6,300,000 | $0.00 | 0 | I By Tulco, LLC | — | — | (F2) Represents securities held directly by Tulco, LLC. The reporting person is the founder, Chairman and Chief Executive Officer of Tulco, LLC and a member of its board of directors and, therefore, may be deemed to control Tulco, LLC. The reporting person may be deemed to have or share beneficial ownership of the securities held directly by Tulco, LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
| 2 | Common | Class A Common Stock | 2022-03-21 | P | A | 120,147 | $20.16 | 2,101,277 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $19.88-$20.69, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. |
| 3 | Common | Class A Common Stock | 2022-03-21 | P | A | 133,490 | $19.38 | 1,981,130 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.88-$19.87, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. (F4) Includes 1,847,640 Class A Shares received from Tulco, LLC's in-kind, pro rata distribution as described in footnote 1. |
| 4 | Derivative | Class B Common Stock | 2022-03-21 | C | D | 6,300,000 | $0.00 | 0 | I By Tulco, LLC | — · — to — | 6,300,000 Class A Common Stock | (F2) Represents securities held directly by Tulco, LLC. The reporting person is the founder, Chairman and Chief Executive Officer of Tulco, LLC and a member of its board of directors and, therefore, may be deemed to control Tulco, LLC. The reporting person may be deemed to have or share beneficial ownership of the securities held directly by Tulco, LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. (F9) Each Class B Share is convertible at any time at the option of Tulco, LLC into one Class A Share. In addition, each Class B Share will automatically convert into one Class A Share upon transfer or certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. All Class B Shares, if not previously converted, will automatically convert into Class A Shares on June 1, 2031. |