Form 4 for FIGS FIGS, Inc.
Accepted 2022-06-06 00:00:00 ET · period of report 2022-06-02 · accession 0001209191-22-034721 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-06-06 | 2022-06-02 | FIGS | Spear Catherine Eva | Co-CEO, Dir, 10% | J - Other | $0.00 | -169.1K | 1.11M | -13% | $0 |
| D | 2022-06-06 | 2022-06-02 | FIGS | Spear Catherine Eva | Co-CEO, Dir, 10% | J - Other | $0.00 | +169.1K | 338.2K | +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 | 2022-06-02 | J | D | 169,076 | $0.00 | 1,113,889 | D | — | — | (F1) THIS FORM 4 DOES NOT CONCERN THE SALE OF ANY SHARES. IT ONLY CONCERNS THE EXCHANGE BY THE REPORTING PERSON OF CERTAIN SHARES OF THE ISSUER'S CLASS A COMMON STOCK FOR SHARES OF THE ISSUER'S CLASS B COMMON STOCK AND A PRO RATA DISTRIBUTION OF SHARES TO AN ENTITY OF WHICH THE REPORTING PERSON IS A MEMBER. SEE ADDITIONAL FOOTNOTES BELOW FOR MORE INFORMATION. (F3) All but 14,204 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. Upon vesting and settlement of certain of the RSUs, certain shares of the Issuer's Class A Common Stock held by the Reporting Person may be exchanged at a 1:1 ratio for shares of the Issuer's Class B Common Stock at the election of the Reporting Person pursuant to the Equity Award Exchange Right Agreement. |
| 2 | Derivative | Class B Common Stock | 2022-06-02 | J | A | 169,076 | $0.00 | 338,152 | D | — · — to — | 169,076 Class A Common Stock | (F5) 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. |