Form 4 for FIGS FIGS, Inc.

Accepted 2022-08-11 00:00:00 ET · period of report 2022-08-09 · accession 0001628280-22-022535 · 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	2022-08-11	2022-08-09	FIGS	Hasson Heather L.	Executive COB, Dir, 10%	A - Grant	$0.00	+960.2K	2.07M	+86%	$0
D	2022-08-11	2022-08-09	FIGS	Hasson Heather L.	Executive COB, Dir, 10%	A - Grant	$0.00	+2.86M	2.86M	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2022-08-09	A	A	960,177	$0.00	2,074,066	D	—	—	(F1) These Restricted Stock Units ("RSUs") vest as to the shares of Class A Common Stock underlying the RSUs in 10 substantially equal quarterly installments, with the first installment vesting on November 4, 2022, provided that the final installment will vest on December 31, 2024, all subject to the Reporting Person's continued service through the applicable vesting date. (F2) 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 an equity award exchange right agreement between the Issuer and the Reporting Person.
2	Derivative	Stock Option (Right to Buy)	2022-08-09	A	A	2,863,828	$0.00	2,863,828	D	$11.79 · — to 2032-08-08	2,863,828 Class A Common Stock	(F4) The option vests and becomes exercisable in 29 substantially equal monthly installments, with the first installment vesting on September 4, 2022, provided that the final installment will vest on December 31, 2024, all subject to the Reporting Person's continued service through the applicable vesting date.