Form 4 for FIGS FIGS, Inc.

Accepted 2022-12-06 00:00:00 ET · period of report 2022-12-02 · accession 0001628280-22-031449 · 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	2022-12-06	2022-12-02	FIGS	Hasson Heather L.	Executive COB, Dir, 10%	J - Other	$0.00	-169.1K	1.74M	-9%	$0
D	2022-12-06	2022-12-02	FIGS	Hasson Heather L.	Executive COB, Dir, 10%	J - Other	$0.00	+169.1K	676.3K	+33%	$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	2022-12-02	J	D	169,076	$0.00	1,735,914	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. SEE ADDITIONAL FOOTNOTES BELOW FOR MORE INFORMATION (F3) All but 124,425 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	2022-12-02	J	A	169,076	$0.00	676,304	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.