Form 4 for FIGS FIGS, Inc.
Accepted 2023-03-07 00:00:00 ET · period of report 2023-03-03 · accession 0001628280-23-006712 · 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 | 2023-03-07 | 2023-03-03 | FIGS | Hasson Heather L. | Executive COB, Dir, 10% | S - Sale | $6.90 | -70.2K | 1.64M | -4% | -$484.6K |
| D | 2023-03-07 | 2023-03-06 | FIGS | Hasson Heather L. | Executive COB, Dir, 10% | J - Other | $0.00 | -102.1K | 1.54M | -6% | $0 |
| D | 2023-03-07 | 2023-03-06 | FIGS | Hasson Heather L. | Executive COB, Dir, 10% | J - Other | $0.00 | +102.1K | 778.4K | +15% | $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 | 2023-03-03 | S | D | 70,236 | $6.90 | 1,639,768 | D | — | — | (F1) THIS FORM 4 CONCERNS THE VESTING AND SETTLEMENT OF RESTRICTED STOCK UNITS ("RSUs"), WHICH SERVE TO INCREASE THE NUMBER OF SHARES OF THE OUTSTANDING CAPITAL STOCK OF THE ISSUER OWNED BY THE REPORTING PERSON, THE RELATED SALE OF CERTAIN SHARES REQUIRED TO SATISFY THE TAX OBLIGATIONS OWED IN CONNECTION WITH THE VESTING AND SETTLEMENT OF SUCH RSUs AND 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. |
| 2 | Common | Class A Common Stock | 2023-03-06 | J | D | 102,143 | $0.00 | 1,537,625 | D | — | — | (F4) All but 198,332 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. |
| 3 | Derivative | Class B Common Stock | 2023-03-06 | J | A | 102,143 | $0.00 | 778,447 | D | — · — to — | 102,143 Class A Common Stock | (F6) 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. |