Form 4 for FIGS FIGS, Inc.

Accepted 2023-05-11 00:00:00 ET · period of report 2023-05-09 · accession 0001628280-23-017628 · 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	2023-05-11	2023-05-09	FIGS	Spear Catherine Eva	CEO, Dir, 10%	A - Grant	$0.00	+436.0K	1.04M	+72%	$0
D	2023-05-11	2023-05-09	FIGS	Spear Catherine Eva	CEO, Dir, 10%	A - Grant	$0.00	+833.3K	833.3K	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	2023-05-09	A	A	436,047	$0.00	1,042,708	D	—	—	(F1) These Restricted Stock Units ("RSUs") vest as to 1/16th of the shares of Class A Common Stock underlying the RSUs on September 1, 2023 and as to 1/16th of the shares of Class A Common Stock underlying the RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date. (F2) All but 35,510 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)	2023-05-09	A	A	833,334	$0.00	833,334	D	$7.91 · — to 2033-05-09	833,334 Class A Common Stock	(F4) The option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on June 9, 2023.