Form 4 for FIGS FIGS, Inc.
Accepted 2023-12-05 00:00:00 ET · period of report 2023-12-01 · accession 0001628280-23-040790 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-12-05 | 2023-12-01+ | FIGS | Hasson Heather L. | Executive COB, Dir, 10% | S - Sale | $7.40 | -453.8K | 698.9K | -39% | -$3.36M |
| D | 2023-12-05 | 2023-12-05 | FIGS | Hasson Heather L. | Executive COB, Dir, 10% | J - Other | $0.00 | -98.2K | 526.9K | -16% | $0 |
| D | 2023-12-05 | 2023-12-05 | FIGS | Hasson Heather L. | Executive COB, Dir, 10% | J - Other | $0.00 | +98.2K | 1.07M | +10% | $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 | 2023-12-04 | S | D | 73,802 | $7.39 | 625,082 | D | — | — | (F3) The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.3301 to $7.3909 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 2 | Common | Class A Common Stock | 2023-12-01 | S | D | 380,010 | $7.40 | 698,884 | D | — | — | (F1) The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.1600 to $7.505 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 3 | Common | Class A Common Stock | 2023-12-05 | J | D | 98,227 | $0.00 | 526,855 | D | — | — | (F5) All but 4,149 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. In addition to the securities reported in this column, the Reporting Person beneficially owns 2,814,480 shares of the Issuer's Class B Common Stock directly and indirectly through various trusts, which are convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and which are reflected in Table II of this Form 4, and 13,483,873 shares of the Issuer's Class A Common Stock underlying vested options. |
| 4 | Derivative | Class B Common Stock | 2023-12-05 | J | A | 98,227 | $0.00 | 1,072,846 | D | — · — to — | 98,227 Class A Common Stock | (F7) 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. |