Filing Details

Accession Number:
0000899243-21-036680
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-09-20 21:47:22
Reporting Period:
2021-09-16
Accepted Time:
2021-09-20 21:47:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1846576 Figs Inc. FIGS () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1843821 L. Heather Hasson C/O Figs, Inc.
2834 Colorado Avenue, Suite 100
Santa Monica CA 90404
Co-Chief Executive Officer Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2021-09-16 2,471,669 $0.85 4,276,066 No 4 M Direct
Class A Common Stock Disposition 2021-09-16 51,671 $40.66 4,224,395 No 4 F Direct
Class A Common Stock Disposition 2021-09-20 2,419,998 $40.25 1,804,397 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Stock Option (Right to Buy) Disposition 2021-09-16 2,471,669 $0.85 2,471,669 $0.85
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
948,331 2028-02-21 No 4 M Direct
Footnotes
  1. 1,804,397 of these securities are restricted stock units ("RSUs") each representing a contingent right to receive one share of the Issuer's Class A Common Stock. Upon vesting and settlement of the RSUs, the 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, as previously approved by the Issuer's board of directors.
  2. Represents shares that have been withheld by the Issuer upon the net exercise of options underlying 2,471,669 shares of the Issuer's Class A Common Stock and does not represent a sale by the Reporting Person.
  3. The Form 3 filed by the Reporting Person on May 27, 2021 erroneously indicated that these options carried an exercise price of $0.86. The correct exercise price is $0.85.
  4. All shares underlying this option have vested.