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Filing Details

Accession Number:: 0000899243-21-036683
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-09-20 21:48:46
Reporting Period:: 2021-07-01

Accepted Time:: 2021-09-20 21:48:46
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
1820448	Eva Catherine Spear	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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2021-09-20	1,468,324	$0.00	1,468,324	No	4	C	Indirect	Held by the Catherine Spear Revocable Trust
Class A Common Stock	Disposition	2021-09-20	1,468,324	$40.25	0	No	4	S	Indirect	Held by the Catherine Spear Revocable Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	Held by the Catherine Spear Revocable Trust
No	4	S	Indirect	Held by the Catherine Spear Revocable Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2021-07-01	319,734	$0.00	319,734	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-07-01	319,734	$0.00	319,734	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-07-01	319,734	$0.00	319,734	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-07-01	319,734	$0.00	319,734	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-09-20	1,468,324	$0.00	1,468,324	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
983,016	No	5	G	Indirect
2,619,810	No	5	G	Indirect
983,016	No	5	G	Indirect
2,939,544	No	5	G	Indirect
1,471,220	No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	1,804,397	Direct

Footnotes

On September 20, 2021, the Reporting Person directed the sale of 1,468,324 shares of her Class B Common Stock, resulting in the automatic conversion of such shares of Class B Common Stock at a 1:1 ratio into shares of the Issuer's Class A Common Stock upon execution of the sale and pursuant to the terms of the Issuer's Amended and Restated Certificate of Incorporation.
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.
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.
On July 1, 2021, the Reporting Person transferred 319,734 shares of Class B Common Stock of the Issuer from the Wingaersheek Irrevocable Trust I u/a/d 10/15/2020 to the Catherine Spear Revocable Trust, of each of which the Reporting Person is trustee. The Reporting Person has voting and investment control over these shares.
On July 1, 2021, the Reporting Person transferred 319,734 shares of Class B Common Stock of the Issuer from the Wingaersheek Irrevocable Trust II u/a/d 10/15/2020 to the Catherine Spear Revocable Trust, of each of which the Reporting Person is trustee. The Reporting Person has voting and investment control over these shares.