Filing Details

Accession Number:
0001209191-21-065340
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-11-17 20:59:30
Reporting Period:
2021-11-15
Accepted Time:
2021-11-17 20:59:30
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 Disposition 2021-11-15 75,164 $34.29 1,729,233 No 4 S Direct
Class A Common Stock Disposition 2021-11-16 96,874 $0.00 1,632,359 No 4 J Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 J Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Acquisiton 2021-11-16 96,874 $0.00 96,874 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
701,397 No 4 J Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B Common Stock $0.00 942,453 942,453 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
942,453 942,453 Indirect
Footnotes
  1. Represents the aggregate number of shares sold by the Reporting Person to cover taxes and fees due upon the vesting and settlement of Restricted Stock Units ("RSUs"). The Reporting Person did not sell any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.
  2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.895 to $34.292 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. Upon vesting and settlement of RSUs for shares of the Issuer's Class A Common Stock, such shares were 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 (the "Equity Award Exchange Right Agreement").
  4. All but 4,140 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.
  5. 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.