Heather Hasson - May 27, 2021 Form 3 Insider Report for FIGS, Inc. (FIGS)

Role
Co-Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Danielle Warner as Attorney-in-Fact for Heather Hasson
Stock symbol
FIGS
Transactions as of
May 27, 2021
Transactions value $
$0
Form type
3
Date filed
5/27/2021, 07:16 PM
Next filing
Jun 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FIGS Class A Common Stock 942K May 27, 2021 Held by The Maple Tree Irrevocable Trust u/a/d 10/16/2020 F1
holding FIGS Class A Common Stock 2.36M May 27, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding FIGS Stock Option (Right to Buy) May 27, 2021 Class A Common Stock 727K $22.00 Direct F3, F4
holding FIGS Stock Option (Right to Buy) May 27, 2021 Class A Common Stock 10.2M $5.10 Direct F4, F5
holding FIGS Stock Option (Right to Buy) May 27, 2021 Class A Common Stock 900K $1.37 Direct F4, F6
holding FIGS Stock Option (Right to Buy) May 27, 2021 Class A Common Stock 3.42M $0.86 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Immediately prior to the completion of the Issuer's initial public offering of Class A Common stock, the shares of the Issuer's Class A Common Stock held by the Reporting Person will be exchanged at a 1:1 ratio for shares of the Issuer's Class B Common Stock.
F2 These restricted stock units vest in equal quarterly installments over the four-year period following December 31, 2019.
F3 The option vests and becomes exercisable in 48 equal monthly installments with the first installment vesting on June 26, 2021. The vesting terms of the option will accelerate subject to and effective upon the closing of the Issuer's initial public offering, at which time the option will become fully vested and exercisable
F4 Upon exercise of the option, 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 holder.
F5 The option vests and becomes exercisable in 60 equal monthly installments with the first installment vesting on October 16, 2020. The vesting terms of the option will accelerate subject to and effective upon the closing of the Issuer's initial public offering, at which time the option will become fully vested and exercisable
F6 The option vests and becomes exercisable in 48 equal monthly installments with the first installment vesting on June 14, 2018. The vesting terms of the option will accelerate subject to and effective upon the closing of the Issuer's initial public offering, at which time the option will become fully vested and exercisable
F7 The option vests and becomes exercisable in 48 equal monthly installments with the first installment vesting on November 20, 2017. The vesting terms of the option will accelerate subject to and effective upon the closing of the Issuer's initial public offering, at which time the option will become fully vested and exercisable

Remarks:

Exhibit 24 - Power of Attorney