Tulco, LLC - 27 May 2021 Form 3 Insider Report for FIGS, Inc. (FIGS)

Role
10%+ Owner
Signature
TULCO, LLC, By: /s/ Thomas J. Tull, CEO
Issuer symbol
FIGS
Transactions as of
27 May 2021
Net transactions value
$0
Form type
3
Filing time
27 May 2021, 19:22:28 UTC
Next filing
02 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FIGS Class A Common Stock 90,075,555 27 May 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an exchange agreement between the Issuer and Reporting Person, certain 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 immediately prior to the completion of the Issuer's initial public offering of Class A Common stock.
F2 Thomas J. Tull, founder, Chairman and Chief Executive Officer of Tulco, LLC and a member of its board of directors, may control Tulco, LLC. Mr. Tull may be deemed to have or share beneficial ownership of the Class A and Class B common stock held directly by Tulco, LLC. Mr. Tull disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.