- 20 Feb 2025 Form 4 Insider Report for FIGS, Inc. (FIGS)

Role: 10%+ Owner
Signature: /s/ Ronald Baron
Issuer symbol: FIGS
Transactions as of: 20 Feb 2025
Net transactions value: +$54,961,412
Form type: 4
Filing time: 21 Feb 2025, 08:47:36 UTC
Previous filing: 23 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FIGS	Class A Common Stock	Conversion of derivative security	$54,961,412	+8,793,826	+46%	$6.25	27,833,825	20 Feb 2025	Direct	F1

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
transaction	FIGS	Option	Conversion of derivative security	$0	-8,793,826	-100%	$0.000000	0	20 Feb 2025	Class A Common Stock	8,793,826	$6.25	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Persons disclaim beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F2	Reflects an option to purchase 8,793,826 shares of Class A Common Stock of the Issuer during the period from and after the first business day following the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (such date, the "HSR Satisfaction Date") and ending on May 7, 2025, at an exercise price of $6.25 per share.

Remarks:

BAMCO, Inc. is a subsidiary of Baron Capital Group, Inc. Ronald Baron is the Chairman and CEO of each of BAMCO, Baron Capital Group, Inc. and Baron Capital Management, Inc.