Heather Hasson - Nov 15, 2021 Form 4 Insider Report for FIGS, Inc. (FIGS)

Role: Co-Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Danielle Warner, Attorney-in-Fact for Heather L. Hasson
Stock symbol: FIGS
Transactions as of: Nov 15, 2021
Transactions value $: -$2,577,298
Form type: 4
Date filed: 11/17/2021, 07:59 PM
Previous filing: Sep 20, 2021
Next filing: Dec 1, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FIGS	Class A Common Stock	Sale	-$2.58M	-75.2K	-4.17%	$34.29^*	1.73M	Nov 15, 2021	Direct	F1, F2
transaction	FIGS	Class A Common Stock	Other	$0	-96.9K	-5.6%	$0.00	1.63M	Nov 16, 2021	Direct	F3, F4

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	Class B Common Stock	Other	$0	+96.9K	+16.02%	$0.00	701K	Nov 16, 2021	Class A Common Stock	96.9K		Direct	F3, F5
holding	FIGS	Class B Common Stock						942K	Nov 15, 2021	Class A Common Stock	942K		Held by The Maple Tree Irrevocable Trust u/a/d 10/16/2020	F5

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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").
F4	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.
F5	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.