Daniella Turenshine - 24 Dec 2021 Form 3 Insider Report for FIGS, Inc. (FIGS)

Role
Chief Financial Officer
Signature
/s/ Danielle Warner as Attorney-in-Fact for Daniella Turenshine
Issuer symbol
FIGS
Transactions as of
24 Dec 2021
Net transactions value
$0
Form type
3
Filing time
28 Dec 2021, 17:15:48 UTC
Next filing
04 Mar 2022
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 39,513 24 Dec 2021 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
holding FIGS Stock Option (Right to Buy) 24 Dec 2021 Class A Common Stock 50,897 $22.00 Direct F2
holding FIGS Stock Option (Right to Buy) 24 Dec 2021 Class A Common Stock 129,375 $6.02 Direct F3
holding FIGS Stock Option (Right to Buy) 24 Dec 2021 Class A Common Stock 38,439 $0.8122 Direct F4
holding FIGS Stock Option (Right to Buy) 24 Dec 2021 Class A Common Stock 58,131 $0.4589 Direct F5
holding FIGS Stock Option (Right to Buy) 24 Dec 2021 Class A Common Stock 37,503 $0.4556 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 6,961 of these securities are Restricted Stock Units ("RSUs"), each representing a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest in equal quarterly installments over the four-year period following June 1, 2021.
F2 The original (full) option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on July 1, 2021. 6,362 shares underlying the option have vested.
F3 The original (full) option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on January 31, 2021. 30,933 shares underlying the option have vested.
F4 The original (full) option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on September 26, 2020. 14,056 shares underlying the option have vested.
F5 The original (full) option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on October 31, 2019. 48,750 shares underlying the option have vested.
F6 The original (full) option vests and becomes exercisable as to 25% of the shares on November 12, 2019, and in 36 equal monthly installments thereafter. 69,375 shares underlying the option have vested.

Remarks:

Table II only lists options held by the Reporting Person that have not yet been exercised. Shares of the Issuer's Class A Common Stock acquired from the exercise of options held by the Reporting Person are reflected in Table I. Exhibit 24 - Power of Attorney