Heather Hasson - Aug 9, 2022 Form 4 Insider Report for FIGS, Inc. (FIGS)

Role
Executive Chair, Director, 10%+ Owner
Signature
/s/ Danielle Warner, Attorney-in-Fact for Heather L. Hasson
Stock symbol
FIGS
Transactions as of
Aug 9, 2022
Transactions value $
$0
Form type
4
Date filed
8/11/2022, 05:54 PM
Previous filing
Jun 6, 2022
Next filing
Sep 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIGS Class A Common Stock Award $0 +960K +86.2% $0.00 2.07M Aug 9, 2022 Direct F1, F2
holding FIGS Class A Common Stock 8.34K Aug 9, 2022 Held by the Heather Hasson Revocable Trust
holding FIGS Class A Common Stock 141 Aug 9, 2022 Held by Hollywood Capital Partners LLC F3

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 Stock Option (Right to Buy) Award $0 +2.86M $0.00 2.86M Aug 9, 2022 Class A Common Stock 2.86M $11.79 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Restricted Stock Units ("RSUs") vest as to the shares of Class A Common Stock underlying the RSUs in 10 substantially equal quarterly installments, with the first installment vesting on November 4, 2022, provided that the final installment will vest on December 31, 2024, all subject to the Reporting Person's continued service through the applicable vesting date.
F2 All but 14,204 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 an equity award exchange right agreement between the Issuer and the Reporting Person.
F3 The Reporting Person is a managing member of Hollywood Capital Partners LLC and disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
F4 The option vests and becomes exercisable in 29 substantially equal monthly installments, with the first installment vesting on September 4, 2022, provided that the final installment will vest on December 31, 2024, all subject to the Reporting Person's continued service through the applicable vesting date.

Remarks:

The number of securities listed in column 5 of Table I and column 9 of Table II do not include additional stock options nor shares of the Issuer's Class B Common Stock held by the Reporting Person.