Heather L. Hasson - 04 Feb 2023 Form 4 Insider Report for FIGS, Inc. (FIGS)

Signature
/s/ Danielle Warner, Attorney-in-Fact for Heather L. Hasson
Issuer symbol
FIGS
Transactions as of
04 Feb 2023
Net transactions value
-$245,368
Form type
4
Filing time
07 Feb 2023, 16:07:28 UTC
Previous filing
06 Dec 2022
Next filing
07 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIGS Class A Common Stock Tax liability $245,368 -25,910 -1.5% $9.47 1,710,004 04 Feb 2023 Direct F1, F2, F3
holding FIGS Class A Common Stock 8,338 04 Feb 2023 Held by the Heather Hasson Revocable Trust
holding FIGS Class A Common Stock 141 04 Feb 2023 Held by Hollywood Capital Partners LLC F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 THIS FORM 4 DOES NOT CONCERN THE SALE OF ANY SHARES. IT ONLY CONCERNS THE VESTING AND SETTLEMENT OF RESTRICTED STOCK UNITS ("RSUs"), WHICH SERVE TO INCREASE THE NUMBER OF SHARES OF THE OUTSTANDING CAPITAL STOCK OF THE ISSUER OWNED BY THE REPORTING PERSON, AND THE RELATED WITHOLDING OF RSUs TO SATISFY THE TAX OBLIGATION OWED IN CONNECTION WITH THE VESTING AND SETTLEMENT OF SUCH RSUs. SEE ADDITIONAL FOOTNOTES BELOW FOR MORE INFORMATION.
F2 Represents RSUs withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs previously granted to the Reporting Person.
F3 All but 194,533 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.
F4 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.

Remarks:

The number of shares listed in column 5 of Table I does not include stock options nor Class B Common Stock held by the Reporting Person.