Daniella Turenshine - 02 Mar 2023 Form 4 Insider Report for FIGS, Inc. (FIGS)

Signature
/s/ Danielle Warner as Attorney-in-Fact for Daniella Turenshine
Issuer symbol
FIGS
Transactions as of
02 Mar 2023
Net transactions value
-$94,632
Form type
4
Filing time
06 Mar 2023, 15:27:54 UTC
Previous filing
06 Dec 2022
Next filing
11 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIGS Class A Common Stock Sale $94,632 -14,209 -3.8% $6.66 359,321 02 Mar 2023 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 THIS FORM 4 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 SALE OF SHARES REQUIRED PURSUANT TO A 10B5-1 INSTRUCTION LETTER SOLELY TO SATISFY THE TAX OBLIGATIONS OWED IN CONNECTION WITH THE VESTING AND SETTLEMENT OF SUCH RSUs. SEE ADDITIONAL FOOTNOTES BELOW FOR MORE INFORMATION.
F2 REPRESENTS THE AGGREGATE NUMBER OF SHARES SOLD BY THE REPORTING PERSON SOLELY TO COVER REQUIRED TAXES AND FEES DUE UPON THE VESTING AND SETTLEMENT OF RSUs. THE SALES WERE MADE PURSUANT TO A 10B5-1 INSTRUCTION LETTER DELIVERED TO THE ISSUER ON NOVEMBER 11, 2021, AND NONE OF THE SHARES REPORTED ON THIS FORM 4 WERE SOLD FOR ANY REASON OTHER THAN TO COVER REQUIRED TAXES AND FEES.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.63 to $6.66 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.
F4 All but 94,032 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock.

Remarks:

The number of shares listed in column 5 of Table I does not include stock options held by the Reporting Person.