Catherine Spear - May 9, 2023 Form 4 Insider Report for FIGS, Inc. (FIGS)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Danielle Warner as Attorney-in-Fact for Catherine Spear
Stock symbol
FIGS
Transactions as of
May 9, 2023
Transactions value $
$0
Form type
4
Date filed
5/11/2023, 04:56 PM
Previous filing
Mar 8, 2023
Next filing
Jun 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIGS Class A Common Stock Award $0 +436K +71.88% $0.00 1.04M May 9, 2023 Direct F1, F2
holding FIGS Class A Common Stock 797K May 9, 2023 Held by the Catherine Spear Revocable Trust
holding FIGS Class A Common Stock 141 May 9, 2023 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 +833K $0.00 833K May 9, 2023 Class A Common Stock 833K $7.91 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 1/16th of the shares of Class A Common Stock underlying the RSUs on September 1, 2023 and as to 1/16th of the shares of Class A Common Stock underlying the RSUs on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through the applicable vesting date.
F2 All but 35,510 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 48 equal monthly installments, with the first installment vesting on June 9, 2023.

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 A Common Stock and Class B Common Stock held by the Reporting Person.