Daniella Turenshine - 09 May 2023 Form 4 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
09 May 2023
Net transactions value
$0
Form type
4
Filing time
11 May 2023, 16:57:34 UTC
Previous filing
06 Mar 2023
Next filing
06 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIGS Class A Common Stock Award $0 +109,012 +30% $0.000000 468,333 09 May 2023 Direct F1, F2

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 +208,334 $0.000000 208,334 09 May 2023 Class A Common Stock 208,334 $7.91 Direct F3
* 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 94,032 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 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 9 of Table II does not include additional stock options held by the Reporting Person.