| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FIGS | Class A Common Stock | Options Exercise | $23.8K | +28K | +2.1% | $0.85* | 1.36M | Jun 26, 2023 | Direct | F1 |
| transaction | FIGS | Class A Common Stock | Sale | -$225K | -28K | -2.06% | $8.05 | 1.33M | Jun 26, 2023 | Direct | F2 |
| holding | FIGS | Class A Common Stock | 8.34K | Jun 26, 2023 | Held by the Heather Hasson Revocable Trust | ||||||
| holding | FIGS | Class A Common Stock | 141 | Jun 26, 2023 | Held by Hollywood Capital Partners LLC | F3 |
| 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) | Options Exercise | $0 | -28K | -5.87% | $0.00 | 448K | Jun 26, 2023 | Class A Common Stock | 28K | $0.85 | Direct | F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | All but 264,045 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 the Equity Award Exchange Right Agreement. In addition to the securities reported in this column, the Reporting Person beneficially owns 2,617,943 shares of the Issuer's Class B Common Stock, which are convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and 12,950,614 shares underlying vested options. |
| F2 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.135 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. |
| 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 | All shares underlying this option have vested. |
This Form 4 relates to sales effected pursuant to Ms. Hasson's 10b5-1 plan previously disclosed on her Schedule 13D/A filed on 3/21/2023.