Daniella Turenshine - 06 Jul 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: 06 Jul 2023
Net transactions value: -$31,423
Form type: 4
Filing time: 06 Jul 2023, 17:37:55 UTC
Previous filing: 15 Jun 2023
Next filing: 09 Aug 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	Sale	$31,423	-4,201	-0.95%	$7.48	436,000	06 Jul 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id	Content
F1	The reported sale occurred pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 3/16/2023.
F2	All but 104,682 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. In addition to the securities reported in this column, the Reporting Person beneficially owns 531,369 shares of the Issuer's Class A Common Stock underlying vested options.