Key facts
- This page summarizes Tulco, LLC's Form 4 filing for FIGS, Inc. (FIGS).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 23 Mar 2022, 16:16.
Tulco, LLC - 21 Mar 2022 Form 4 Insider Report for FIGS, Inc. (FIGS)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- FIGS
- Reported as of
- 21 Mar 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 23 Mar 2022, 16:16:40 UTC
- Prior SEC filing
- 20 Sep 2021
- Source filing
- View source filing
- Reporting owner signature
- TULCO, LLC, By: /s/ Thomas J. Tull, CEO
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Tulco, LLC filed Form 4 for FIGS, Inc. (FIGS) on 23 Mar 2022.
Change
- Previous filing in this sequence was filed on 20 Sep 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FIGS
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +6,300,000
- Change %
- +12%
- Price
- $0.000000
- Shares after
- 58,000,932
- Date
- 21 Mar 2022
- Ownership
- Direct
FIGS
transaction
Class A Common Stock
Other
- Transaction value
- $0
- Shares
- -58,000,932
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 21 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FIGS
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -6,300,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 21 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 6,300,000
- Exercise price
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Tulco, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
On March 21, 2022, Tulco, LLC distributed to its members in-kind, without consideration, all 58,000,932 shares of the Issuer's Class A Common Stock it held on a pro-rata basis. Of the shares distributed, 27,426,398 were distributed to Thomas J. Tull and certain entities affiliated with him. The above distribution did not involve any sale of shares by the reporting person.
Footnote F2
Each share of Class B Common Stock is convertible at any time at the option of Tulco, LLC into one share of Class A Common Stock. In addition, each share of Class B common stock will automatically convert into one share of Class A Common Stock upon transfer or certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. All shares of Class B Common Stock, if not previously converted, will automatically convert into Class A Common Stock on June 1, 2031.