Catherine Eva Spear - 12 Aug 2025 Form 4 Insider Report for FIGS, Inc. (FIGS)

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: FIGS
Reported as of: 12 Aug 2025
Net transaction value: -$453,158
SEC form: 4
Accepted by SEC: 14 Aug 2025, 16:39:54 UTC
Prior SEC filing: 06 Mar 2025
Next SEC filing: 06 Oct 2025
Source filing: View source filing
Reporting owner signature: /s/ Danielle Warner as Attorney-in-Fact for Catherine Spear

Key filing fact

Catherine Eva Spear filed Form 4 for FIGS, Inc. (FIGS) on 14 Aug 2025.

Key facts

This page summarizes Catherine Eva Spear's Form 4 filing for FIGS, Inc. (FIGS).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 14 Aug 2025, 16:39.

Change

Previous filing in this sequence was filed on 06 Mar 2025.
Current net transaction value: -$453,158.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001820448 Primary reporting owner

Spear Catherine Eva

Relationship: Chief Executive Officer, Director, 10%+ Owner
Address: C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA
Signature: /s/ Danielle Warner as Attorney-in-Fact for Catherine Spear
Signature date: 14 Aug 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FIGS transaction

Class A Common Stock

Sale

Transaction value: $453,158
Shares: -65,866
Change %: -3.2%
Price: $6.88
Shares after: 1,969,246
Date: 13 Aug 2025
Ownership: Direct
Footnotes: F1, F2

FIGS holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 797,073
Date: 12 Aug 2025
Ownership: Held by the Catherine Spear Revocable Trust

FIGS holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 141
Date: 12 Aug 2025
Ownership: Held by Hollywood Capital Partners LLC
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FIGS transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -727,097
Change %: -100%
Price
Shares after: 0
Date: 12 Aug 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 727,097
Exercise price: $22.00
Footnotes: F4, F5

FIGS transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares: +727,097
Change %
Price
Shares after: 727,097
Date: 12 Aug 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 727,097
Exercise price: $6.63
Footnotes: F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 6 footnotes

Footnote F1

REPRESENTS THE AGGREGATE NUMBER OF SHARES SOLD BY THE REPORTING PERSON SOLELY TO COVER REQUIRED TAXES AND FEES DUE UPON THE VESTING AND SETTLEMENT OF RESTRICTED STOCK UNITS ("RSUs"). THE SALES WERE MADE PURSUANT TO A 10B5-1 INSTRUCTION LETTER DELIVERED TO THE ISSUER ON MAY 13, 2025, AND NONE OF THE SHARES REPORTED AS SOLD ON THIS FORM 4 WERE SOLD FOR ANY REASON OTHER THAN TO COVER REQUIRED TAXES AND FEES.

Footnote F2

1,460,886 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 holds 5,469,161 shares of the Issuer's Class B Common Stock directly and indirectly through various trusts, which are convertible at any time at the option of the Reporting Person into an equal number of shares of Class A Common Stock, and 18,958,606 shares of the Issuer's Class A Common Stock underlying vested options, neither of which are reported on this Form 4.

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.

Footnote F4

All shares underlying this option have vested.

Footnote F5

The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") effective on August 12, 2025 (the "Repricing Date"). The Option Repricing applies to 727,097 fully vested options originally granted to the Reporting Person on May 26, 2021 with an original exercise price of $22.00. Pursuant to the Option Repricing, the exercise price of the repriced options has been amended to reduce the exercise price to $6.63 per share, the closing price of the Issuer's Class A Common Stock on the Repricing Date. The vesting schedule of the repriced options has also been extended as reported herein. There is no change to the expiration date of, or number of shares underlying, the repriced options. For more information, see Part II, Item 5. "Other Information" in the Issuer's Form 10-Q filed with the SEC on August 7, 2025.

Footnote F6

The option vests and becomes exercisable in 24 equal monthly installments, with the first installment vesting on September 12, 2025.