FIGS CEO Catherine Eva Spear sells 4.04M shares
The reported sequence includes withholding for exercise prices and taxes, followed by a block sale of 4,044,284 Class A shares.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
FIGS, Inc. Chief Executive Officer Catherine Eva Spear exercised vested options for 7,695,000 Class A shares at $0.85 per share and 900,000 at $1.37 per share on November 9, 2026. The options were due to expire February 21, 2028 and June 26, 2028, respectively.
The issuer withheld 4,550,716 shares to pay the exercise prices and required tax withholdings; Spear sold 4,044,284 net shares in a block sale at $19.70 per share. She is also reported as beneficially owning 5,469,161 Class B shares directly and indirectly through trusts, each convertible at her option into one Class A share, and 11,389,366 Class A shares underlying vested options.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Spear Catherine Eva
Role
Chief Executive Officer
Sold
4,044,284 shs ($79.67M)
Approx. gross sale proceeds
$79.67M
Approx. exercise cost
$7.77M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F5 | 7,695,000 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F5 | 900,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 7,695,000 | $0.85 | $6.54M |
| Exercise | Class A Common Stock | 900,000 | $1.37 | $1.23M |
| Tax Withholding | Class A Common Stock F2 | 4,550,716 | $21.58 | $98.20M |
| Sale | Class A Common Stock F3 | 4,044,284 | $19.70 | $79.67M |
| Holding | Class A Common Stock | -- | -- | -- |
| Holding | Class A Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 options (Direct);
Class A Common Stock — 1,671,854 shares (Direct);
Class A Common Stock — 797,073 shares (Indirect, Held by the Catherine Spear Revocable Trust);
Class A Common Stock — 141 shares (Indirect, Held by Hollywood Capital Partners LLC)
Footnotes (5)
- F1. This Form 4 concerns (i) the exercise of options to purchase shares of the Issuer's Class A Common Stock that were due to expire in February 2028 and June 2028, respectively, (ii) the related withholding of shares by the Issuer upon the net exercise of such options to pay the exercise prices and required tax withholdings and (iii) the sale of the net shares in a block sale. Prior to such sale, the Reporting Person had not sold any shares of the Issuer's common stock (excluding sales solely to cover required taxes and fees due upon the vesting and settlement of Restricted Stock Units ("RSUs")) since September 2021.
- F2. Represents shares that have been withheld by the Issuer upon the net exercise of stock options and used to pay the exercise prices and required tax withholdings. Does not represent a sale by the Reporting Person.
- F3. 855,987 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 5,469,161 shares of the Issuer's Class B Common Stock directly and indirectly through various trusts, each of which is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and 11,389,366 shares of the Issuer's Class A Common Stock underlying vested options.
- F4. 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.
- F5. All shares underlying this option have vested.
Key Figures
Options exercised at $0.85: 7,695,000 options at $0.85 per share
Options exercised at $1.37: 900,000 options at $1.37 per share
Shares withheld: 4,550,716 shares
+4 more
7 metrics
Options exercised at $0.85
7,695,000 options at $0.85 per share
November 9, 2026
Options exercised at $1.37
900,000 options at $1.37 per share
November 9, 2026
Shares withheld
4,550,716 shares
Withheld to pay option exercise prices and required tax withholdings
Shares sold
4,044,284 shares
Block sale on November 9, 2026
Sale price
$19.70 per share
Block sale on November 9, 2026
Class B shares beneficially owned
5,469,161 shares
Held directly and indirectly through trusts; each convertible at her option into one Class A share
Class A shares underlying vested options
11,389,366 shares
Beneficial ownership information
Key Terms
net exercise, block sale, Restricted Stock Units (RSUs), pecuniary interest
4 terms
net exercise financial
"upon the net exercise of such options"
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
block sale financial
"the sale of the net shares in a block sale"
A block sale is a single large transaction in which a big shareholder or investor sells a substantial number of a company's shares at once, often arranged privately to avoid pushing the market price up or down. It matters to investors because such a concentrated sale can change who controls or influences a company, temporarily affect the stock’s price and liquidity, and may signal how large holders view the company’s outlook — like one person unloading a truckload of goods can move the local market.
Restricted Stock Units (RSUs) financial
"each representing a contingent right to receive one share"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
pecuniary interest financial
"except to the extent of her pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many FIGS options did Catherine Eva Spear exercise?
Catherine Eva Spear exercised options for 7,695,000 Class A shares at $0.85 per share and 900,000 at $1.37 per share on November 9, 2026. The options were due to expire February 21, 2028 and June 26, 2028, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
