FIGS (FIGS) CFO reports 10,515-share sale tied to RSU vesting
Rhea-AI Filing Summary
FIGS, Inc. reported that its Chief Financial Officer, Sarah Oughtred, sold shares of Class A common stock in connection with the vesting of restricted stock units (RSUs). On January 7, 2026, she sold 10,515 shares at a weighted average price of $11.5004 per share, with individual sale prices ranging from $11.50 to $11.55. The filing explains that these shares were sold solely to cover taxes and fees owed upon RSU vesting under a pre-established Rule 10b5-1 instruction letter delivered on August 13, 2024. After these transactions, she beneficially owns 834,830 shares of FIGS Class A common stock, including 712,437 RSUs, each RSU representing a contingent right to receive one share.
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FAQ
What insider transaction did FIGS (FIGS) disclose for January 7, 2026?
FIGS disclosed that Chief Financial Officer Sarah Oughtred sold 10,515 shares of Class A common stock on January 7, 2026 at a weighted average price of $11.5004 per share.
Why did FIGS CFO Sarah Oughtred sell 10,515 FIGS shares?
The filing states the 10,515 shares were sold solely to cover required taxes and fees related to the vesting and settlement of RSUs, pursuant to a pre-set Rule 10b5-1 instruction letter.
What price range were the FIGS shares sold for in this insider sale?
The reported weighted average sale price was $11.5004 per share, with individual transactions occurring at prices ranging from $11.50 to $11.55 per share.
How many FIGS shares does the CFO beneficially own after this transaction?
After the reported sale, the CFO beneficially owns 834,830 shares of FIGS Class A common stock, which includes 712,437 RSUs that each represent a contingent right to receive one share.
What role do RSUs play in this FIGS insider transaction?
The Form 4 explains that the event concerns the vesting and settlement of RSUs, which increased the CFO’s ownership, and that the related share sale was made only to cover tax obligations from that vesting.
Was the FIGS CFO’s share sale under a Rule 10b5-1 trading plan?
Yes. The filing notes the sales were made under a Rule 10b5-1 instruction letter delivered to FIGS on August 13, 2024, intended to satisfy tax and fee obligations from RSU vesting.