FIGS insider: CFO sells 22,745 at $7.3869; 845,345 held
Rhea-AI Filing Summary
FIGS, Inc. reported an insider transaction by its Chief Financial Officer. On 11/04/2025, the CFO sold 22,745 Class A shares at a $7.3869 weighted average price, executed under a Rule 10b5-1 instruction to cover taxes and fees from the vesting and settlement of RSUs. Following the sale, the officer beneficially owned 845,345 shares. Of these, 732,504 are RSUs, each representing a contingent right to receive one share of Class A common stock.
Positive
- None.
Negative
- None.
Insights
Administrative tax-cover sale under 10b5-1; neutral impact.
The filing shows the FIGS CFO sold 22,745 shares on 11/04/2025 at a weighted average of $7.3869 per share. The sale was made pursuant to a Rule 10b5-1 instruction and is explicitly tied to covering taxes and fees from the vesting and settlement of RSUs.
This indicates routine equity-compensation mechanics rather than discretionary selling. After the transaction, beneficial ownership is 845,345 shares, including 732,504 RSUs that each convert into one Class A share upon settlement.
Actual market impact depends on holder activity, but the disclosed sale size and its tax-cover purpose suggest limited signaling content based on the provided details.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 22,745 | $7.3869 | $168K |
Footnotes (1)
- THIS FORM 4 CONCERNS THE VESTING AND SETTLEMENT OF RESTRICTED STOCK UNITS ("RSUs"), WHICH SERVE TO INCREASE THE NUMBER OF SHARES OF THE OUTSTANDING CAPITAL STOCK OF THE ISSUER OWNED BY THE REPORTING PERSON, AND THE RELATED SALE OF CERTAIN SHARES REQUIRED PURSUANT TO A 10B5-1 INSTRUCTION LETTER TO SATISFY THE TAX OBLIGATIONS OWED IN CONNECTION WITH THE VESTING AND SETTLEMENT OF SUCH RSUs. SEE ADDITIONAL FOOTNOTES BELOW FOR MORE INFORMATION. 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 RSUs. THE SALES WERE MADE PURSUANT TO A 10B5-1 INSTRUCTION LETTER DELIVERED TO THE ISSUER ON AUGUST 13, 2024, AND NONE OF THE SHARES REPORTED ON THIS FORM 4 WERE SOLD FOR ANY REASON OTHER THAN TO COVER REQUIRED TAXES AND FEES. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.3866 to $7.4017 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. 732,504 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock.
FAQ
What insider transaction did FIGS (FIGS) disclose?
What is the CFO’s FIGS beneficial ownership after the sale?
Was the FIGS CFO’s sale made under a 10b5-1 plan?
What security class was involved in the FIGS insider sale?