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[Form 4] FIGS, Inc. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4
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.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Oughtred Sarah

(Last) (First) (Middle)
C/O FIGS, INC. 2834 COLORADO AVENUE
SUITE 100

(Street)
SANTA MONICA CA 90404

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIGS, Inc. [ FIGS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 11/04/2025(1) S(2) 22,745 D $7.3869(3) 845,345(4) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
2. 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.
3. 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.
4. 732,504 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock.
Remarks:
/s/ Danielle Warner as Attorney-in-Fact for Sarah Oughtred 11/06/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did FIGS (FIGS) disclose?

The CFO reported selling 22,745 Class A shares on 11/04/2025 to cover taxes tied to RSU vesting.

At what price were the FIGS shares sold by the CFO?

The sale used a $7.3869 weighted average price, with trades ranging from $7.3866 to $7.4017 per share.

Why were the FIGS shares sold by the CFO?

They were sold solely to cover required taxes and fees upon RSU vesting and settlement, under a Rule 10b5-1 instruction.

What is the CFO’s FIGS beneficial ownership after the sale?

Beneficial ownership is 845,345 shares, including 732,504 RSUs that each represent a right to one Class A share.

Was the FIGS CFO’s sale made under a 10b5-1 plan?

Yes. It was executed pursuant to a Rule 10b5-1 instruction delivered on August 13, 2024.

What security class was involved in the FIGS insider sale?

The transaction involved Class A Common Stock of FIGS, Inc.
Figs Inc

NYSE:FIGS

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FIGS Stock Data

1.23B
147.09M
5.14%
94.03%
5.59%
Apparel Manufacturing
Apparel & Other Finishd Prods of Fabrics & Similar Matl
Link
United States
SANTA MONICA