FIGS (FIGS) CFO logs RSU vesting and tax withholding without selling shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIGS, Inc. Chief Financial Officer Sarah Oughtred reported a routine equity compensation event involving vested restricted stock units (RSUs). The company withheld 22,197 shares of Class A Common Stock at $10.05 per share to cover tax obligations tied to RSU vesting, and no shares were sold in the market. After this tax-withholding disposition, she directly holds 1,110,127 shares, including 911,539 RSUs and 2,533 shares acquired under FIGS’ 2021 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Oughtred Sarah
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 22,197 | $10.05 | $223K |
Holdings After Transaction:
Class A Common Stock — 1,110,127 shares (Direct, null)
Footnotes (1)
- THIS FORM 4 DOES NOT CONCERN THE SALE OF ANY SHARES. IT ONLY CONCERNS THE VESTING AND SETTLEMENT OF RESTRICTED STOCK UNITS ("RSUs") AND THE RELATED WITHHOLDING OF SHARES TO SATISFY THE TAX OBLIGATION OWED IN CONNECTION THEREWITH. SEE ADDITIONAL FOOTNOTES BELOW FOR MORE INFORMATION. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs previously granted to the Reporting Person. 911,539 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. Includes 2,533 shares acquired on May 29, 2026 under the Issuer's 2021 Employee Stock Purchase Plan.
Key Figures
Shares withheld for taxes: 22,197 shares
Withholding price: $10.05 per share
Shares held after transaction: 1,110,127 shares
+2 more
5 metrics
Shares withheld for taxes
22,197 shares
Tax withholding on RSU vesting at $10.05 per share
Withholding price
$10.05 per share
Value used for RSU-related tax withholding
Shares held after transaction
1,110,127 shares
Direct holdings following tax-withholding disposition
RSUs outstanding
911,539 RSUs
Contingent rights to receive Class A shares
ESPP shares
2,533 shares
Acquired on May 29, 2026 under 2021 ESPP
Key Terms
Restricted Stock Units ("RSUs"), tax withholding obligations, Employee Stock Purchase Plan, Class A Common Stock
4 terms
Restricted Stock Units ("RSUs") financial
"It only concerns the vesting and settlement of restricted stock units ("RSUs") and the related withholding of shares"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligations financial
"Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs"
Employee Stock Purchase Plan financial
"Includes 2,533 shares acquired on May 29, 2026 under the Issuer's 2021 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Class A Common Stock financial
"each representing a contingent right to receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did FIGS (FIGS) CFO Sarah Oughtred report in this Form 4?
FIGS CFO Sarah Oughtred reported a tax-withholding disposition related to RSU vesting. The company withheld shares to cover taxes, and no open-market sale occurred. This filing reflects routine equity compensation mechanics rather than a discretionary stock transaction.
What are RSUs in the context of FIGS (FIGS) equity compensation?
RSUs, or restricted stock units, are promises to deliver shares if vesting conditions are met. Here, each RSU represents one FIGS Class A share, and the company withheld some shares at vesting to cover the associated tax obligations for the CFO.
What role does the FIGS (FIGS) 2021 Employee Stock Purchase Plan play here?
The filing notes the CFO’s holdings include 2,533 shares acquired under FIGS’ 2021 Employee Stock Purchase Plan. ESPPs typically allow employees to purchase company stock, often at a discount, as part of broader equity-based compensation programs.