RSU tax withholding: FIGS (NYSE: FIGS) CEO uses 61,556 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIGS, Inc. Chief Executive Officer Catherine Eva Spear reported routine equity compensation activity involving Restricted Stock Units (RSUs) and related tax withholding. The filing states that no shares were sold; instead, 61,556 shares of Class A Common Stock were withheld by FIGS to cover tax obligations from RSU vesting at $10.05 per share.
After this tax-withholding disposition, Spear directly holds 1,733,408 Class A shares. Footnotes state she also holds 976,967 RSUs, 5,469,161 Class B shares directly and through trusts, and 19,776,378 Class A shares underlying vested options, showing a substantial remaining ownership position. Additional indirect holdings include 141 shares via Hollywood Capital Partners LLC and 797,073 shares through the Catherine Spear Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Spear Catherine Eva
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 61,556 | $10.05 | $619K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,733,408 shares (Direct, null);
Class A Common Stock — 797,073 shares (Indirect, Held by the Catherine Spear Revocable Trust)
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. 976,967 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, which are convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and 19,776,378 shares of the Issuer's Class A Common Stock underlying vested options. 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.
Key Figures
Tax-withheld shares: 61,556 shares
Tax withholding price: $10.05 per share
Direct Class A holdings: 1,733,408 shares
+5 more
8 metrics
Tax-withheld shares
61,556 shares
Class A shares withheld for RSU tax at $10.05 each
Tax withholding price
$10.05 per share
Value used for RSU-related share withholding
Direct Class A holdings
1,733,408 shares
Class A Common Stock held directly after transaction
RSUs outstanding
976,967 RSUs
Each RSU represents one Class A share
Class B holdings
5,469,161 shares
Class B Common Stock directly and via trusts
Vested options
19,776,378 shares
Class A shares underlying vested stock options
Trust-held Class A
797,073 shares
Held by the Catherine Spear Revocable Trust
Hollywood Capital holdings
141 shares
Class A shares held by Hollywood Capital Partners LLC
Key Terms
Restricted Stock Units, tax withholding obligations, Class B Common Stock, vested options, +1 more
5 terms
Restricted Stock Units financial
"It only concerns the vesting and settlement of Restricted Stock Units ("RSUs") and the related withholding"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs"
Class B Common Stock financial
"the Reporting Person beneficially owns 5,469,161 shares of the Issuer's Class B Common Stock directly and indirectly"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
vested options financial
"and 19,776,378 shares of the Issuer's Class A Common Stock underlying vested options"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein"
FAQ
What did FIGS (FIGS) CEO Catherine Spear report in this Form 4?
Catherine Spear reported RSU vesting and related tax withholding, not an open-market sale. FIGS withheld 61,556 Class A shares at $10.05 each to satisfy tax obligations arising from previously granted Restricted Stock Units.
What RSU and option positions does the FIGS (FIGS) CEO still have?
The filing notes 976,967 RSUs, each representing one Class A share, and 19,776,378 Class A shares underlying vested options. These positions show significant remaining equity exposure for Catherine Spear beyond the shares withheld for tax obligations.
What indirect FIGS (FIGS) holdings are reported for the CEO?
Indirect holdings include 141 Class A shares held by Hollywood Capital Partners LLC and 797,073 Class A shares held by the Catherine Spear Revocable Trust. The filing notes she is a managing member of Hollywood Capital Partners LLC and disclaims full beneficial ownership.