Equity grant lifts FIGS (NYSE: FIGS) director Melanie Whelan’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WHELAN MELANIE ANYA reported acquisition or exercise transactions in this Form 4 filing.
FIGS, Inc. director Melanie Anya Whelan received an equity award of 15,456 restricted stock units (RSUs), each representing one share of Class A common stock. The award is her automatic annual grant under the company’s Non-Employee Director Compensation Program.
The RSUs vest in full on the earlier of the one-year anniversary of June 3, 2026, or the next FIGS annual stockholder meeting after that date, as long as she continues serving as a director. Following this grant, Whelan directly holds 55,683 shares of FIGS Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WHELAN MELANIE ANYA
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 15,456 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 55,683 shares (Direct, null)
Footnotes (1)
- These restricted stock units ("RSUs") represent the Reporting Person's annual equity grant pursuant to the Issuer's Non-Employee Director Compensation Program and were granted automatically on the date of the Issuer's 2026 annual meeting of stockholders. The RSUs vest in full on the earlier to occur of (i) the one-year anniversary of June 3, 2026 and (ii) the date of the Issuer's next annual meeting of stockholders following June 3, 2026, subject to the Reporting Person's continued service through the applicable vesting date. 15,456 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock.
Key Figures
RSU grant size: 15,456 RSUs
Grant price: $0.00 per share
Post-grant holdings: 55,683 shares
+2 more
5 metrics
RSU grant size
15,456 RSUs
Annual non-employee director equity grant
Grant price
$0.00 per share
RSUs granted at no cash cost
Post-grant holdings
55,683 shares
Total Class A common stock held directly after award
Grant/award code
Transaction code A
Classified as grant, award, or other acquisition
Grant date
June 3, 2026
Date of annual meeting and RSU grant
Key Terms
restricted stock units ("RSUs"), Non-Employee Director Compensation Program, annual equity grant, vest in full, +1 more
5 terms
restricted stock units ("RSUs") financial
"These restricted stock units ("RSUs") represent the Reporting Person's annual equity grant..."
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.
Non-Employee Director Compensation Program financial
"pursuant to the Issuer's Non-Employee Director Compensation Program and were granted automatically..."
annual equity grant financial
"represent the Reporting Person's annual equity grant pursuant to the Issuer's Non-Employee Director Compensation Program..."
vest in full financial
"The RSUs vest in full on the earlier to occur of (i) the one-year anniversary..."
contingent right financial
"each representing a contingent right to receive one share of the Issuer's Class A Common Stock."
FAQ
What did FIGS (FIGS) director Melanie Whelan report in this Form 4?
Melanie Whelan reported receiving 15,456 restricted stock units as an annual equity award. Each RSU represents one FIGS Class A share, granted at no cash cost as part of the Non-Employee Director Compensation Program.
When do Melanie Whelan’s new FIGS (FIGS) RSUs vest?
The RSUs vest in full on the earlier of the one-year anniversary of June 3, 2026, or FIGS’ next annual stockholder meeting after that date. Vesting is conditioned on her continued service on the board through the applicable date.
Are Melanie Whelan’s FIGS (FIGS) RSUs an open-market stock purchase?
No, these RSUs are a compensatory equity award, not an open-market purchase. They were granted automatically under FIGS’ Non-Employee Director Compensation Program with a grant price of $0.00 per unit, subject to future vesting conditions.
What does each FIGS (FIGS) RSU granted to Melanie Whelan represent?
Each of the 15,456 RSUs represents a contingent right to receive one share of FIGS Class A common stock. The shares will be delivered only if the vesting conditions are satisfied, aligning director compensation with long-term shareholder interests.