FIGS (NYSE: FIGS) CEO sells 62,335 shares to cover RSU tax obligations
Rhea-AI Filing Summary
FIGS, Inc. Chief Executive Officer Catherine Eva Spear reported an open-market sale of 62,335 shares of Class A Common Stock at $14.4389 per share. Footnotes state these shares were sold solely to cover taxes and fees due upon the vesting and settlement of restricted stock units, under a pre-arranged Rule 10b5-1 instruction letter.
After the sale, she holds 1,794,964 Class A shares directly, plus 797,073 Class A shares held by the Catherine Spear Revocable Trust and 141 Class A shares held by Hollywood Capital Partners LLC. Footnotes also note 1,097,946 RSUs, 5,469,161 Class B shares and 19,633,407 Class A shares underlying vested options, indicating a large remaining equity position.
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Insider Trade Summary 10b5-1
Net Seller: 62,335 shares
Net Sell
3 txns
Insider
Spear Catherine Eva
Role
Chief Executive Officer
Sold
62,335 shs ($900K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 62,335 | $14.4389 | $900K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,794,964 shares (Direct);
Class A Common Stock — 797,073 shares (Indirect, Held by the Catherine Spear Revocable Trust);
Class A Common Stock — 141 shares (Indirect, Held by Hollywood Capital Partners LLC)
Footnotes (4)
- F1. 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.
- F2. 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 MAY 13, 2025, AND NONE OF THE SHARES REPORTED ON THIS FORM 4 WERE SOLD FOR ANY REASON OTHER THAN TO COVER REQUIRED TAXES AND FEES.
- F3. 1,097,946 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 19,633,407 shares of the Issuer's Class A Common Stock underlying vested options.
- F4. 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
Shares sold: 62,335 shares
Sale price: $14.4389 per share
Direct Class A holdings: 1,794,964 shares
+5 more
8 metrics
Shares sold
62,335 shares
Open-market sale on 2026-04-02 to cover RSU taxes
Sale price
$14.4389 per share
Price for Class A Common Stock sold
Direct Class A holdings
1,794,964 shares
Shares owned directly after transaction
Trust Class A holdings
797,073 shares
Held by the Catherine Spear Revocable Trust
Hollywood Capital Partners holdings
141 shares
Indirect Class A holdings via Hollywood Capital Partners LLC
RSUs outstanding
1,097,946 RSUs
Each RSU represents a right to one Class A share
Class B holdings
5,469,161 shares
Class B Common Stock convertible into Class A
Vested options
19,633,407 shares
Class A shares underlying vested stock options
Key Terms
Restricted Stock Units ("RSUs"), 10B5-1 instruction letter, Class B Common Stock, pecuniary interest, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"THIS FORM 4 CONCERNS THE VESTING AND SETTLEMENT OF RESTRICTED STOCK UNITS ("RSUs"), WHICH SERVE TO INCREASE..."
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.
10B5-1 instruction letter financial
"THE SALES WERE MADE PURSUANT TO A 10B5-1 INSTRUCTION LETTER DELIVERED TO THE ISSUER ON MAY 13, 2025..."
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.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein."
beneficially owns financial
"the Reporting Person beneficially owns 5,469,161 shares of the Issuer's Class B Common Stock directly and indirectly..."
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
What did FIGS (FIGS) CEO Catherine Eva Spear report in this Form 4?
Catherine Eva Spear reported selling 62,335 shares of FIGS Class A Common Stock at $14.4389 per share. Footnotes explain the sale was to cover taxes and fees from vesting restricted stock units under a pre-arranged Rule 10b5-1 instruction letter.
What additional equity interests in FIGS does the CEO beneficially own?
Footnotes state she beneficially owns 1,097,946 RSUs, each for one Class A share, 5,469,161 Class B shares convertible into Class A, and 19,633,407 Class A shares underlying vested options, demonstrating a substantial continuing equity stake in FIGS.
What is the role of RSU vesting in this FIGS insider transaction?
The Form 4 indicates the event concerns vesting and settlement of RSUs, which increased the CEO’s owned shares. The reported stock sale represents shares sold solely to pay tax obligations and fees arising from that RSU vesting and settlement process.
How is Hollywood Capital Partners LLC involved in the FIGS CEO’s holdings?
Hollywood Capital Partners LLC holds 141 FIGS Class A shares as an indirect holding of the CEO. A footnote explains she is a managing member and disclaims beneficial ownership of these securities except to the extent of her pecuniary interest in the entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
