[Form 4] FIGS, Inc. Insider Trading Activity
FIGS, Inc. (FIGS) reported an insider transaction by Executive Chair and Director Heather Hasson. On 11/04/2025, she sold 23,356 Class A shares, a sale made pursuant to a Rule 10b5-1 instruction letter, solely to cover taxes and fees related to the vesting and settlement of RSUs.
Following the transaction, she beneficially owns 1,274,841 Class A shares directly, including 888,627 RSUs, plus 8,338 Class A shares held by the Heather Hasson Revocable Trust and 141 Class A shares held by Hollywood Capital Partners LLC. She also holds 2,814,480 Class B shares (convertible into Class A at her option) and 11,629,313 Class A shares underlying vested options. The reported sale had a weighted average price of $7.3869 per share within a disclosed range.
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Insights
Routine 10b5-1 tax-cover sale; ownership remains significant.
The filing shows a sale of 23,356 Class A shares on
Post-transaction, direct beneficial ownership is 1,274,841 Class A, including 888,627 RSUs. Additional interests include 8,338 Class A via a revocable trust and 141 Class A via an LLC, plus 2,814,480 Class B (convertible into Class A) and 11,629,313 Class A underlying vested options.
This appears administrative and not thesis-changing; actual market impact depends on holder actions and broader liquidity conditions disclosed elsewhere.