FIGS (FIGS) chair Hasson reports RSU vesting and 6,813-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIGS, Inc. Executive Chairman Heather Hasson reported compensation-related share activity, not an open-market trade. The filing shows the vesting and settlement of restricted stock units and shares withheld to cover related taxes. No shares were sold.
The company withheld 6,813 shares of Class A Common Stock at $10.05 per share to satisfy tax obligations from RSU vesting. After this tax withholding, Hasson directly holds 1,426,994 Class A shares, plus additional indirect holdings through Hollywood Capital Partners LLC and the Heather Hasson Revocable Trust.
Footnotes also note 970,979 RSUs representing contingent rights to Class A shares, 2,814,480 Class B shares that are convertible into Class A shares, and 11,135,647 Class A shares underlying vested options, highlighting a large remaining equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hasson Heather L.
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 6,813 | $10.05 | $68K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,426,994 shares (Direct, null);
Class A Common Stock — 8,338 shares (Indirect, Held by the Heather Hasson 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. 970,979 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 2,814,480 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 11,135,647 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 withholding shares: 6,813 shares
Tax withholding price: $10.05 per share
Direct Class A holdings after transaction: 1,426,994 shares
+5 more
8 metrics
Tax withholding shares
6,813 shares
Class A shares withheld to satisfy RSU tax obligations
Tax withholding price
$10.05 per share
Value used for 6,813 withheld Class A shares
Direct Class A holdings after transaction
1,426,994 shares
Class A Common Stock held directly following tax withholding
Hollywood Capital Partners LLC holdings
141 shares
Indirect Class A holdings attributed to LLC
Revocable trust holdings
8,338 shares
Indirect Class A holdings via Heather Hasson Revocable Trust
RSUs outstanding
970,979 RSUs
Each RSU represents a contingent right to one Class A share
Convertible Class B holdings
2,814,480 shares
Class B shares convertible into Class A at holder’s option
Vested option underlying shares
11,135,647 shares
Class A shares underlying vested stock options
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, Class B Common Stock, pecuniary interest, +1 more
5 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"
Class B Common Stock financial
"beneficially owns 2,814,480 shares of the Issuer's Class B Common Stock directly and indirectly through various trusts"
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"
vested options financial
"11,135,647 shares of the Issuer's Class A Common Stock underlying vested options"
FAQ
What did FIGS (FIGS) Executive Chairman Heather Hasson report in this Form 4?
Heather Hasson reported RSU vesting and related tax withholding, not an open-market sale. FIGS withheld 6,813 Class A shares at $10.05 each to cover taxes, and Hasson continues to hold a large equity position through direct, trust, and option interests.
What additional FIGS (FIGS) equity interests are noted for Heather Hasson in the footnotes?
The footnotes state she has 970,979 RSUs, 2,814,480 Class B shares convertible into Class A, and 11,135,647 Class A shares underlying vested options. These positions highlight substantial ongoing economic exposure to FIGS beyond currently held Class A shares.
How are Heather Hasson’s indirect FIGS (FIGS) holdings structured in this Form 4?
Indirect holdings include 141 Class A shares held by Hollywood Capital Partners LLC and 8,338 Class A shares held by the Heather Hasson Revocable Trust. A footnote explains she is a managing member of Hollywood Capital Partners LLC and disclaims beneficial ownership except for her pecuniary interest.