Heather Hasson of FIGS, Inc. (FIGS) sells shares after 1.2M option exercise

Rhea-AI Filing Summary

FIGS, Inc. Executive Chair Heather L. Hasson reported option exercises, tax share withholdings, and an open‑market sale of Class A common stock. On March 2, 2026 she exercised stock options for a total of 1,213,336 shares at exercise prices of $0.85 and $1.37 per share, and shares underlying these options were fully vested.

In connection with these exercises, 657,009 shares were withheld by the company to cover exercise prices and required taxes, which the footnotes state does not represent a sale by her. On March 3, 2026 she then completed an open‑market sale of 556,327 Class A shares at a weighted average price of $16.8522 per share, across trades between $16.31 and $17.19.

After these transactions, she directly held 1,251,967 Class A shares and also reported indirect holdings of Class A shares through the Heather Hasson Revocable Trust and Hollywood Capital Partners LLC, as well as substantial additional economic interests through RSUs, Class B shares convertible into Class A, and vested options.

Insights

Equity compensation and insider-trading analyst

FIGS chair exercises 1.2M options and nets a sizable stock sale.

The filing shows Heather L. Hasson exercising stock options for 1,213,336 FIGS Class A shares at low strike prices of $0.85 and $1.37. This converts previously granted equity awards into actual shares and reflects the full vesting of the underlying options.

To cover exercise costs and tax liabilities, 657,009 shares were withheld by the issuer, explicitly described as not a sale by her. Separately, she executed an open‑market sale of 556,327 Class A shares at a weighted average of $16.8522 per share, indicating a net reduction of directly held shares.

Post‑transaction, she still holds 1,251,967 Class A shares directly plus additional indirect and derivative interests, including RSUs, convertible Class B shares, and vested options. The overall economic stake remains large, so the net‑sell activity is meaningful for governance watchers but, on its own, does not clearly change the broader investment thesis.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hasson Heather L.

(Last) (First) (Middle)

C/O FIGS, INC., 2834 COLORADO AVENUE

SUITE 100

(Street)

SANTA MONICA CA 90404

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIGS, Inc. [ FIGS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chair

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/02/2026		M		313,336	A	$0.85	1,565,303	D
Class A Common Stock	03/02/2026		M		900,000	A	$1.37	2,465,303	D
Class A Common Stock	03/02/2026		F		657,009(1)	D	$17.12	1,808,294	D
Class A Common Stock	03/03/2026		S		556,327	D	$16.8522(2)	1,251,967(3)	D
Class A Common Stock								8,338	I	Held by the Heather Hasson Revocable Trust
Class A Common Stock								141(4)	I	Held by Hollywood Capital Partners LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$0.85	03/02/2026		M			313,336	(5)	02/21/2028	Class A Common Stock	313,336	$0.85	0	D
Stock Option (Right to Buy)	$1.37	03/02/2026		M			900,000	(5)	06/26/2028	Class A Common Stock	900,000	$1.37	0	D

Explanation of Responses:

1. Represents shares that have been withheld by the Issuer upon the net exercise of stock options and used to pay the exercise prices and required tax withholdings. Does not represent a sale by the Reporting Person.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.31 to $17.19 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. 829,385 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 10,775,812 shares of the Issuer's Class A Common Stock underlying vested options.

4. 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.

5. All shares underlying this option have vested.

Remarks:

	/s/ Danielle Warner as Attorney-in-Fact for Heather Hasson	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did FIGS (FIGS) Executive Chair Heather Hasson report?

Heather L. Hasson reported exercising stock options for 1,213,336 FIGS Class A shares, issuer withholding 657,009 shares for exercise costs and taxes, and a separate open‑market sale of 556,327 Class A shares at a weighted average price of $16.8522 per share.

How many FIGS (FIGS) shares did Heather Hasson sell in the open market?

She sold 556,327 shares of FIGS Class A common stock in an open‑market transaction. The weighted average sale price was $16.8522 per share, with individual trades occurring between $16.31 and $17.19 per share, as detailed in the footnotes.

Were all FIGS (FIGS) shares in Hasson’s Form 4 treated as sales?

No. The filing states 657,009 shares were withheld by FIGS to pay option exercise prices and tax withholdings and are expressly described as not representing a sale. Only 556,327 Class A shares were reported as an open‑market sale transaction.

What options did Heather Hasson exercise in this FIGS (FIGS) Form 4?

She exercised stock options covering 313,336 shares at an exercise price of $0.85 and 900,000 shares at an exercise price of $1.37. A footnote confirms that all shares underlying these options were fully vested at the time of exercise.

How many FIGS (FIGS) shares does Heather Hasson hold after these transactions?

After the reported transactions, she directly holds 1,251,967 FIGS Class A shares. The filing also notes additional indirect Class A holdings, RSUs, Class B shares convertible into Class A, and 10,775,812 Class A shares underlying vested options, expanding her overall economic interest.

What do the FIGS (FIGS) Form 4 footnotes reveal about Hasson’s indirect ownership?

Footnotes state she has indirect FIGS Class A holdings via the Heather Hasson Revocable Trust and Hollywood Capital Partners LLC. She disclaims beneficial ownership of securities held by Hollywood Capital Partners LLC except for her pecuniary interest, clarifying how some indirect positions should be interpreted.