FIGS, Inc. (NYSE: FIGS) chair withholds 30,142 shares for RSU tax
Rhea-AI Filing Summary
FIGS, Inc. Executive Chairman Heather L. Hasson had 30,142 shares of Class A Common Stock withheld on August 5, 2026 at $10.92 per share to satisfy tax withholding obligations arising from the vesting and settlement of previously granted RSUs, not from any open-market sale. Following this, she directly holds 1,396,852 Class A shares, including 911,737 RSUs, and also beneficially owns 2,814,480 Class B shares convertible into Class A and 11,225,605 Class A shares underlying vested options, plus additional indirect holdings through a revocable trust and Hollywood Capital Partners LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 30,142 shares
Net Sell
3 txns
Insider
Hasson Heather L.
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2, F3 | 30,142 | $10.92 | $329K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,396,852 shares (Direct);
Class A Common Stock — 8,338 shares (Indirect, Held by the Heather Hasson Revocable Trust);
Class A Common Stock — 141 shares (Indirect, Held by Hollywood Capital Partners LLC)
Footnotes (4)
- F1. 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.
- F2. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs previously granted to the Reporting Person.
- F3. 911,737 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 11,225,605 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 withheld for taxes: 30,142 shares
Withholding price: $10.92 per share
Direct Class A holdings after event: 1,396,852 shares
+5 more
8 metrics
Shares withheld for taxes
30,142 shares
Class A shares withheld to satisfy tax withholding obligations on RSU vesting
Withholding price
$10.92 per share
Value used for the 30,142 withheld Class A shares
Direct Class A holdings after event
1,396,852 shares
Class A Common Stock directly held by Heather Hasson following the transaction
RSUs included in Class A holdings
911,737 RSUs
RSUs representing contingent rights to Class A shares within direct holdings
Class B Common Stock
2,814,480 shares
Class B shares beneficially owned, convertible into Class A on a 1:1 basis
Vested options
11,225,605 shares
Class A shares underlying vested options beneficially owned by Heather Hasson
Indirect trust holdings
8,338 shares
Class A shares held by the Heather Hasson Revocable Trust
Hollywood Capital Partners LLC holdings
141 shares
Indirect Class A shares held by Hollywood Capital Partners LLC
Key Terms
Restricted Stock Units ("RSUs"), Class B Common Stock, beneficially owns, pecuniary interest
4 terms
Restricted Stock Units ("RSUs") financial
"vesting and settlement of Restricted Stock Units ("RSUs") and the related withholding"
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.
Class B Common Stock financial
"beneficially owns 2,814,480 shares of the Issuer's Class B Common Stock"
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.
beneficially owns financial
"the Reporting Person beneficially owns 2,814,480 shares of the Issuer's Class B"
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.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of her pecuniary interest"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FIGS (FIGS) report for Heather Hasson?
Executive Chairman Heather Hasson had 30,142 FIGS shares withheld at $10.92 per share to cover tax obligations from vesting RSUs. This was an internal tax-withholding event rather than an open-market purchase or sale of FIGS stock.
What other FIGS (FIGS) equity interests does Heather Hasson beneficially own?
Beyond Class A shares, Heather Hasson beneficially owns 2,814,480 Class B FIGS shares, convertible 1:1 into Class A, and 11,225,605 Class A shares underlying vested options, along with smaller indirect Class A positions via related entities.
How are RSUs involved in Heather Hasson’s FIGS (FIGS) insider transaction?
The transaction relates to vesting and settlement of RSUs previously granted to Heather Hasson. To cover tax obligations from this vesting, 30,142 Class A shares were withheld instead of selling shares on the open market.