FIGS director granted 22,863 stock options
FIGS, Inc. director Melanie Anya Whelan received a grant of 22,863 stock options as compensation for consulting services beyond her board role.
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Form Type
4
Rhea-AI Filing Summary
FIGS, Inc. director Melanie Anya Whelan received a grant of 22,863 stock options as compensation for consulting services beyond her board role. The options have an exercise price of $11.51 per share and expire on May 12, 2036.
The option grant vests in full and becomes exercisable on May 12, 2027, contingent on her continued service through that date. In addition, she holds 10,815 shares of Class A Common Stock, 29,412 unvested restricted stock units, and 52,037 shares underlying vested options.
Insider Trade Summary
Grant/Award: 22,863 shares
Grant/Award
1 txn
Insider
WHELAN MELANIE ANYA
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 22,863 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 22,863 contracts (Direct)
Footnotes (2)
- F1. The option, which was granted as consideration for consulting services being provided to the Issuer by the Reporting Person beyond her director service, vests in full and becomes exercisable on May 12, 2027, subject to the Reporting Person's continued service through the vesting date.
- F2. In addition to the securities reported in this column, the Reporting Person holds (i) 10,815 shares of the Issuer's Class A Common Stock, (ii) 29,412 unvested restricted stock units, each representing a contingent right to receive one share of the Issuer's Class A Common Stock, and (iii) 52,037 shares of the Issuer's Class A Common Stock underlying vested options.
Key Figures
Option grant size: 22,863 options
Exercise price: $11.51 per share
Option expiration: May 12, 2036
+4 more
7 metrics
Option grant size
22,863 options
Grant of Stock Option (Right to Buy) on May 12, 2026
Exercise price
$11.51 per share
Conversion or exercise price of the stock options
Option expiration
May 12, 2036
Expiration date of the granted stock options
Vesting date
May 12, 2027
Date options vest and become exercisable if service continues
Current Class A shares
10,815 shares
Class A Common Stock held directly by the reporting person
Unvested RSUs
29,412 units
Unvested restricted stock units, each for one Class A share
Shares from vested options
52,037 shares
Class A Common Stock underlying vested options already held
Key Terms
Stock Option (Right to Buy), Class A Common Stock, restricted stock units, vesting date
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Class A Common Stock financial
"underlying_security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
restricted stock units financial
"29,412 unvested restricted stock units, each representing a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting date financial
"subject to the Reporting Person's continued service through the vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FIGS (FIGS) director Melanie Whelan report in this Form 4?
Melanie Whelan reported receiving 22,863 stock options in FIGS. The options were granted for consulting services beyond her director duties, giving her the right to buy Class A Common Stock at $11.51 per share, subject to future vesting conditions.
What are the key terms of Melanie Whelan’s new FIGS stock options?
The grant covers 22,863 options at a $11.51 exercise price. These options to acquire Class A Common Stock expire on May 12, 2036, and will vest in full and become exercisable on May 12, 2027, assuming continued service through that date.
When do Melanie Whelan’s newly granted FIGS options vest?
The 22,863 FIGS stock options fully vest on May 12, 2027. Vesting and exercisability are contingent on her continued service to FIGS through that date, reflecting a long-term incentive structure tied to ongoing consulting and director involvement.
What additional FIGS equity does Melanie Whelan hold besides this option grant?
She holds 10,815 Class A shares, 29,412 RSUs, and 52,037 vested option shares. These positions, alongside the new 22,863-option grant, represent her broader equity exposure to FIGS based on current reported holdings in the Form 4 filing.
Why were these FIGS stock options granted to Melanie Whelan?
The options were granted for consulting services beyond her director service. FIGS is compensating her additional work with equity-based incentives, aligning her interests with shareholders through long-dated options that vest after several years of continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
