FIGS (NYSE: FIGS) director receives 22,863 options for consulting

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

1 transaction reported

Mixed 1 txn

Insider WHELAN MELANIE ANYA

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	22,863	$0.00	--

Holdings After Transaction: Stock Option (Right to Buy) — 22,863 shares (Direct, null)

Footnotes (1)

1. 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. 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"

Form 4 Insider Transactions: What Each Field Means →

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^*

WHELAN MELANIE ANYA

(Last) (First) (Middle)

C/O FIGS, INC. 2834 COLORADO AVENUE

SUITE 100

(Street)

SANTA MONICA CALIFORNIA 90404

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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

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

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

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

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)	$11.51	05/12/2026		A		22,863		(1)	05/12/2036	Class A Common Stock	22,863	$0	22,863(2)	D

Explanation of Responses:

1. 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.

2. 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.

Remarks:

	/s/ Danielle Warner as Attorney-in-Fact for Melanie Whelan	05/14/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.