FIGS, Inc. SEC Filings

Figs Inc: Amendment No. 4 to a Schedule 13G/A by The Vanguard Group reports that, following an internal realignment effective January 12, 2026, certain Vanguard subsidiaries now report holdings separately. The filing states amount beneficially owned: 0 and percent of class: 0% for Common Stock.

FIGS, Inc. reported that Chief Financial Officer Sarah Oughtred acquired 342,760 shares of Class A Common Stock on a grant basis, at a price of $0.00 per share, through an award of restricted stock units (RSUs). These RSUs vest as to 1/16 of the underlying shares on each quarterly anniversary following April 1, 2026, contingent on her continued service. After this grant, she holds a total of 1,164,260 Class A Common Stock-related securities, including 1,014,146 RSUs, each RSU representing a contingent right to receive one share.

Hasson Heather L. reported acquisition or exercise transactions in this Form 4 filing.

FIGS, Inc. executive chairman Heather L. Hasson reported an award of 214,225 shares of Class A Common Stock on March 3, 2026, received as Restricted Stock Units with a transaction price of $0.0000 per share. These RSUs vest as to 1/16 of the underlying Class A shares on each quarterly anniversary following April 1, 2026, subject to her continued service.

After this grant, she directly held 1,466,192 shares of Class A Common Stock, including 1,043,610 RSUs, and also beneficially owned 2,814,480 shares of Class B Common Stock directly and through trusts, which are convertible one-for-one into Class A shares, plus 10,775,812 Class A shares underlying vested options. In addition, 8,338 Class A shares are held by the Heather Hasson Revocable Trust, and 141 Class A shares are held by Hollywood Capital Partners LLC, where she is a managing member and disclaims beneficial ownership except to the extent of her pecuniary interest.

FIGS, Inc. received an updated Schedule 13D/A from Baron-affiliated investors detailing their ownership and a revised stockholders agreement. Ronald Baron and Baron Capital Group report beneficial ownership of 59,959,449 shares of FIGS Class A common stock, or 37.93% of the 158,093,481 shares outstanding as of February 13, 2026.

The amendment notes that Baron entities made in‑kind distributions of 858,367 shares to clients and executed market purchases totaling several hundred thousand shares in February 2026. A new agreement allows the Baron stockholder group to acquire shares only to replace those distributed or sold for investors, and it limits the group’s beneficial ownership to no more than 59,959,449 shares.

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.

FIGS submitted a notice under Rule 144 reporting planned disposition of Class A common stock. The filing lists securities to be sold following an exercise of employee stock options on 03/02/2026, described as "net shares acquired...after the withholding of shares to pay option exercise costs and applicable taxes." The filing also reports a prior sale of 22,874 shares on 02/05/2026 and a reported beneficial ownership of 241,549 shares.

FIGS, Inc. is a founder-led, direct-to-consumer healthcare apparel and lifestyle brand focused on technically advanced scrubs and related products for healthcare professionals. The company sells primarily through its website, mobile app, B2B TEAMS platform and a small network of Community Hub retail stores.

As of December 31, 2025, FIGS reports about 2.9 million active customers, with core scrubwear styles accounting for over 60% of 2025 net revenues and returns of roughly 10% from 2021–2025. The brand emphasizes proprietary FIONx fabric, data-driven merchandising, international shipping and a growing B2B uniforms business.

FIGS highlights key risks, including sustaining past growth, intense competition in healthcare apparel, reliance on third-party manufacturing and logistics, global trade and tariff uncertainty, cybersecurity and data privacy obligations, and dependence on its co-founders and other key employees. The company also notes dual-class share structure and controlled-company status, which concentrate voting power.

FIGS, Inc. reported strong fourth quarter and full year 2025 results, with clear acceleration exiting the year and a bullish 2026 outlook. Q4 2025 net revenues rose 33.0% to $201.9 million, driven by more orders from new and existing customers and higher average order value. Net income jumped to $18.5 million (diluted EPS $0.10) and net income margin expanded to 9.2%, despite a 440-basis-point gross margin decline to 62.9% from higher tariffs and a $5.6 million inventory write-off.

For full year 2025, net revenues grew 13.6% to $631.1 million, with scrubwear up 14.3% and international revenue up 27.5%. Net income increased to $34.3 million (diluted EPS $0.19), and net income margin improved to 5.4%. Adjusted EBITDA was $74.5 million with an 11.8% margin, and free cash flow was $53.0 million. Active customers reached 2.9 million, net revenues per active customer were $216, and average order value was $120, all up year over year.

FIGS guides 2026 net revenues growth of 10–12% and an adjusted EBITDA margin of 12.7–12.9%, targeting low‑20% revenue growth in Q1 2026 while expecting further profitability gains even with new 15% global tariffs.

T. Rowe Price Investment Management, Inc. filed an amended Schedule 13G reporting its beneficial ownership of FIGS Inc. Class A common stock as of 12/31/2025. The firm reports beneficial ownership of 7,077,395 shares, representing 4.5% of the class.

T. Rowe Price has sole power to vote 7,026,761 shares and sole power to dispose of 7,077,395 shares, with no shared voting or dispositive power. The filer notes that it owns 5 percent or less of the class and states the shares were acquired and are held in the ordinary course of business, not to change or influence control of FIGS.