T. Rowe Price reports 4.5% FIGS (FIGS) stake in 13G/A update

Rhea-AI Filing Summary

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.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

FIGS INC-CLASS A

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

30260D103

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 30260D103

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,026,761.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,077,395.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,077,395.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FIGS INC-CLASS A
(b)	Address of issuer's principal executive offices: 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA, CA, 90404
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 30260D103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7077395
(b)	Percent of class: 4.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7026761
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 7077395
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026

FAQ

What percentage of FIGS (FIGS) does T. Rowe Price Investment Management report owning?

T. Rowe Price Investment Management reports owning 4.5% of FIGS Inc. Class A common stock. This stake corresponds to 7,077,395 shares beneficially owned as of December 31, 2025, according to the amended Schedule 13G filing.

How many FIGS (FIGS) shares does T. Rowe Price Investment Management beneficially own?

T. Rowe Price Investment Management beneficially owns 7,077,395 FIGS Inc. Class A common shares. The firm reports this position represents 4.5% of the outstanding class as of December 31, 2025, in its Amendment No. 2 to Schedule 13G.

What voting power does T. Rowe Price Investment Management have over its FIGS (FIGS) shares?

T. Rowe Price Investment Management has sole voting power over 7,026,761 FIGS shares. It reports no shared voting power, indicating all voting authority for these shares is held solely by the firm in this filing.

Does T. Rowe Price Investment Management share dispositive power over FIGS (FIGS) shares?

No, T. Rowe Price Investment Management reports sole dispositive power over 7,077,395 FIGS shares and zero shared dispositive power. Sole dispositive power means the firm alone decides if and when these shares are sold or otherwise disposed of.

Is T. Rowe Price Investment Management’s FIGS (FIGS) position intended to influence control of the company?

The filing states the FIGS shares were acquired and are held in the ordinary course of business. It explicitly notes they were not acquired and are not held to change or influence control of FIGS Inc. or to participate in any such control-related transaction.

What does Item 5 in the T. Rowe Price filing say about its FIGS (FIGS) ownership level?

Item 5 states that T. Rowe Price Investment Management’s holding is the ownership of 5 percent or less of the class. In this amendment, the firm reports a 4.5% beneficial ownership of FIGS Inc. Class A common stock.