FIGS, Inc. Schedule 13G/A discloses material institutional holdings in the company's Class A common stock. Ameriprise Financial, Inc. and affiliated Ameriprise Entities report beneficial ownership of 13,936,468 shares, representing 9.0% of the class, with essentially all holdings recorded as shared voting and dispositive power. A group of Threadneedle/TAM entities each report 13,313,175 shares (8.6%) and the CT (Lux) American Smaller Companies sub-fund reports 8,532,198 shares (5.5%), with the Fund showing sole voting power for its position.
The filing states AFI, as parent, may be deemed to beneficially own shares reported by its subsidiaries while those subsidiaries disclaim beneficial ownership. The certifying language affirms these holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Positive
Institutional ownership disclosed: Ameriprise Entities report 13,936,468 shares (9.0%) of FIGS Class A common stock.
Significant additional institutional stakes: Threadneedle/TAM entities report 13,313,175 shares (8.6%), and the CT (Lux) sub-fund reports 8,532,198 shares (5.5%).
Negative
None.
Insights
TL;DR: Major passive institutional stakes disclosed—significant ownership but no stated intent to change control.
The Schedule 13G/A shows multiple institutional holders with single-entity and group stakes above the 5% reporting threshold, including Ameriprise at 9.0% and the Threadneedle group at 8.6%. Such positions are large enough to influence market liquidity and signal institutional interest, yet the filing's certification labels the holdings as passive and in the ordinary course, reducing immediate governance or takeover concerns. Investors should note the distinction between shared and sole voting/dispositive powers reported, which limits unilateral control by any single listed entity.
TL;DR: Disclosure highlights parent/subsidiary reporting relationships and passive ownership disclaimers.
The filing explicitly notes that AFI may be deemed to beneficially own shares reported by its subsidiaries while those subsidiaries disclaim ownership—an important legal clarification for control analyses. Multiple entities report identical share counts, indicating coordinated reporting by related investment managers rather than an asserted control group. The document attaches exhibits (subsidiary identification, joint filing agreement, powers of attorney), consistent with compliant group/parent reporting practices. No affirmative statement of intent to influence control is made.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many FIGS (FIGS) Class A shares does Ameriprise report owning?
Ameriprise Financial, Inc. and affiliated Ameriprise Entities report aggregate beneficial ownership of 13,936,468 shares, representing 9.0% of Class A common stock.
What stake do Threadneedle/TAM entities report in FIGS (FIGS)?
Threadneedle-related reporting persons each report aggregate beneficial ownership of 13,313,175 shares, equal to 8.6% of the Class A shares.
Does any filer report a >5% position in FIGS (FIGS)?
Yes. Ameriprise (9.0%), the Threadneedle group (8.6%), and CT (Lux) American Smaller Companies sub-fund (5.5%) each report positions exceeding 5%.
Are these holdings reported as passive or intended to influence control?
The filing includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control.
Does AFI claim direct ownership of subsidiary-reported shares?
The filing states AFI may be deemed to beneficially own shares reported by its subsidiaries, and those subsidiaries disclaim beneficial ownership of the reported shares.
Who signed the Schedule 13G/A filings for these reporting persons?
Signatures on behalf of the Ameriprise Entities are by Michael G. Clarke, Senior Vice President, North America Head of Operations & Investor Services; the CT (Lux) sub-fund filing is signed by Claire Manier, Conducting Officer, Threadneedle Management Luxembourg S.A.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
FIGS, Inc
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
30260D103
(CUSIP Number)
06/30/2025
(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
Ameriprise Financial, 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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,936,368.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,936,468.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,936,468.00
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)
9.0 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP No.
30260D103
1
Names of Reporting Persons
TAM UK International Holdings Limited
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
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,313,175.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,313,175.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,313,175.00
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)
8.6 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
30260D103
1
Names of Reporting Persons
Threadneedle Holdings Limited
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
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,313,175.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,313,175.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,313,175.00
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)
8.6 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
30260D103
1
Names of Reporting Persons
TAM UK Holdings Limited
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
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,313,175.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,313,175.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,313,175.00
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)
8.6 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
30260D103
1
Names of Reporting Persons
Threadneedle Asset Management Holdings Limited
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
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,313,175.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,313,175.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,313,175.00
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)
8.6 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
30260D103
1
Names of Reporting Persons
TC Financing Ltd
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
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,313,175.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,313,175.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,313,175.00
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)
8.6 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
30260D103
1
Names of Reporting Persons
Threadneedle Asset Management Limited
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
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,313,175.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,313,175.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,313,175.00
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)
8.6 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
30260D103
1
Names of Reporting Persons
Threadneedle Investment Services Limited
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
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,313,175.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,313,175.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,313,175.00
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)
8.6 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
30260D103
1
Names of Reporting Persons
Threadneedle Management Luxembourg S.A.
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
LUXEMBOURG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,313,175.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,313,175.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,313,175.00
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)
8.6 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
30260D103
1
Names of Reporting Persons
CT (Lux) American Smaller Companies, a sub-fund of Columbia Threadneedle (Lux) I SICAV
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
LUXEMBOURG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
8,532,198.00
6
Shared Voting Power
7
Sole Dispositive Power
8
Shared Dispositive Power
8,532,198.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,532,198.00
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)
5.5 %
12
Type of Reporting Person (See Instructions)
IV
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
FIGS, Inc
(b)
Address of issuer's principal executive offices:
2834 Colorado Avenue, Suite 100, Santa Monica, CA 90404
Item 2.
(a)
Name of person filing:
(a) Ameriprise Financial, Inc. ("AFI")
(b) TAM UK International Holdings Limited ("TAMUKI")
(c) Threadneedle Holdings Limited ("THL")
(d) TAM UK Holdings Limited ("TUHL")
(e) Threadneedle Asset Management Holdings Limited ("TAMHL")
(f) TC Financing Ltd ("TCFL")
(g) Threadneedle Asset Management Limited ("TAML")
(h) Threadneedle Investment Services Limited ("TISL")
(i) Threadneedle Management Luxembourg S.A. ("TML")
(j) CT (Lux) American Smaller Companies, a sub-fund of Columbia Threadneedle (Lux) I SICAV ("Fund")
Persons (a) through (i) are sometimes referred to herein as the "Ameriprise Entities".
(b)
Address or principal business office or, if none, residence:
(a) Delaware
(b) United Kingdom
(c) United Kingdom
(d) United Kingdom
(e) United Kingdom
(f) United Kingdom
(g) United Kingdom
(h) United Kingdom
(i) Luxembourg
(j) Luxembourg
(d)
Title of class of securities:
Class A 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:
Incorporated by reference to Items (5)-(9) and (11) of the cover page pertaining to each reporting person.
AFI, as the parent company of the other Ameriprise Entities, may be deemed to beneficially own the shares reported herein by those reporting persons. Accordingly, the shares reported herein by AFI include those shares separately reported herein by those reporting persons.
Each of the Ameriprise Entities disclaims beneficial ownership of any shares reported on this Schedule.
(b)
Percent of class:
The information required by Item 4(b) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
To the knowledge of the Ameriprise Entities and the Fund, no other persons besides the Ameriprise Entities and the Fund and those persons for whose shares of common stock the Ameriprise Entities report beneficial ownership have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of the securities of the issuer reported herein.
Any remaining shares reported herein by the Ameriprise Entities are held by various other funds or accounts managed by one or more of the Ameriprise Entities which each have the right to receive any dividends paid by the issuer and could terminate their respective investment advisory relationship with the applicable Ameriprise Entity and then subsequently direct the use of proceeds from the sale of the common stock owned by such fund or account. To the knowledge of the Ameriprise Entities, none of these other funds or accounts own more than 5% of the outstanding shares of the issuer as June 30, 2025, other than the Fund.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
AFI: See Exhibit I
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.
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.
Ameriprise Financial, Inc.
Signature:
/s/ Michael G. Clarke
Name/Title:
Michael G. Clarke, Senior Vice President, North America Head of Operations & Investor Services
Date:
08/14/2025
TAM UK International Holdings Limited
Signature:
/s/ Michael G. Clarke
Name/Title:
By: Columbia Management Investment Advisers, LLC, as Attorney in Fact By: Michael G. Clarke SVP, North America Head of Operations & Investor Services
Date:
08/14/2025
Threadneedle Holdings Limited
Signature:
/s/ Michael G. Clarke
Name/Title:
By: Columbia Management Investment Advisers, LLC, as Attorney in Fact By: Michael G. Clarke SVP, North America Head of Operations & Investor Services
Date:
08/14/2025
TAM UK Holdings Limited
Signature:
/s/ Michael G. Clarke
Name/Title:
By: Columbia Management Investment Advisers, LLC, as Attorney in Fact By: Michael G. Clarke SVP, North America Head of Operations & Investor Services
Date:
08/14/2025
Threadneedle Asset Management Holdings Limited
Signature:
/s/ Michael G. Clarke
Name/Title:
By: Columbia Management Investment Advisers, LLC, as Attorney in Fact By: Michael G. Clarke SVP, North America Head of Operations & Investor Services
Date:
08/14/2025
TC Financing Ltd
Signature:
/s/ Michael G. Clarke
Name/Title:
By: Columbia Management Investment Advisers, LLC, as Attorney in Fact By: Michael G. Clarke SVP, North America Head of Operations & Investor Services
Date:
08/14/2025
Threadneedle Asset Management Limited
Signature:
/s/ Michael G. Clarke
Name/Title:
By: Columbia Management Investment Advisers, LLC, as Attorney in Fact By: Michael G. Clarke SVP, North America Head of Operations & Investor Services
Date:
08/14/2025
Threadneedle Investment Services Limited
Signature:
/s/ Michael G. Clarke
Name/Title:
By: Columbia Management Investment Advisers, LLC, as Attorney in Fact By: Michael G. Clarke SVP, North America Head of Operations & Investor Services
Date:
08/14/2025
Threadneedle Management Luxembourg S.A.
Signature:
/s/ Michael G. Clarke
Name/Title:
By: Columbia Management Investment Advisers, LLC, as Attorney in Fact By: Michael G. Clarke SVP, North America Head of Operations & Investor Services
Date:
08/14/2025
CT (Lux) American Smaller Companies, a sub-fund of Columbia Threadneedle (Lux) I SICAV
Comments accompanying signature:
Contact Information
Charles Chiesa
VP Fund Treasurer Global Operations and Investor Services
Telephone: 617-385-9593
Exhibit Index
Exhibit I Identification and Classification of the Subsidiaries which Acquired the Security Being Reported on by the Parent Holding Company.
Exhibit II Joint Filing Agreement
Exhibit III Powers of Attorney
