SCHEDULE: Ameriprise Financial Updates FIGS Stake

Ameriprise Financial, Inc. and its affiliates reported a 4.2% beneficial ownership stake in FIGS, Inc. Class A Common Stock as of December 31, 2025.

Summary

• Ameriprise Financial, Inc. (AFI) and its affiliated entities, collectively referred to as the "Ameriprise Entities," filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership of FIGS, Inc. Class A Common Stock.
• As of December 31, 2025, Ameriprise Financial, Inc. beneficially owned an aggregate of 6,501,065 shares of FIGS, Inc. Class A Common Stock, representing 4.2% of the class.
• AFI reported shared voting power over 6,458,765 shares and shared dispositive power over 6,501,065 shares.
• Key subsidiaries and affiliates also reported holdings, including TAM UK International Holdings Limited with 6,025,749 shares (3.9%), Threadneedle Management Luxembourg S.A. with 3,829,373 shares (2.5%), and CT (Lux) American Smaller Companies with 3,829,373 shares (2.5%).
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of FIGS, Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine disclosure of passive institutional ownership, providing transparency without inherently positive or negative implications for the issuer's operational performance.

Positives

• The continued significant institutional ownership by Ameriprise Financial, Inc. and its affiliates indicates ongoing interest in FIGS, Inc. as a passive investment.

Negatives

• The aggregate beneficial ownership reported by Ameriprise Financial, Inc. is 4.2%, which is below the 5% threshold typically associated with an initial Schedule 13G filing. As this is an amendment, it may reflect a reduction in stake from a previous filing, though the filing itself does not explicitly detail the change.

Management Comments

• "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."

Industry Context

StockSavvy.ai notes that institutional filings like this provide transparency into significant ownership stakes, which can influence market perception and liquidity. The disclosure of a major financial institution's passive stake in FIGS, Inc. signals continued institutional interest in the company within the broader market.

Stakeholder Impact

• Shareholders gain transparency regarding the significant institutional holdings in FIGS, Inc., which can provide insights into investor confidence and market liquidity.

Key Dates

Keywords

FIGS, Ameriprise Financial, institutional ownership, SEC filing, Schedule 13G, Class A Common Stock, investment, beneficial ownership