SCHEDULE: BlackRock Amends Stake in FIGS, Inc., Disclosing 5.0% Beneficial Ownership

BlackRock, Inc. has filed an amended Schedule 13G, reporting a 5.0% beneficial ownership stake in FIGS, Inc.'s Class A Stock, totaling 7,756,192 shares.

Summary

• BlackRock, Inc. reported beneficial ownership of 7,756,192 shares of FIGS, Inc. Class A Stock.
• This beneficial ownership represents 5.0% of the Class A Stock outstanding.
• BlackRock holds sole voting power over 7,578,450 shares.
• BlackRock holds sole dispositive power over all 7,756,192 beneficially owned shares.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported stake.

Sentiment

Score: 5

Explanation: The document is a factual report of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Management Comments

• 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

NA

Stakeholder Impact

• BlackRock's 5.0% beneficial ownership provides it with significant voting power (7,578,450 shares) and dispositive power (7,756,192 shares) over FIGS, Inc. Class A Stock, which can influence shareholder resolutions and corporate direction.
• The filing indicates that various persons have the right to receive dividends or proceeds from the sale of FIGS, Inc. common stock, but no single person's interest is more than five percent of the total outstanding common shares, apart from BlackRock's aggregate holding.

Key Dates

Keywords

BlackRock, FIGS Inc., Schedule 13G, Beneficial Ownership, Class A Stock, Institutional Investor, SEC Filing, Investment Management