SCHEDULE: BlackRock Discloses 5.3% Stake in FIGS, Inc.

BlackRock, Inc. has reported beneficial ownership of 5.3% of FIGS, Inc. Class A Stock as of June 30, 2026.

Summary

• BlackRock, Inc. has filed a Schedule 13G, indicating it beneficially owns 8,336,021 shares of FIGS, Inc. Class A Stock.
• This ownership represents 5.3% of the total outstanding Class A Stock.
• The filing is made in accordance with Rule 13d-1(b) and BlackRock, Inc. is classified as a 'HC' (likely meaning Holding Company or similar institutional investor type) reporting person.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it confirms a significant institutional holding without any negative disclosures. It indicates stability and potential investor confidence.

Positives

• BlackRock's investment signifies confidence in FIGS, Inc. from a major institutional investor.
• The ownership stake of 5.3% is substantial and indicates a significant position in the company.

Risks

• The filing does not explicitly mention any risks associated with this investment.
• Potential future changes in BlackRock's investment strategy could lead to divestment, impacting FIGS' stock price.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from BlackRock regarding its future investment in FIGS, Inc. It certifies that the securities were acquired and are held in the ordinary course of business.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the 'Reporting Business Units') of BlackRock, Inc. and its subsidiaries and affiliates."
• "It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release."
• "Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of FIGS, Inc.. No one person's interest in the common stock of FIGS, Inc. is more than five percent of the total outstanding common shares."
• "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 significant holdings by large asset managers like BlackRock in publicly traded companies are common and often reflect a belief in the company's long-term prospects. This filing indicates BlackRock's ongoing interest in the apparel and healthcare technology sector where FIGS operates.

Stakeholder Impact

• Shareholders: The significant stake held by BlackRock may provide a degree of stability to the stock price and signal institutional confidence.
• Management: The filing confirms BlackRock is not seeking to influence control, which may be reassuring to current management.
• Creditors: A stable institutional investor base can be viewed positively by creditors.

Next Steps

• BlackRock will continue to monitor its investment in FIGS, Inc.
• FIGS, Inc. will continue its business operations as disclosed in its other filings.

Key Dates

Keywords

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