Form 4: Alan G. Lafley Reports Acquisition of FIGS, Inc. Stock Through RSU Grant

Director Alan G. Lafley reports acquiring 28,143 shares of FIGS, Inc. Class A Common Stock through a restricted stock unit (RSU) grant on June 5, 2024.

Summary

• On June 5, 2024, Alan G. Lafley, a director of FIGS, Inc., acquired 28,143 shares of Class A Common Stock through a restricted stock unit (RSU) grant.
• These RSUs were granted automatically as part of the Issuer's Non-Employee Director Compensation Program following the 2024 annual meeting of stockholders.
• The RSUs vest in full on the earlier of June 5, 2025, or the date of the Issuer's next annual meeting of stockholders, contingent upon continued service.
• Following the transaction, Lafley directly owns 65,096 shares of Class A Common Stock, including the 28,143 RSUs.
• Lafley also indirectly owns 891,322 shares of Class A Common Stock through the A.G. Lafley Revocable Trust U/A/D 1/10/1990.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock ownership changes. The acquisition of shares by a director is generally viewed positively, but it's not a major event.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The RSUs will vest on the earlier of June 5, 2025, or the date of the next annual meeting of stockholders, subject to continued service.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of key personnel.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the holdings of a key director.

Key Dates