SCHEDULE 13G/A: Ameriprise Financial and Affiliates Disclose Significant Passive Stake in FIGS, Inc.

Ameriprise Financial, Inc. and its UK-based affiliates have filed an amended Schedule 13G, disclosing a combined beneficial ownership of 7.6% of FIGS, Inc.'s Class A Common Stock as of December 31, 2024.

Summary

• Ameriprise Financial, Inc. and its affiliated entities, including TAM UK International Holdings Limited, Threadneedle Holdings Limited, TAM UK Holdings Limited, Threadneedle Asset Management Holdings Limited, TC Financing Ltd, Threadneedle Asset Management Limited, and Threadneedle Investment Services Limited, have filed an Amendment No. 1 to Schedule 13G.
• The filing discloses their beneficial ownership of Class A Common Stock in FIGS, Inc. (CUSIP: 30260D103).
• As of December 31, 2024, Ameriprise Financial, Inc. beneficially owns 12,188,166 shares, representing 7.6% of the Class A Common Stock, with shared voting and dispositive power.
• Its UK-based affiliates, such as Threadneedle Asset Management Limited, each beneficially own 12,119,179 shares, representing 7.5% of the Class A Common Stock, with shared voting and dispositive power.
• The filing certifies that these 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: The document is a standard regulatory filing (Schedule 13G) disclosing beneficial ownership, which is inherently neutral in sentiment. It provides factual information about shareholdings without expressing positive or negative opinions on the issuer's performance or prospects.

Positives

• The disclosure of a significant stake by a major financial institution like Ameriprise Financial and its affiliates could be viewed positively by the market, indicating institutional confidence in FIGS, Inc.

Future Outlook

NA

Management Comments

• "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

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.

Key Dates

Keywords

FIGS Inc, Class A Common Stock, Ameriprise Financial, Threadneedle, Schedule 13G, Beneficial Ownership, Institutional Investor, SEC Filing, Investment Management, Healthcare Apparel