SCHEDULE: Ameriprise Financial Reduces FIGS Stake Below 5%

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

Summary

• Ameriprise Financial, Inc. and its affiliated entities, including TAM UK International Holdings Limited and various Threadneedle entities, collectively reported beneficial ownership of 6,501,065 shares of FIGS, Inc. Class A Common Stock.
• This aggregate ownership represents 4.2% of FIGS, Inc.'s Class A Common Stock, as of the event date of December 31, 2025.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating a change from a previously reported stake that was likely above the 5% threshold.
• Ameriprise Financial, Inc. holds shared voting power over 6,458,765 shares and shared dispositive power over 6,501,065 shares.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of FIGS, Inc.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative development due to the reduction in a significant institutional stake below the 5% reporting threshold, which could imply a shift in investor sentiment from Ameriprise Financial, Inc.

Positives

• The continued significant, albeit reduced, institutional ownership by a major financial group like Ameriprise Financial, Inc. indicates ongoing investor interest in FIGS, Inc.

Negatives

• Ameriprise Financial, Inc. and its affiliates have reduced their beneficial ownership in FIGS, Inc. Class A Common Stock to 4.2%, falling below the 5% threshold that typically triggers initial Schedule 13G filings, suggesting a decrease in their overall position.

Risks

• A reduction in stake by a significant institutional investor could be perceived negatively by the market, potentially impacting investor confidence in FIGS, Inc.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding FIGS, Inc.'s future performance or outlook.

Industry Context

StockSavvy.ai notes that while institutional ownership by major financial groups like Ameriprise Financial, Inc. can signal confidence, a reduction in stake below the 5% reporting threshold by such an entity might prompt closer examination by the market regarding the underlying reasons for the divestment, especially within the competitive healthcare apparel sector.

Stakeholder Impact

• Shareholders of FIGS, Inc. are impacted by the transparency of institutional holdings, and a reduction by a major investor may influence market perception and potentially share price.
• The filing provides clarity on the passive nature of Ameriprise's investment, assuring other stakeholders that the holding is not intended to influence company control.

Key Dates

Recommendation

While the reduction in stake by a major institutional investor is a negative signal, this filing alone does not provide sufficient operational or financial details to warrant a 'sell' recommendation. It suggests a cautious 'hold' as investors assess the implications of this divestment in the broader context of FIGS, Inc.'s performance and market conditions.

Keywords

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