Form 4: FIGS CFO Sarah Oughtred Executes Tax-Related Share Sale

FIGS, Inc. Chief Financial Officer Sarah Oughtred sold 23,597 shares of Class A Common Stock to satisfy tax obligations related to RSU vesting.

Summary

• CFO Sarah Oughtred sold 23,597 shares of FIGS Class A Common Stock on May 4, 2026.
• The transaction was executed at a weighted average price of $14.3339 per share.
• The sale was conducted pursuant to a Rule 10b5-1 trading plan established on August 13, 2024.
• The purpose of the sale was exclusively to cover tax withholding obligations resulting from the vesting and settlement of Restricted Stock Units (RSUs).
• Following the transaction, the reporting person retains beneficial ownership of 1,129,791 shares, which includes 953,028 unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction is a standard administrative procedure for tax compliance and does not reflect a change in the executive's outlook on the company.

Positives

• The transaction was a mandatory tax-related sell-to-cover event rather than a discretionary divestment of equity.
• The reporting person maintains a significant equity stake of over 1.1 million shares in the company.

Negatives

• The sale reduces the direct shareholding of the Chief Financial Officer, though the reduction is purely for tax compliance.

Risks

• Reliance on Rule 10b5-1 plans for tax obligations is standard, but market volatility during the execution window can impact the weighted average price realized.

Future Outlook

No forward-looking guidance regarding company performance was provided in this filing; it is strictly a disclosure of insider transaction activity.

Management Comments

• The sales were made pursuant to a 10b5-1 instruction letter and none of the shares were sold for any reason other than to cover required taxes and fees.

Industry Context

StockSavvy.ai notes that tax-related sell-to-cover transactions by C-suite executives are routine corporate governance events and generally do not signal a change in management sentiment regarding the company's long-term prospects.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans for tax-related sales is the industry standard for publicly traded companies to ensure compliance and avoid potential insider trading concerns.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was pre-planned and limited to tax obligations.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

FIGS, CFO, Insider Trading, Form 4, Equity Compensation, Tax Withholding, Rule 10b5-1