Form 4: FIGS CFO Sells Shares for Tax Obligations

FIGS, Inc. Chief Financial Officer Sarah Oughtred sold 22,745 shares of Class A Common Stock at a weighted average price of $7.3869 to cover tax obligations from RSU vesting.

Summary

• Sarah Oughtred, Chief Financial Officer of FIGS, Inc., reported a transaction involving Class A Common Stock.
• On November 4, 2025, Oughtred disposed of 22,745 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $7.3869 per share, with prices ranging from $7.3866 to $7.4017.
• The sale was executed solely to cover required taxes and fees due upon the vesting and settlement of Restricted Stock Units (RSUs).
• This transaction was made pursuant to a Rule 10b5-1(c) instruction letter delivered to the issuer on August 13, 2024.
• Following the transaction, Oughtred beneficially owns 845,345 shares, of which 732,504 are RSUs representing a contingent right to receive Class A Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, pre-planned sale by an insider to cover tax obligations from RSU vesting, which is generally considered neutral and not indicative of a change in sentiment towards the company's prospects.

Positives

• The underlying event, the vesting and settlement of Restricted Stock Units (RSUs), represents a realization of compensation for the Chief Financial Officer.

Future Outlook

N/A. This Form 4 reports a past insider transaction and does not contain forward-looking statements or guidance.

Management Comments

• The sale of shares was solely to cover required taxes and fees due upon the vesting and settlement of Restricted Stock Units (RSUs).
• The sales were made pursuant to a 10b5-1 instruction letter delivered to the issuer on August 13, 2024.

Industry Context

N/A. This Form 4 reports an individual insider transaction and does not provide broader industry analysis.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, pre-planned sale to cover tax obligations related to RSU vesting, not a discretionary sale indicating a change in management's view of the company.

Key Dates

Recommendation

The sale by the Chief Financial Officer was explicitly stated to be for covering tax obligations arising from the vesting of Restricted Stock Units and was executed under a pre-arranged 10b5-1 plan. Such transactions are generally considered routine and non-discretionary, thus not signaling a change in management's confidence or the company's fundamentals. Investors should not interpret this as a bearish signal, and the transaction itself does not provide new information to alter an existing investment thesis.

Keywords

FIGS, insider trading, Form 4, RSU vesting, stock sale, CFO, Sarah Oughtred, 10b5-1 plan, tax obligations