Form 4: FIGS Director Kenneth Lin Receives Equity Grant

Director Kenneth Lin was granted 15,456 restricted stock units as part of the FIGS, Inc. non-employee director compensation program.

Summary

• Director Kenneth Lin received an annual equity grant of 15,456 restricted stock units (RSUs).
• The grant was issued automatically following the company's 2026 annual meeting of stockholders.
• The RSUs are scheduled to vest in full on the earlier of the one-year anniversary of June 3, 2026, or the date of the next annual meeting.
• Following this transaction, the director's total beneficial ownership stands at 161,705 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Standardized, transparent compensation process under the Non-Employee Director Compensation Program.

Negatives

• None identified; this is a routine compensatory disclosure.

Risks

• Vesting is contingent upon the director's continued service through the applicable vesting date.

Future Outlook

The RSUs will vest in full on the earlier of June 3, 2027, or the date of the 2027 annual meeting of stockholders, provided the director remains in service.

Industry Context

StockSavvy.ai notes that annual equity grants for non-employee directors are standard corporate governance practice in the retail and apparel sector to ensure long-term alignment with shareholder value.

Comparison to Industry Standards

• The grant structure aligns with standard practices for publicly traded companies of similar market capitalization.
• The use of RSUs as a primary vehicle for director compensation is consistent with industry benchmarks for executive and board retention.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensatory event.

Next Steps

• Vesting of the 15,456 RSUs on or before the 2027 annual meeting.

Key Dates

Keywords

FIGS, Director Compensation, Equity Grant, Insider Ownership, RSU