Form 4: FIGS Executive Chair Sells Shares for Tax Obligations

FIGS Executive Chair Heather Hasson sold 23,356 Class A Common Stock shares at a weighted average price of $7.3869 to cover tax obligations from RSU vesting.

Summary

• Heather L. Hasson, Executive Chair, Director, and 10% Owner of FIGS, Inc., reported a transaction on November 4, 2025.
• The transaction involved the sale of 23,356 shares of Class A Common Stock at a weighted average price of $7.3869 per share.
• These sales were executed solely to satisfy tax obligations arising from the vesting and settlement of Restricted Stock Units (RSUs).
• The sales were pre-arranged under a Rule 10b5-1 instruction letter delivered to the issuer on May 9, 2023.
• Following the transaction, Hasson directly beneficially owns 1,274,841 shares of Class A Common Stock, including 888,627 RSUs.
• Indirect beneficial ownership includes 8,338 Class A Common Stock through the Heather Hasson Revocable Trust and 141 Class A Common Stock through Hollywood Capital Partners LLC (with beneficial ownership disclaimed except for pecuniary interest).
• Additionally, Hasson beneficially owns 2,814,480 shares of Class B Common Stock (convertible to Class A) and 11,629,313 shares of Class A Common Stock underlying vested options.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned insider sale to cover tax obligations from RSU vesting. This is a neutral event and does not reflect positively or negatively on the company's operational performance or future prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a sale of shares to cover tax liabilities upon RSU vesting. Such transactions are common for executives receiving equity compensation and are typically pre-scheduled under Rule 10b5-1 plans to avoid accusations of trading on material non-public information. It does not provide insights into broader industry trends or competitive positioning.

Related Party Transactions

• Heather Hasson holds Class A Common Stock indirectly through the Heather Hasson Revocable Trust (8,338 shares) and Hollywood Capital Partners LLC (141 shares), where she is a managing member and disclaims beneficial ownership except for her pecuniary interest.

Stakeholder Impact

• Shareholders: The sale is a routine, non-discretionary event for tax purposes and is unlikely to have a significant impact on shareholder sentiment or the company's valuation. It represents a minor reduction in direct beneficial ownership by a key executive, offset by substantial remaining holdings and options.

Key Dates

Keywords

FIGS, Heather Hasson, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Obligations, 10b5-1 Plan, Executive Compensation