Form 4: FIGS Executive Heather Hasson Reports Stock Transactions

Heather Hasson, Executive Chairman and Director of FIGS, Inc., has filed a Form 4 detailing transactions related to the vesting and settlement of Restricted Stock Units (RSUs) and the subsequent withholding of shares for tax obligations.

Summary

• Heather Hasson, Executive Chairman and Director of FIGS, Inc., reported transactions on July 1, 2026, related to the vesting and settlement of Restricted Stock Units (RSUs).
• This filing does not involve the sale of any shares but rather the withholding of shares to satisfy tax obligations arising from the RSU vesting.
• Following these transactions, Hasson directly owns 1,426,994 shares of Class A Common Stock.
• Additionally, she beneficially owns 8,338 shares indirectly through the Heather Hasson Revocable Trust and 141 shares indirectly through Hollywood Capital Partners LLC.
• The filing also notes that Hasson beneficially owns 2,814,480 shares of Class B Common Stock (convertible to Class A) and holds options for 11,135,647 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine stock transactions related to executive compensation and tax obligations, rather than significant strategic or financial performance indicators.

Positives

• The reporting person, Heather Hasson, continues to hold a significant number of shares, indicating ongoing commitment to the company.
• The transactions are related to RSU vesting, which is a standard form of executive compensation and implies the achievement of performance or service conditions.
• Hasson's direct and indirect beneficial ownership remains substantial, reflecting a strong alignment of interests with shareholders.

Negatives

• Shares were withheld to cover tax obligations, which represents a reduction in the net shares received by the reporting person.
• The filing does not provide specific details on the value of the RSUs vested or the tax amount withheld.

Risks

• While not explicitly stated as a risk in this filing, the reliance on stock-based compensation for executives can be subject to market volatility and impact the perceived value of compensation.
• The significant number of convertible Class B shares and options held by Hasson could lead to future dilution if exercised or converted.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions related to RSU vesting and tax withholding.

Management Comments

• "THIS FORM 4 DOES NOT CONCERN THE SALE OF ANY SHARES. IT ONLY CONCERNS THE VESTING AND SETTLEMENT OF RESTRICTED STOCK UNITS ("RSUs") AND THE RELATED WITHHOLDING OF SHARES TO SATISFY THE TAX OBLIGATION OWED IN CONNECTION THEREWITH."
• "Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs previously granted to the Reporting Person."
• "970,979 of these securities are RSUs, each representing a contingent right to receive one share of the Issuer's Class A Common Stock."
• "In addition to the securities reported in this column, the Reporting Person beneficially owns 2,814,480 shares of the Issuer's Class B Common Stock directly and indirectly through various trusts, which are convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and 11,135,647 shares of the Issuer's Class A Common Stock underlying vested options."
• "The Reporting Person is a managing member of Hollywood Capital Partners LLC and disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein."

Industry Context

StockSavvy.ai notes that Form 4 filings are routine for executives and directors, detailing changes in their beneficial ownership of company stock. This specific filing from FIGS, Inc. highlights standard executive compensation practices involving Restricted Stock Units (RSUs) and the associated tax implications, which are common across the apparel and direct-to-consumer sectors.

Stakeholder Impact

• Shareholders: The filing confirms the continued significant holdings of a key executive, aligning her interests with shareholders. The withholding of shares for taxes does not represent a sale of stock by the executive.
• Employees: The RSU vesting indicates the company's use of equity-based compensation, which can be a factor in employee retention and motivation.
• Management: The transactions reflect standard executive compensation practices and the tax liabilities associated with them.

Key Dates

Keywords

FIGS Inc., Heather Hasson, Form 4, SEC Filing, Restricted Stock Units, RSU Vesting, Stock Options, Beneficial Ownership, Executive Compensation, Class A Common Stock, Class B Common Stock