Form 4: FIGS Inc. Executive Chair Heather Hasson Sells Shares to Cover Tax Obligations

Heather Hasson, Executive Chair of FIGS Inc., sold shares of Class A Common Stock to cover tax obligations related to the vesting and settlement of Restricted Stock Units (RSUs).

Summary

• Heather Hasson, the Executive Chair of FIGS, Inc., reported a transaction involving the sale of 38,575 shares of Class A Common Stock on November 6, 2024, at a price of $6.3246 per share.
• The sale was executed to cover tax obligations arising from the vesting and settlement of Restricted Stock Units (RSUs).
• The shares were sold pursuant to a pre-arranged 10b5-1 trading plan established on May 9, 2023.
• Following the transaction, Hasson directly owns 384,152 shares of Class A Common Stock.
• Hasson also indirectly owns 8,338 shares through the Heather Hasson Revocable Trust and 141 shares through Hollywood Capital Partners LLC.
• In addition, Hasson beneficially owns 2,814,480 shares of Class B Common Stock and 14,736,782 shares of Class A Common Stock underlying vested options.

Sentiment

Score: 6

Explanation: The document is neutral. It simply reports a transaction related to tax obligations, which is a routine event. There is no indication of positive or negative sentiment.

Future Outlook

There is no future outlook provided in this document.

Industry Context

Sales of shares by company executives to cover tax obligations related to vesting equity are common and generally don't indicate a change in the executive's long-term outlook for the company.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it was for tax purposes and pre-planned.

Key Dates