SCHEDULE: FIGS Inc. Insider Reports 8.4% Stake After Stock Transactions

Heather L. Hasson, a key figure at FIGS Inc., has updated her beneficial ownership filing, reporting a 8.4% stake in the company following recent stock transactions.

Summary

• Heather L. Hasson has amended her Schedule 13D filing to reflect her current beneficial ownership of FIGS, Inc. Class A Common Stock.
• As of April 30, 2026, Hasson beneficially owns 14,421,434 shares, representing 8.4% of the outstanding Class A Common Stock.
• This ownership is based on 158,763,612 shares of Class A Common Stock outstanding as of April 30, 2026, as reported in FIGS' Form 10-Q filed on May 7, 2026.
• Hasson holds sole voting and dispositive power over 14,421,293 shares.
• She is the record holder of 449,439 shares of Class A Common Stock and 1,072,846 shares of Class B Common Stock, convertible on a one-to-one basis.
• Additionally, she holds 13,389 vested restricted stock units and options to purchase 11,135,647 shares.
• Hasson may also be deemed to beneficially own shares held by various trusts and shares held by Hollywood Capital Partners LLC, in which she and Catherine Spear (CEO of FIGS) are sole members.
• A voting agreement exists among certain parties, potentially forming a group for reporting purposes, though Hasson disclaims beneficial ownership of shares held by other voting parties solely due to this agreement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily an administrative update on beneficial ownership and insider transactions rather than a reflection of new strategic initiatives or financial performance.

Positives

• Heather L. Hasson maintains a significant stake (8.4%) in FIGS, Inc., indicating continued confidence or investment.
• The filing details a substantial number of vested restricted stock units and exercisable options, suggesting potential future share acquisition and alignment with company performance.
• The company's Class A Common Stock outstanding figure is based on a recent quarterly report (May 7, 2026), providing up-to-date context for ownership percentages.

Negatives

• The filing details the disposal of 32,385 shares of Class A Common Stock by Hasson to cover taxes and fees related to restricted stock unit vesting, which could be interpreted as a reduction in direct holdings, albeit for a specific purpose.
• The existence of a voting agreement and the potential formation of a 'group' for reporting purposes can introduce complexities and potential governance considerations.

Risks

• The potential for further share disposals by insiders to cover tax liabilities or other obligations could exert downward pressure on the stock price.
• The complexity arising from the voting agreement and the definition of a 'group' could lead to scrutiny or challenges regarding control and influence.
• While not explicitly stated as a risk, the reliance on restricted stock units and options for a significant portion of Hasson's potential holdings means their value is tied to the company's stock performance.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance from the company. However, the details on vested restricted stock units and exercisable options suggest potential future share acquisitions by Heather L. Hasson, contingent on company performance and vesting schedules.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant insider and institutional ownership changes. This amendment for FIGS, Inc. highlights the ongoing management of equity-based compensation and potential strategic alignments among key stakeholders, which are common themes in the apparel and direct-to-consumer e-commerce sectors.

Corporate Governance

Related Party Transactions

• Heather L. Hasson and Catherine Spear (Issuer's Chief Executive Officer) are the sole members of Hollywood Capital Partners LLC, which holds 141 shares of Class A Common Stock. Hasson may be deemed to beneficially own these shares.

Stakeholder Impact

• Shareholders: The filing provides transparency on a significant insider's holdings and recent transactions, which can influence investor perception. The disposal of shares for tax purposes, while routine, is noted.
• Management/Employees: The details on restricted stock units and options highlight the equity-based compensation structure and its link to company performance.
• Creditors/Suppliers: No direct impact indicated in this filing.

Next Steps

• Monitoring of Heather L. Hasson's beneficial ownership and any future transactions.
• Observation of the implications of the voting agreement among parties.
• Tracking the vesting and potential exercise of stock options and restricted stock units.

Key Dates

Keywords

FIGS Inc., Schedule 13D, Insider Trading, Beneficial Ownership, Class A Common Stock, Heather L. Hasson, Stock Options, Restricted Stock Units, Voting Agreement, SEC Filing