SCHEDULE: FIGS Inc. Shareholder Filing: Catherine Spear's Stake

Catherine Spear's Schedule 13D filing reveals beneficial ownership of 27,668,112 shares of FIGS, Inc. Class A Common Stock, representing 15.0% of the outstanding shares.

Summary

• Catherine Spear has filed an amendment to her Schedule 13D, updating her beneficial ownership of FIGS, Inc. Class A Common Stock.
• As of April 30, 2026, Spear beneficially owns 27,668,112 shares, which constitutes 15.0% of the 158,763,612 outstanding shares of Class A Common Stock.
• This ownership includes shares held directly, convertible Class B Common Stock, restricted stock units, options, shares held by trusts, and shares held by Hollywood Capital Partners LLC.
• On April 2, 2026, Spear sold 62,335 shares of Class A Common Stock at $14.44 per share to cover taxes and fees related to restricted stock units.
• The filing notes that Spear and Heather Hasson, the Issuer's Executive Chairman, are the sole members of Hollywood Capital Partners LLC, which holds 141 shares of Class A Common Stock.
• The filing also references a Voting Agreement, suggesting that certain parties may be considered a group for regulatory purposes, though Spear disclaims beneficial ownership of shares held by other parties in the group solely due to this agreement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a routine disclosure of beneficial ownership and a minor share disposal for tax purposes, without indicating significant new strategic moves or performance changes.

Positives

• Catherine Spear maintains a significant stake in FIGS, Inc., holding 15.0% of the Class A Common Stock.
• The filing provides a clear breakdown of the various forms of beneficial ownership, including direct holdings, convertible stock, RSUs, and options.
• The sale of shares on April 2, 2026, was for a specific purpose (tax coverage) and at a defined price, indicating a controlled transaction.

Negatives

• The filing does not contain any negative financial performance indicators or operational challenges.
• The sale of shares, while for tax purposes, does represent a reduction in direct holdings.

Risks

• The existence of a Voting Agreement could indicate potential for coordinated actions among shareholders, which might influence corporate governance or strategic decisions.
• The reliance on convertible Class B Common Stock and options means that the actual voting and disposal power could be subject to vesting schedules or conversion terms.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from the company. It primarily focuses on reporting current beneficial ownership and recent transactions by Catherine Spear.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for understanding significant shareholder positions and potential shifts in control or influence within a company. This filing by Catherine Spear, a substantial shareholder, provides insight into her current holdings and recent activities related to FIGS, Inc. stock.

Corporate Governance

Related Party Transactions

• Catherine Spear and Heather Hasson (Issuer's Executive Chairman) are the sole members of Hollywood Capital Partners LLC, which holds 141 shares of Class A Common Stock. This represents a related party holding of a small number of shares.

Stakeholder Impact

• Shareholders: The filing provides transparency on a significant shareholder's holdings, which can influence market perception and understanding of ownership concentration.
• Management/Board: The existence of a Voting Agreement and related party holdings (Hollywood Capital Partners LLC) may have implications for board dynamics and decision-making processes.

Next Steps

• Continued monitoring of Catherine Spear's beneficial ownership and any future amendments to Schedule 13D.
• Observation of any potential impact of the Voting Agreement on corporate actions or governance.

Key Dates

Keywords

FIGS Inc., Schedule 13D, Catherine Spear, Beneficial Ownership, Class A Common Stock, Shareholder, SEC Filing, Voting Agreement, Restricted Stock Units, Stock Options