Heather Hasson - 12 Aug 2025 Form 4 Insider Report for FIGS, Inc. (FIGS)

Signature
/s/ Danielle Warner as Attorney-in-Fact for Heather Hasson
Issuer symbol
FIGS
Transactions as of
12 Aug 2025
Net transactions value
$0
Form type
4
Filing time
14 Aug 2025, 16:24:26 UTC
Previous filing
05 Jun 2025
Next filing
06 Nov 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Hasson Heather L. Executive Chair, Director, 10%+ Owner C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA /s/ Danielle Warner as Attorney-in-Fact for Heather Hasson 14 Aug 2025 0001843821

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIGS Class A Common Stock Award $0 +947,868 +271% $0.000000 1,298,197 12 Aug 2025 Direct F1, F2
holding FIGS Class A Common Stock 8,338 12 Aug 2025 Held by the Heather Hasson Revocable Trust
holding FIGS Class A Common Stock 141 12 Aug 2025 Held by Hollywood Capital Partners LLC F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FIGS Stock Option (Right to Buy) Disposed to Issuer -727,097 -100% 0 12 Aug 2025 Class A Common Stock 727,097 $22.00 Direct F4, F5
transaction FIGS Stock Option (Right to Buy) Award +727,097 727,097 12 Aug 2025 Class A Common Stock 727,097 $6.63 Direct F5, F6
transaction FIGS Stock Option (Right to Buy) Disposed to Issuer -2,863,828 -100% 0 12 Aug 2025 Class A Common Stock 2,863,828 $11.79 Direct F4, F5
transaction FIGS Stock Option (Right to Buy) Award +2,863,828 2,863,828 12 Aug 2025 Class A Common Stock 2,863,828 $6.63 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Restricted Stock Units ("RSUs") vest as to 1/16th of the shares of Class A Common Stock underlying the RSUs on each quarterly anniversary following August 1, 2025, subject to the Reporting Person's continued service through the applicable vesting date.
F2 947,868 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 holds 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 an equal number of shares of Class A Common Stock, and 11,449,396 shares of the Issuer's Class A Common Stock underlying vested options, neither of which are reported on this Form 4.
F3 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.
F4 All shares underlying this option have vested.
F5 The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") effective on August 12, 2025 (the "Repricing Date"). The Option Repricing applies to (i) 727,097 fully vested options originally granted to the Reporting Person on May 26, 2021 with an original exercise price of $22.00 and (ii) 2,863,828 fully vested options originally granted to the Reporting Person on August 9, 2022 with an original exercise price of $11.79. Pursuant to the Option Repricing, the exercise prices of the repriced options have been amended to reduce the exercise price to $6.63 per share, the closing price of the Issuer's Class A Common Stock on the Repricing Date. The vesting schedules of the repriced options have also been extended as reported herein. There is no change to the expiration dates of, or number of shares underlying, the repriced options. For more information, see Part II, Item 5. "Other Information" in the Issuer's Form 10-Q filed with the SEC on 8/7/2025.
F6 The option vests and becomes exercisable in 24 equal monthly installments, with the first installment vesting on September 12, 2025.
F7 The option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on September 12, 2025.