Home > Insider Trading > Filing (0000899243-21-021677)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1846576	Figs Inc.	FIGS	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1414125	Thomas Tull	61 E. Colorado Blvd., Unit 200 Pasadena CA 91105		No	No	Yes	No
1864758	Tulco, Llc	61 E. Colorado Blvd., Unit 200 Pasadena CA 91105		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2021-06-01	25,707,953	$22.00	64,367,602	No	4	S	Direct
Class A Common Stock	Disposition	2021-06-01	6,300,000	$0.00	58,067,602	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	J	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Acquisiton	2021-06-01	6,300,000	$0.00	6,300,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,300,000			No	4	J	Direct

Footnotes

Thomas J. Tull, founder, Chairman and Chief Executive Officer of Tulco, LLC and a member of its board of directors, may control Tulco, LLC. Mr. Tull may be deemed to have or share beneficial ownership of the Class A and Class B common stock held directly by Tulco, LLC. Mr. Tull disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Immediately prior to the completion of the Issuer's initial public offering of Class A Common stock, the shares of the Issuer's Class A Common Stock held by Tulco, LLC were exchanged at a 1:1 ratio for shares of the Issuer's Class B Common Stock pursuant to an exchange agreement between the Issuer and Tulco, LLC, as previously approved by the Issuer's board of directors.
Each share of Class B Common Stock is convertible at any time at the option of Tulco, LLC into one share of Class A Common Stock. In addition, each share of Class B common stock will automatically convert into one share of Class A Common Stock upon transfer or certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. All shares of Class B Common Stock, if not previously converted, will automatically convert into Class A Common Stock on June 1, 2031.