Filing Details
- Accession Number:
- 0001628280-23-024864
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-07-13 17:24:13
- Reporting Period:
- 2023-07-11
- Accepted Time:
- 2023-07-13 17:24:13
- SEC Url:
- Form 4 Filing
Issuer
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1843821 | L. Heather Hasson | C/O Figs, Inc., 2834 Colorado Avenue Suite 100 Santa Monica CA 90404 | Executive Chair | Yes | Yes | 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 | Acquisiton | 2023-07-11 | 11,347 | $0.85 | 1,342,489 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-07-11 | 11,347 | $8.01 | 1,331,142 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2023-07-12 | 4,931 | $0.85 | 1,336,073 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-07-12 | 4,931 | $8.07 | 1,331,142 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2023-07-13 | 43,995 | $0.85 | 1,375,137 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-07-13 | 43,995 | $8.05 | 1,331,142 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Stock Option (Right to Buy) | Disposition | 2023-07-11 | 11,347 | $0.00 | 11,347 | $0.85 |
| Class A Common Stock | Stock Option (Right to Buy) | Disposition | 2023-07-12 | 4,931 | $0.00 | 4,931 | $0.85 |
| Class A Common Stock | Stock Option (Right to Buy) | Disposition | 2023-07-13 | 43,995 | $0.00 | 43,995 | $0.85 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 390,710 | 2028-02-21 | No | 4 | M | Direct | |
| 385,779 | 2028-02-21 | No | 4 | M | Direct | |
| 341,784 | 2028-02-21 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 8,338 | Indirect | Held by the Heather Hasson Revocable Trust |
| Class A Common Stock | 141 | Indirect | Held by Hollywood Capital Partners LLC |
Footnotes
- The reported sale occurred pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 3/16/2023, as previously disclosed on her Schedule 13D/A filed on 3/21/2023.
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.02 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.19 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.095 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- All but 264,045 of these securities are Restricted Stock Units ("RSUs"), each representing a contingent right to receive one share of the Issuer's Class A Common Stock. Upon vesting and settlement of certain of the RSUs, certain shares of the Issuer's Class A Common Stock held by the Reporting Person may be exchanged at a 1:1 ratio for shares of the Issuer's Class B Common Stock at the election of the Reporting Person pursuant to an equity award exchange right agreement between the Issuer and the Reporting Person. In addition to the securities reported in this column, the Reporting Person beneficially owns 2,617,943 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 one share of Class A Common Stock, and 12,942,820 shares of the Issuer's Class A Common Stock underlying vested options (inclusive of those reported in column 9 of Table II).
- 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.
- All shares underlying this option have vested.
Billionaire Hedge Funds
