Form Type: 4

SEC EDGAR Link
Accession Number:0001628280-22-031449
Date:2022-12-02
Issuer: FIGS, INC. (FIGS)
Original Submission Date:

Reporting Person:

HASSON HEATHER L.
C/O FIGS, INC., 2834 COLORADO AVENUE
SUITE 100 SANTA MONICA, CA 90404

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2022-12-02 J 169,076 d $0.00 1,735,914 direct
CLASS A COMMON STOCK 2022-12-02 0 $0.00 8,338 indirect
CLASS A COMMON STOCK 2022-12-02 0 $0.00 141 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
CLASS B COMMON STOCK 0.0 2022-12-02 deemed execution date J 169,076 (a) class a common stock 169,076 $0.00 676,304 direct
CLASS B COMMON STOCK 0.0 deemed execution date 0 ( ) class a common stock 942,453 $0.00 942,453 indirect held by the maple tree irrevocable trust u/a/d 10/16/2020
CLASS B COMMON STOCK 0.0 deemed execution date 0 ( ) class a common stock 799,181 $0.00 799,181 indirect held by the heather hasson revocable trust
Footnotes
IDfootnote
f1 this form 4 does not concern the sale of any shares. it only concerns the exchange by the reporting person of certain shares of the issuer's class a common stock for shares of the issuer's class b common stock. see additional footnotes below for more information
f2 upon vesting and settlement of rsus for shares of the issuer's class a common stock, such shares were 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 (the "equity award exchange right agreement").
f3 all but 124,425 of these securities are 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 the equity award exchange right agreement.
f4 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.
f5 each share of class b common stock is convertible at any time at the option of the reporting person 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.
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