# EDGAR Filing Document

**Accession Number:** 0001846576
**File Stem:** 0001843821-25-000004
**Filing Date:** 2025-8
**Character Count:** 8904
**Document Hash:** f27511c0af14916ca29a83d177e17ddd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001843821-25-000004.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001843821-25-000004

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250812

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Hasson Heather L.
- **CENTRAL INDEX KEY:** 0001843821

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40448
- **FILM NUMBER:** 251219708

**MAIL ADDRESS:**
- **STREET 1:** C/O G SQUARED ASCEND MANAGEMENT I, LLC
- **STREET 2:** 205 N MICHIGAN AVENUE SUITE 3770
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIGS, Inc.
- **CENTRAL INDEX KEY:** 0001846576
- **STANDARD INDUSTRIAL CLASSIFICATION:** APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 2834 COLORADO AVENUE
- **STREET 2:** SUITE 100
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
- **BUSINESS PHONE:** 420-500-8209

**MAIL ADDRESS:**
- **STREET 1:** 2834 COLORADO AVENUE
- **STREET 2:** SUITE 100
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Hasson Heather L.<br><sub>(Last) (First) (Middle)</sub><br>C/O FIGS, INC., 2834 COLORADO AVENUE<br>SUITE 100<br><sub>(Street)</sub><br>SANTA MONICA, CA 90404<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-08-12 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Executive Chair_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>FIGS, Inc. [ FIGS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2025-08-12 |  | A |  | 947868<sup>(1)</sup> | A | $0 | 1298197<sup>(2)</sup> | D |  |
| Class A Common Stock |  |  |  |  |  |  |  | 8338 | I | Held by the Heather Hasson Revocable Trust |
| Class A Common Stock |  |  |  |  |  |  |  | 141<sup>(3)</sup> | I | Held by Hollywood Capital Partners LLC |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option (Right to Buy) | $22 | 2025-08-12 |  | D |  |  | 727097 | <sup>(4)</sup> | 2031-05-25 | Class A Common Stock | 727097 | <sup>(5)</sup> | 0 | D |  |
| Stock Option (Right to Buy) | $6.63 | 2025-08-12 |  | A |  | 727097 |  | <sup>(6)</sup> | 2031-05-25 | Class A Common Stock | 727097 | <sup>(5)</sup> | 727097 | D |  |
| Stock Option (Right to Buy) | $11.79 | 2025-08-12 |  | D |  |  | 2863828 | <sup>(4)</sup> | 2032-08-08 | Class A Common Stock | 2863828 | <sup>(5)</sup> | 0 | D |  |
| Stock Option (Right to Buy) | $6.63 | 2025-08-12 |  | A |  | 2863828 |  | <sup>(7)</sup> | 2032-08-08 | Class A Common Stock | 2863828 | <sup>(5)</sup> | 2863828 | D |  |

---

### Footnotes:

(1) 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.

(2) 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.

(3) 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.

(4) All shares underlying this option have vested.

(5) 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.

(6) The option vests and becomes exercisable in 24 equal monthly installments, with the first installment vesting on September 12, 2025.

(7) The option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on September 12, 2025.

**Signature:** /s/ Danielle Warner as Attorney-in-Fact for Heather Hasson  
**Date:** 2025-08-14

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**