Spear Catherine Eva's Form 4 filing
FIGS, Inc. (FIGS) · filed Sep 20, 2021
- Accession no.
- 0000899243-21-036683
- Filed
- Sep 20, 2021
- Trade date
- Jul 1-Sep 20, 2021
- Filing delay
- 81 daysLate
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 non-derivative transactions and 5 derivative transactions. Open-market sales total $59.1M. It was filed 81 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Spear Catherine EvaCIK 0001820448 | Director, Officer (Co-Chief Executive Officer), 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 20, 2021 | Class A Common Stock | CConversionAcquired | +1,468,324 | –F1 | – | 1,468,324 | Indirect | |
| Sep 20, 2021 | Class A Common Stock | SSaleDisposed | −1,468,324 | $40.25 | −$59,100,041 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 1, 2021 | Class A Common Stock | GGiftDisposed | −319,734 | –F3 | – | 983,016 | Indirect | |
| Jul 1, 2021 | Class A Common Stock | GGiftAcquired | +319,734 | –F3 | – | 2,619,810 | Indirect | |
| Jul 1, 2021 | Class A Common Stock | GGiftDisposed | −319,734 | –F3 | – | 983,016 | Indirect | |
| Jul 1, 2021 | Class A Common Stock | GGiftAcquired | +319,734 | –F3 | – | 2,939,544 | Indirect | |
| Sep 20, 2021 | Class A Common Stock | CConversionDisposed | −1,468,324 | $0.00 | $0 | 1,471,220 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On September 20, 2021, the Reporting Person directed the sale of 1,468,324 shares of her Class B Common Stock, resulting in the automatic conversion of such shares of Class B Common Stock at a 1:1 ratio into shares of the Issuer's Class A Common Stock upon execution of the sale and pursuant to the terms of the Issuer's Amended and Restated Certificate of Incorporation.
Referenced by the price of 1 transaction in Table I.
- F3
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.
Referenced by the price of 4 transactions in Table II.