[144] FIGS, Inc. SEC Filing
Rhea-AI Filing Summary
FIGS submitted a notice under Rule 144 reporting planned disposition of Class A common stock. The filing lists securities to be sold following an exercise of employee stock options on 03/02/2026, described as "net shares acquired...after the withholding of shares to pay option exercise costs and applicable taxes." The filing also reports a prior sale of 22,874 shares on 02/05/2026 and a reported beneficial ownership of 241,549 shares.
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Insights
Rule 144 notice records planned resale tied to option exercise, with a recent prior sale reported.
The filing lists a planned sale of Class A common stock following an option exercise on 03/02/2026, with the company describing the shares as "net shares acquired" after withholding to cover exercise costs and taxes. This language indicates the transaction stems from an equity compensation event rather than an open-market purchase.
Reported past activity includes a sale of 22,874 shares on 02/05/2026 and a stated beneficial ownership of 241,549 shares. Timing and exact amounts to be sold under the Rule 144 notice are shown as the exercise-derived shares on 03/02/2026.
The notice ties the resale to exercised option shares withheld for costs and taxes.
The statement "represents net shares acquired under the Issuer's 2016 Equity Incentive Plan after the withholding of shares to pay option exercise costs and applicable taxes" explains the source of the shares as net settlement of option exercises rather than a cash purchase.
Such filings commonly precede open-market sales under Rule 144; the filing shows prior dispositions by the same reporting person, which may affect available resale mechanics and lockup considerations in subsequent reports.