Catherine Spear, a director and officer of FIGS, Inc., filed a Form 144 notice of proposed sale on November 9, 2026, covering 4,044,284 shares of Class A Common Stock listed on the NYSE.

Key Highlights

  • Proposed seller: Catherine Spear, identified in the filing as both a Director and Officer of FIGS, Inc.
  • Shares proposed for sale: 4,044,284 shares of Class A Common Stock, with an aggregate market value of $79,672,395 as stated in the filing.
  • Source of shares: The filing states shares represent net shares acquired under the issuer's 2016 Equity Incentive Plan after the withholding of shares to pay option exercise costs and applicable taxes.
  • Acquisition date: Shares were acquired on November 9, 2026, through exercise of employee stock options from FIGS, Inc.
  • Approximate date of sale: November 9, 2026, through Morgan Stanley Smith Barney LLC Executive Financial Services.
  • Shares outstanding: The filing reports 157,487,979 shares of Class A Common Stock outstanding.
  • Prior three-month sales: The filing reports nothing to report under securities sold during the past three months.

Spear's Proposed Sale of FIGS Class A Shares Under Rule 144

According to the Form 144 filing submitted to the U.S. Securities and Exchange Commission, Catherine Spear, who holds roles as both Director and Officer at FIGS, Inc., proposed to sell 4,044,284 shares of the company's Class A Common Stock. FIGS, Inc., headquartered at 2834 Colorado Ave, Suite 400, Santa Monica, California, is registered with the SEC under file number 001-40448 and trades on the NYSE. The company operates under CIK 0001820448.

The filing states that the shares to be sold were acquired on November 9, 2026, through the exercise of employee stock options granted under the company's 2016 Equity Incentive Plan. The shares described represent net shares remaining after the withholding of shares to cover option exercise costs and applicable taxes, as noted in the filing. The aggregate market value of the proposed sale is listed as $79,672,395. The named broker facilitating the proposed sale is Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004.

The filing further discloses that Spear reported no sales of FIGS securities during the three months preceding this notice. By signing the Form 144, Spear represented, as stated in the filing, that she "does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed." The notice is dated November 9, 2026.

What Was Disclosed

FIGS, Inc. director and officer Catherine Spear filed a Form 144 on November 9, 2026, disclosing a proposed sale of 4,044,284 Class A Common Stock shares, acquired via stock option exercise under the company's 2016 Equity Incentive Plan, with an aggregate market value of $79,672,395.