FIGS CEO, Catherine Spear, recently sold a significant number of shares to fulfill tax obligations related to Restricted Stock Units (RSUs). On April 2, 2026, Spear executed an open-market sale of 62,335 shares at a price of $14.4389 each. This transaction was essential for addressing tax liabilities linked to her RSUs.
Details of the Share Sale
Following the sale, Catherine Spear retains a substantial amount of stock ownership. Here’s a breakdown of her holdings:
- Direct Class A Common Stock holdings: 1,794,964 shares
- Trust Class A holdings (Catherine Spear Revocable Trust): 797,073 shares
- Indirect Class A holdings via Hollywood Capital Partners LLC: 141 shares
- Class B Common Stock holdings: 5,469,161 shares (convertible into Class A shares)
- Vested options: 19,633,407 shares of Class A underlying vested stock options
Outstanding Restricted Stock Units
Currently, FIGS has a total of 1,097,946 outstanding RSUs. Each RSU entitles the holder to one Class A share of stock upon vesting. This extensive number of RSUs highlights the company’s commitment to its executives and staff, ensuring alignment between shareholder interests and executive performance.
This sale of shares by FIGS CEO Catherine Spear illustrates the ongoing financial strategies executives employ to manage their tax responsibilities while maintaining significant ownership in their company. Shareholders often scrutinize such transactions for insights into executive decision-making and company health.
