FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Spear Catherine Eva

(Last) (First) (Middle)
C/O FIGS, INC., 2834 COLORADO AVENUE
SUITE 400

(Street)
SANTA MONICA CA 90404

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIGS, Inc. [ FIGS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/09/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 11/09/2026 (1)   M   7,695,000 A $ 0.85 9,366,854 D  
Class A Common Stock 11/09/2026   M   900,000 A $ 1.37 10,266,854 D  
Class A Common Stock 11/09/2026   F   4,550,716 (2) D $ 21.58 5,716,138 D  
Class A Common Stock 11/09/2026   S   4,044,284 D $ 19.7 1,671,854 (3) D  
Class A Common Stock               797,073 I Held by the Catherine Spear Revocable Trust
Class A Common Stock               141 (4) I Held by Hollywood Capital Partners LLC
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 0.85 11/09/2026   M     7,695,000   (5) 02/21/2028 Class A Common Stock 7,695,000 $ 0 0 D  
Stock Option (Right to Buy) $ 1.37 11/09/2026   M     900,000   (5) 06/26/2028 Class A Common Stock 900,000 $ 0 0 D  
Explanation of Responses:
1. This Form 4 concerns (i) the exercise of options to purchase shares of the Issuer's Class A Common Stock that were due to expire in February 2028 and June 2028, respectively, (ii) the related withholding of shares by the Issuer upon the net exercise of such options to pay the exercise prices and required tax withholdings and (iii) the sale of the net shares in a block sale. Prior to such sale, the Reporting Person had not sold any shares of the Issuer's common stock (excluding sales solely to cover required taxes and fees due upon the vesting and settlement of Restricted Stock Units ("RSUs")) since September 2021.
2. Represents shares that have been withheld by the Issuer upon the net exercise of stock options and used to pay the exercise prices and required tax withholdings. Does not represent a sale by the Reporting Person.
3. 855,987 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 beneficially owns 5,469,161 shares of the Issuer's Class B Common Stock directly and indirectly through various trusts, each of which is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock, and 11,389,366 shares of the Issuer's Class A Common Stock underlying vested options.
4. 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.
5. All shares underlying this option have vested.
/s/ Danielle Warner as Attorney-in-Fact for Catherine Spear 11/09/2026
** Signature of Reporting Person Date
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).
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