Hasson Amends FIGS Stake Filing

TL;DR

Hasson updated their 13D filing for FIGS, Inc. on 3/19/24. Watch for ownership changes.

AI Summary

Heather L. Hasson, through G Squared Ascend Management I, LLC, filed an amendment to their Schedule 13D on March 19, 2024, regarding their holdings in FIGS, Inc. The filing indicates a change in the beneficial ownership of the company's Class A Common Stock. Specific details on the exact percentage change or new holdings are not fully detailed in this excerpt, but it represents an update to their previous filings.

Why It Matters

This filing signals a potential shift in significant ownership for FIGS, Inc., which could influence stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant shareholder positions, which can lead to increased stock volatility.

Key Numbers

• 20240319 — Filing Date (Date of the Schedule 13D/A amendment)

Key Players & Entities

• Heather L. Hasson (person) — Filing person
• G Squared Ascend Management I, LLC (company) — Filing entity
• FIGS, Inc. (company) — Subject company
• 30260D103 (other) — CUSIP Number for FIGS, Inc. Class A Common Stock

FAQ

Key Financial Figures

• $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class of
• $5.54 — ket transactions at prices ranging from $5.54 to $5.93 per share, solely to cover req
• $5.93 — actions at prices ranging from $5.54 to $5.93 per share, solely to cover required tax

Filing Documents

• a2024-03x19schedule13dahas.htm (SC 13D/A) — 41KB
• 0001628280-24-012002.txt ( ) — 42KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows (a) – (b) Amount beneficially owned 17,050,252 Percent of Class 9.55% Number of shares the Reporting Person has Sole power to vote or direct the vote 17,050,111 Shared power to vote 141 Sole power to dispose or direct the disposition of 17,050,111 Shared power to dispose or direct the disposition of 141 The Reporting Person is the record holder of 77,898 shares of Class A Common Stock and 1,072,846 shares of Class B Common Stock, which are convertible at any time at the option of the Reporting Person into shares of Class A Common Stock of the Issuer on a one-to-one basis. In addition, the Reporting Person holds 96,018 restricted stock units and options to purchase 14,053,377 shares of Class A Common Stock, that are vested and exercisable, respectively, within 60 days of the date hereof. The Reporting Person may also be deemed to beneficially own (i) 8,338 shares of Class A Common Stock and 1,741,634 shares of Class B Common Stock held of record by various trusts, which are convertible at any time at the option of the Reporting Person into shares of Class A Common Stock on a one-to-one basis and (ii) 141 shares of Class A Common Stock held of record by Hollywood Capital Partners LLC, of which the Reporting Person and Catherine Spear, the Issuer's Chief Executive Officer, are the sole members. The above percentage is based upon 161,627,840 shares of Class A Common Stock outstanding as of February 16, 2024 based on the Annual Report on Form 10-K filed with the SEC on February 28, 2024. In addition, as discussed in Item 2 above, by virtue of the agreements made pursuant to the Voting Agreement, the Voting Parties may be deemed to be a group for purposes of Rule 13d-3 under the Exchange Act. Except for the shares of Class A Common Stock held by Hollywood CUSIP No. 30260D103 13D Page 3 of 4 Pages Capital Partners LLC, shares beneficially owned by the other Voting Parties a

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date March 19, 2024 s Heather Hasson Heather Hasson