Hasson Amends FIGS Stake Filing

TL;DR

Hasson updated their 13D filing for FIGS, Inc. - watch for ownership changes.

AI Summary

Heather L. Hasson, through G Squared Ascend Management I, LLC, has amended their Schedule 13D filing for FIGS, Inc. on August 28, 2024. The filing indicates a change in beneficial ownership of FIGS, Inc. common stock, though specific new holdings or percentage changes are not detailed in this excerpt. The filing is an amendment to a previous Schedule 13D, suggesting ongoing or updated activity related to significant share ownership.

Why It Matters

This amendment signals potential shifts in significant shareholder positions, which could influence market perception and future stock performance for FIGS, Inc.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can impact stock price and investor sentiment.

Key Players & Entities

• Heather L. Hasson (person) — Filing person and authorized to receive notices
• G Squared Ascend Management I, LLC (company) — Associated entity for filing
• FIGS, Inc. (company) — Subject company
• Todd Maron (person) — Authorized to receive notices

FAQ

Key Financial Figures

• $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class of
• $5.70 — n open market transaction at a price of $5.70 per share, solely to cover required tax

Filing Documents

• a2024-08x28schedule13dahas.htm (SC 13D/A) — 37KB
• 0001628280-24-038698.txt ( ) — 39KB

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 17,673,353 Percent of Class 9.82% Number of shares the Reporting Person has Sole power to vote or direct the vote 17,673,212 Shared power to vote 141 Sole power to dispose or direct the disposition of 17,673,212 Shared power to dispose or direct the disposition of 141 The Reporting Person is the record holder of 205,262 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 7,102 restricted stock units and options to purchase 14,638,030 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 162,576,575 shares of Class A Common Stock outstanding as of July 31, 2024 based on the Quarterly Report on Form 10-Q filed with the SEC on August 8, 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 are n

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 August 28, 2024 s Heather Hasson Heather Hasson