UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
FIGS, Inc.
(Name of Issuer)
Class A Common Stock, $0.0001 par value per share
(Title of Class of Securities)
30260D103
(CUSIP Number)
Todd Maron
c/o FIGS, Inc.
2834 Colorado Avenue, Suite 100
Santa Monica, CA 90404
(424) 300-8330
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Authorized to Receive Notices and Communications)
August 26, 2024
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
_____________
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 30260D103 | 13D | Page 1 of 4 Pages | ||||||
| 1 | Names of Reporting Persons Heather Hasson | |||||||
| 2 | Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] | |||||||
| 3 | SEC Use Only | |||||||
| 4 | Source of Funds (See Instructions) OO | |||||||
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) [ ] | |||||||
| 6 | Citizenship or Place of Organization United States | |||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | Sole Voting Power 17,673,212 | ||||||
| 8 | Shared Voting Power 141 | |||||||
| 9 | Sole Dispositive Power 17,673,212 | |||||||
| 10 | Shared Dispositive Power 141 | |||||||
| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person 17,673,353 | |||||||
| 12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] | |||||||
| 13 | Percent of Class Represented by Amount in Row (11) 9.82% | |||||||
| 14 | Type of Reporting Person IN | |||||||
| CUSIP No. 30260D103 | 13D | Page 2 of 4 Pages | ||||||
EXPLANATORY NOTE
This Amendment No. 7 to Schedule 13D amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission (the “SEC”) on May 26, 2022 (as amended, the “Schedule 13D”), relating to the Class A Common Stock, $0.0001 par value per share (the “Class A Common Stock”), of FIGS, Inc., a Delaware corporation (the “Issuer”). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
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 not the subject of this Schedule 13D and accordingly, none of the other Voting Parties are included as reporting persons herein. The Reporting Person expressly disclaims beneficial ownership over any shares of Class A Common Stock that are beneficially owned by the other Voting Parties in the group and that it may be deemed to beneficially own solely by reason of the Voting Agreement.
(c) During the past 60 days, the Reporting Person disposed of 40,149 shares of Class A Common Stock in an open market transaction at a price of $5.70 per share, solely to cover required taxes and fees due upon the vesting and settlement of restricted stock units.
(d) None.
(e) Not applicable.
| CUSIP No. 30260D103 | 13D | Page 4 of 4 Pages | ||||||
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