---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-21-001552"
form_type: "8-K"
ticker: "FIGS"
cik: "0001846576"
company_name: "FIGS, Inc."
filed_at: "2021-08-25T23:59:59+00:00"
generated_at: "2026-06-29T07:58:01.600320+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FIGS announces early lock-up release; ~23.3M shares eligible for sale Aug 27

## Summary
- Early release conditions met Aug 24, 2021; release occurs Aug 27, 2021.
- Up to 23.3 million shares of Class A common stock become eligible for public sale.
- Early release applies to 15% of shares held by each lock-up party.
- Condition required stock close at least 33% above $22.00 for 10 of 15 consecutive trading days.
- Lock-up continues for remaining shares subject to underwriter agreements.

## SEC filing metadata
- accession: 0000950170-21-001552
- form_type: 8-K
- ticker: FIGS
- cik: 0001846576
- company_name: FIGS, Inc.
- filed_at: 2021-08-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846576/000095017021001552/0000950170-21-001552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846576/000095017021001552/figs-20210824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-21-001552
- JSON: https://secwatch.observer/filing/0000950170-21-001552.json
- Plain text: https://secwatch.observer/filing/0000950170-21-001552.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.