secwatch.observer — SEC 8-K summary
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Issuer:     FIGS, Inc. (FIGS)
CIK:        0001846576
Form:       8-K
Filed at:   2021-08-25T23:59:59+00:00
Accession:  0000950170-21-001552
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846576/000095017021001552/0000950170-21-001552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846576/000095017021001552/figs-20210824.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-001552

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer