other material
confidence high
sentiment neutral
materiality 0.75
Tulco distributes all 58M FIGS Class A shares; Tull parties own 17.5% of Class A
FIGS, Inc.
- Tulco converted 6.3M Class B shares to Class A, then distributed all 58,000,932 Class A shares to its members pro rata.
- Thomas Tull received 27,409,480 shares via distribution and purchased 253,637 shares in open market.
- Tull parties hold 27,663,117 Class A shares (17.5% of Class A, 9.8% voting power).
- Combined with founders, Tull parties represent ~53.7% of voting power.
- Tull parties joined existing Voting Agreement as Permitted Transferees.