secwatch.observer — SEC 8-K summary
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Issuer:     FIGS, Inc. (FIGS)
CIK:        0001846576
Form:       8-K
Filed at:   2022-03-23T23:59:59+00:00
Accession:  0000950170-22-004434
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tulco distributes all 58M FIGS Class A shares; Tull parties own 17.5% of Class A
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846576/000095017022004434/0000950170-22-004434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846576/000095017022004434/figs-20220321.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-004434

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