secwatch.observer — SEC 8-K summary
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Issuer:     FIGS, Inc. (FIGS)
CIK:        0001846576
Form:       8-K
Filed at:   2021-12-10T23:59:59+00:00
Accession:  0001193125-21-353268
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIGS CFO Jeffrey Lawrence to retire Dec 24; Daniella Turenshine appointed as successor
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- Jeffrey Lawrence retires as CFO effective Dec 24, 2021; he joined in Dec 2020 to lead the IPO.
- Daniella Turenshine, SVP of Finance and Strategy since 2018, named CFO effective same date.
- Turenshine receives $500K base salary, $300K target bonus, and $10M each in stock options and RSUs.
- Lawrence receives 12-month salary continuation, COBRA, and accelerated vesting of 275,000 option shares.
- Turenshine's equity grants vest over 4 years; full acceleration upon qualifying termination after change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846576/000119312521353268/0001193125-21-353268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846576/000119312521353268/d359682d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-353268

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