---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-027748"
form_type: "8-K"
ticker: "FIGS"
cik: "0001846576"
company_name: "FIGS, Inc."
filed_at: "2024-06-12T23:59:59+00:00"
generated_at: "2026-06-01T04:54:49.844586+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FIGS appoints Sarah Oughtred as CFO effective August 9, 2024

## Summary
- Sarah Oughtred joins from lululemon after 17 years; most recently SVP, FP&A.
- Base salary $500K, target bonus $300K, and $4M RSU award vesting quarterly over 4 years.
- Interim CFO Kevin Fosty will return to VP, Controller after transition.
- Oughtred played key role in lululemon revenue growth from $270M to ~$10B and store count from <50 to >700.
- Effective date August 9, 2024; start date July 29, 2024 for smooth transition.

## SEC filing metadata
- accession: 0001628280-24-027748
- form_type: 8-K
- ticker: FIGS
- cik: 0001846576
- company_name: FIGS, Inc.
- filed_at: 2024-06-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846576/000162828024027748/0001628280-24-027748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846576/000162828024027748/figs-20240607.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-027748
- JSON: https://secwatch.observer/filing/0001628280-24-027748.json
- Plain text: https://secwatch.observer/filing/0001628280-24-027748.txt

## Key facts
- Executive change
  Sarah Oughtred was appointed as Chief Financial Officer at FIGS, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On June 7, 2024, the Board of Directors (the “ Board ”) of FIGS, Inc. (the “ Company ”) appointed Sarah Oughtred to serve as the Company’s Chief Financial Officer, effective as of August 9, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846576/000162828024027748/0001628280-24-027748-index.htm
- Executive change
  Kevin Fosty changed role as VP, Controller at FIGS, Inc..
  - Action: continue
  - Role: VP, Controller
  source text: Mr. Fosty will remain serving as Interim Chief Financial Officer, principal financial officer and principal accounting officer until the Effective Date and will thereafter continue with the Company in his previous role of VP, Controller.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846576/000162828024027748/0001628280-24-027748-index.htm

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