{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-001440","form_type":"8-K","ticker":"FIGS","cik":"0001846576","company_name":"FIGS, Inc.","filed_at":"2025-01-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.261226+00:00","generated_at":"2026-05-28T02:16:58.993502+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"FIGS enters binding term sheet with Baron Capital; standstill and voting restrictions imposed","bullets":["Binding Term Sheet signed Jan 13, 2025 with Baron Capital; parties to execute a stockholders agreement.","Baron restricted from buying additional equity without consent while holding at least 17.5% of Class A common stock, excluding certain Put-Call Shares.","During standstill, Baron must vote shares exceeding 25% of outstanding in favor of company-nominated directors.","Put-Call Shares from Jan 7 agreement with Thomas J. Tull are carved out from purchase and transfer restrictions.","SHA to grant Baron customary demand, piggyback, and shelf registration rights."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-001440","json":"https://secwatch.observer/filing/0001628280-25-001440.json","markdown":"https://secwatch.observer/filing/0001628280-25-001440.md","text":"https://secwatch.observer/filing/0001628280-25-001440.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846576/000162828025001440/0001628280-25-001440-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846576/000162828025001440/figs-20250113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T02:16:58.993502+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}