FIGS amends office lease, consolidates HQ to fourth floor; expects cost savings

FIGS, Inc.

Lease amendment relocates from 26,118 sq ft ground floor and 20,033 sq ft sublease to 39,260 sq ft fourth floor.
Estimated relocation date on or before April 15, 2026; lease term is 91 months from relocation.
Monthly base rent $249,301 for first 12 months, rising 3% annually; seven-month rent abatement.
Original premises surrendered early without termination fee; sublease ends Jan 31, 2026 with rent-free license.
Company expects overall cost savings compared to remaining obligations for original and subleased premises.

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