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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FIGS, Inc. amended First Amendment to Office Lease with 2834 Colorado Avenue, LLC valued at monthly base rent for the Relocated Premises is $249,301 for the first twelve months (effective 2025-12-09).

Action: amendment
Agreement: lease
Counterparty: 2834 Colorado Avenue, LLC
Value: monthly base rent for the Relocated Premises is $249,301 for the first twelve months
Effective: 2025-12-09

Exact text from the filing

On December 9, 2025, FIGS, Inc. (the “ Company ”) entered into a First Amendment to Office Lease (the “ First Amendment ”) with 2834 Colorado Avenue, LLC, a Delaware limited liability company (the “ Landlord ”), amending that certain Office Lease, by and between the Company and Landlord, dated as of November 26, 2018

View on SEC.gov

Browse all material agreements →

FIGS, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-057032

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.