Sec Form 3 Filing - Turenshine Daniella @ FIGS, Inc. - 2021-12-24

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Turenshine Daniella 2. Issuer Name and Ticker or Trading Symbol FIGS, Inc. [ FIGS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) C/O FIGS, INC. 2834 COLORADO AVENUE, SUITE 100 3. Date of Earliest Transaction (MM/DD/YY) 12/24/2021 (Street) SANTA MONICA, CA90404 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 39,513( 1 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option (Right to Buy) $ 22 ( 2 ) 05/26/2031 Class A Common Stock 50,897 D Stock Option (Right to Buy) $ 6.0222 ( 3 ) 12/26/2030 Class A Common Stock 129,375 D Stock Option (Right to Buy) $ 0.8122 ( 4 ) 09/16/2030 Class A Common Stock 38,439 D Stock Option (Right to Buy) $ 0.4589 ( 5 ) 10/09/2029 Class A Common Stock 58,131 D Stock Option (Right to Buy) $ 0.4556 ( 6 ) 12/12/2028 Class A Common Stock 37,503 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Turenshine Daniella C/O FIGS, INC. 2834 COLORADO AVENUE SUITE 100 SANTA MONICA, CA90404 Chief Financial Officer Signatures /s/ Danielle Warner as Attorney-in-Fact for Daniella Turenshine 12/28/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )6,961 of these securities are Restricted Stock Units ("RSUs"), each representing a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest in equal quarterly installments over the four-year period following June 1, 2021. ( 2 )The original (full) option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on July 1, 2021. 6,362 shares underlying the option have vested. ( 3 )The original (full) option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on January 31, 2021. 30,933 shares underlying the option have vested. ( 4 )The original (full) option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on September 26, 2020. 14,056 shares underlying the option have vested. ( 5 )The original (full) option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on October 31, 2019. 48,750 shares underlying the option have vested. ( 6 )The original (full) option vests and becomes exercisable as to 25% of the shares on November 12, 2019, and in 36 equal monthly installments thereafter. 69,375 shares underlying the option have vested.

Remarks: Table II only lists options held by the Reporting Person that have not yet been exercised. Shares of the Issuer's Class A Common Stock acquired from the exercise of options held by the Reporting Person are reflected in Table I.Exhibit 24 - Power of Attorney

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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