Spear Catherine Eva Sells 4,044,284 FIGS Shares In A Block Trade
Her remaining 11.2% beneficial stake includes options covering 11,484,680 shares and convertible Class B stock.
Spear Catherine Eva sold 4,044,284 shares of FIGS, which designs and sells apparel for healthcare professionals, to a broker in a block trade Monday at $19.70 per share. Her SEC ownership amendment filed Tuesday put her remaining beneficial ownership at 11.2% of Class A, including options and stock convertible into that class.
Options Dominate The Reported Holding
Spear reported beneficial ownership equivalent to 19,484,976 Class A shares. That includes 11,484,680 option shares exercisable within 60 days, so the total is broader than stock she currently holds.
Her direct holdings were 1,612,941 Class A shares and 1,352,608 Class B shares. She can convert the Class B stock into Class A one for one. Another 120,980 restricted stock units — awards that become shares when they vest — fall within the 60-day window.
Various trusts held 797,073 Class A shares and 4,116,553 Class B shares that Spear may be deemed to beneficially own. Those Class B shares also carry the one-for-one conversion right.
The total also includes 141 Class A shares held by Hollywood Capital Partners LLC. Spear and FIGS Executive Chairman Heather Hasson are its sole members.
The 11.2% calculation uses a base of 157,487,979 Class A shares outstanding as of October 29, plus securities attributable to Spear that can become Class A shares within 60 days. It therefore measures her beneficial stake on a different basis from currently outstanding stock alone.
Scrubs Anchor FIGS' Business
FIGS sells primarily through its website and mobile app, with physical stores called Community Hubs alongside those channels. Its TEAMS business supplies uniforms to healthcare institutions, medical offices and clinics.
Core scrubwear generated over 60% of net revenues in 2025. The broader range includes lab coats, outerwear, footwear, compression socks and loungewear; FIGS handles most design work in-house and relies on third-party manufacturers for production.
The company had approximately 2.9 million active customers as of December 31, 2025, and operates five Community Hubs. Its market value was $3.6 billion in Tuesday's report, dated 4:41 p.m. ET.
Spear's ownership reporting for FIGS began with her original SEC ownership filing on May 26, 2022.
