<SEC-DOCUMENT>0000950170-25-005498.txt : 20250114
<SEC-HEADER>0000950170-25-005498.hdr.sgml : 20250114
<ACCEPTANCE-DATETIME>20250114173944
ACCESSION NUMBER:		0000950170-25-005498
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250114
DATE AS OF CHANGE:		20250114

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIGS, Inc.
		CENTRAL INDEX KEY:			0001846576
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-92580
		FILM NUMBER:		25530377

	BUSINESS ADDRESS:	
		STREET 1:		2834 COLORADO AVENUE
		STREET 2:		SUITE 100
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90404
		BUSINESS PHONE:		420-500-8209

	MAIL ADDRESS:	
		STREET 1:		2834 COLORADO AVENUE
		STREET 2:		SUITE 100
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90404

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tull Thomas
		CENTRAL INDEX KEY:			0001414125
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	MAIL ADDRESS:	
		STREET 1:		27 N. WACKER DRIVE #523
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<headerData>
<submissionType>SCHEDULE 13D/A</submissionType>
<previousAccessionNumber>0001341004-22-000150</previousAccessionNumber>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001414125</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>
</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>3</amendmentNo>
<securitiesClassTitle>Class A Common Stock, par value $0.0001 per share</securitiesClassTitle>
<dateOfEvent>01/11/2025</dateOfEvent>
<previouslyFiledFlag>false</previouslyFiledFlag>
<issuerInfo>
<issuerCIK>0001846576</issuerCIK>
<issuerCUSIP>30260D103</issuerCUSIP>
<issuerName>FIGS, Inc.</issuerName>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">2834 Colorado Avenue, Suite 100</street1>
<city xmlns="http://www.sec.gov/edgar/common">Santa Monica</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">CA</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">90404</zipCode>
</address>
</issuerInfo>
<authorizedPersons>
<notificationInfo>
<personName>Gregg A. Noel, Esq.</personName>
<personPhoneNum>(650) 470-4500</personPhoneNum>
<personAddress>
<street1 xmlns="http://www.sec.gov/edgar/common">Skadden, Arps, Slate, Meagher &amp; Flom LLP</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">525 University Avenue, Suite 1400</street2>
<city xmlns="http://www.sec.gov/edgar/common">Palo Alto</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">CA</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">94301</zipCode>
</personAddress>
</notificationInfo>
</authorizedPersons>
</coverPageHeader>
<reportingPersons>
<reportingPersonInfo>
<reportingPersonCIK>0001414125</reportingPersonCIK>
<reportingPersonNoCIK>N</reportingPersonNoCIK>
<reportingPersonName>Thomas J. Tull</reportingPersonName>
<memberOfGroup>a</memberOfGroup>
<fundType>OO</fundType>
<legalProceedings>N</legalProceedings>
<citizenshipOrOrganization>X1</citizenshipOrOrganization>
<soleVotingPower>8776908</soleVotingPower>
<sharedVotingPower>16918</sharedVotingPower>
<soleDispositivePower>8776908</soleDispositivePower>
<sharedDispositivePower>16918</sharedDispositivePower>
<aggregateAmountOwned>8793826</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>5.4</percentOfClass>
<typeOfReportingPerson>IN</typeOfReportingPerson>
<commentContent>The percentage in row 13 is based on 161,526,637 shares of Class A Common Stock outstanding as of October 31, 2024, as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Securities and Exchange Commission on November 7, 2024.</commentContent>
</reportingPersonInfo>
</reportingPersons>
<items1To7>
<item1>
<securityTitle>Class A Common Stock, par value $0.0001 per share</securityTitle>
<issuerName>FIGS, Inc.</issuerName>
<issuerPrincipalAddress>
<street1 xmlns="http://www.sec.gov/edgar/common">2834 Colorado Avenue, Suite 100</street1>
<city xmlns="http://www.sec.gov/edgar/common">Santa Monica</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">CA</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">90404</zipCode>
</issuerPrincipalAddress>
<commentText>Explanatory Note - This Amendment No. 3 ("Amendment No. 3") amends and supplements the statements on Schedule 13D filed on May 27, 2022, as amended by Amendment No. 1 filed on October 7, 2022 and Amendment No. 2 filed on January 10, 2025 (as amended, the "Schedule 13D"). Except as set forth herein, this Amendment No. 3 does not modify any of the information previously reported in the Schedule 13D. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.
</commentText>
</item1>
<item4>
<transactionPurpose>Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:

On January 11, 2025, pursuant to the Put-Call Agreement dated January 7, 2025 among BAMCO, Inc., a wholly-owned subsidiary of Baron Capital Group, Inc., (BAMCO, Inc. is hereinafter referred to as the "Buyer"), the Reporting Person in his individual capacity, the Reporting Person in his capacity as trustee of the Tull Family Trust, u/a/d August 1, 2005, as amended, and First Light Investors, LLC (collectively with the Reporting Person and the Tull Family Trust, u/a/d August 1, 2005, as amended, the "Sellers"), the Sellers exercised the right to require the Buyer to purchase from the Sellers 19,039,999 shares of Class A Common Stock at a price equal to $6.25 per share.

On January 13, 2025, the transfer of the 19,039,999 shares of Class A Common Stock from the Reporting Person to the Buyer was completed.
</transactionPurpose>
</item4>
<item5>
<percentageOfClassSecurities>Items 5(a)-(b) of the Schedule 13D are hereby amended and restated as follows:

The information in Item 4 of this Schedule 13D is incorporated herein by reference.

(a) - (b) Calculations of the percentage of Class A Common Stock beneficially owned is based on 161,526,637 shares of Class A Common Stock outstanding as of October 31, 2024, as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Securities and Exchange Commission on November 7, 2024.

The aggregate number and percentage of the Class A Common Stock beneficially owned by the Reporting Person and, for such Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference.
</percentageOfClassSecurities>
<numberOfShares>As of the date hereof, (i) the Reporting Person directly holds 2,101,277 shares of Class A Common Stock, (ii) the Tull Family Trust, u/a/d August 1, 2005, as amended, of which the Reporting Person is the trustee, directly holds 6,675,631 shares of Class A Common Stock, and (iii) First Light Investors, LLC, an entity which is controlled by the Reporting Person's spouse, directly holds 16,918 shares of Class A Common Stock and over which the Reporting Person may be deemed to have shared investment and voting power. </numberOfShares>
</item5>
<item6>
<contractDescription>Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following:

The information in Item 4 of this Schedule 13D is hereby incorporated by reference into this Item 6.
</contractDescription>
</item6>
</items1To7>
<signatureInfo>
<signaturePerson>
<signatureReportingPerson>Thomas J. Tull</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Thomas J. Tull</signature>
<title>Thomas J. Tull</title>
<date>01/14/2025</date>
</signatureDetails>
</signaturePerson>
</signatureInfo>
</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
