Boardroom Alpha
Start trial
10-Q primary document
FIGS · Quarterly Report (Form 10-Q) · Filed May 7, 2026

Figs Inc — 10-Q exhibit

figs-20260331xexx102.htm
Figs Inc on Boardroom Alpha
Document

AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT

    This Amendment to Amended and Restated Employment Agreement (the “Amendment”), is made as of May 5, 2026 (the “Amendment Effective Date”), by and between FIGS, Inc. (the “Company”) and Catherine Spear (“Executive”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement (as defined below).

RECITALS

WHEREAS, the Company and Executive previously entered into that certain Amended and Restated Employment Agreement (the “Agreement”) as of May 26, 2021; and

WHEREAS, the parties hereto wish to amend certain terms of the Agreement.

AMENDMENT

The parties hereto hereby amend the Agreement as follows, effective as of the Amendment Effective Date.

1.Section 4(a). Section 4(a) of the Agreement is hereby amended and restated as follows:

“(a)    The parties acknowledge that Executive has been an employee of the Company prior to the date of this Agreement and that Executive’s at-will employment under this Agreement shall commence on the Effective Date. The Term of this Agreement shall commence on the Effective Date and continue until the tenth (10th) anniversary of the Effective Date, unless earlier terminated pursuant to this Section 4 (the “Term”). Following the natural expiration of the Term, Executive shall continue as an at-will employee of the Company. Executive’s post-termination obligations pursuant to Sections 5-8 and 10(d) of this Agreement (“Continuing Obligations”) shall survive the expiration/termination of this Agreement and/or Executive’s employment, however caused. The Company’s obligations under Section 7 shall survive the expiration/termination of this Agreement and/or Executive’s employment, however caused.”

2.This Amendment shall be and, as of the Amendment Effective Date, is hereby incorporated in and forms a part of, the Agreement.

3.Except as expressly provided herein, all terms and conditions of the Agreement shall remain in full force and effect.

(Signature page follows)



IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first written above.
COMPANY:

FIGS, Inc.


By:    /s/ Danielle Warner
Name: Danielle Warner
Title:     General Counsel


EXECUTIVE:


/s/ Catherine Spear
Catherine Spear


[Signature Page to Amendment]
Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer