FIGS, Inc. announced that on February 26, 2024, the Company?s Chief Financial Officer, Daniella Turenshine, notified the Company of her decision to resign effective April 12, 2024, to assume a role as a chief financial officer at another company. Ms. Turenshine will remain in her current role at the Company through the Effective Date and plans to serve as an advisor to the Company for as long as necessary thereafter to ensure a smooth transition. Ms. Turenshine?s resignation is not the result of any disagreement with the Company on any matters related to its financial reporting, operations, policies or practices.

The Board of Directors of the Company designated Kevin Fosty, the Company?s VP, Controller, to serve as the Company?s Interim Chief Financial Officer on an interim basis, effective as of the Effective Date, while the Company engages in a search process to fill the Chief Financial Officer role on a permanent basis. Mr. Fosty, age 52, has served as the Company?s VP, Controller since April 2021. In this role, he has been responsible for the Company?s accounting, financial reporting, tax and financial controls.

Prior to joining the Company, from July 2011 to April 2021, Mr. Fosty served as senior director at The Siegfried Group, LLP, within the finance and corporate accounting group, providing controllership function leadership to private and public companies, including Alight, Inc. (formerly a Blackstone LLP portfolio company), Neogenomics, Inc., Stitch Fix, Inc. and Square, Inc. Before that, Mr. Fosty served as corporate controller and chief financial officer for Evolution Resources, Inc. Earlier in his career, Mr. Fosty served in roles in corporate finance and M&A advisory at advisory and consulting firms FTI Consulting, Inc. and Deloitte, LLP, and in audit functions at KPMG, LLP and Arthur Andersen, LLP, where he began his career. Mr. Fosty holds a B.A. in Accounting from the University of Manitoba and is a Certified Public Accountant.