On June 7, 2024, the Board of Directors of FIGS, Inc. appointed Sarah Oughtred to serve as the Company?s Chief Financial Officer, effective as of August 9, 2024, succeeding Kevin Fosty, who has been serving in the role on an interim basis while the Company engaged in a search process for a permanent Chief Financial Officer. In order to facilitate a smooth transition, Ms. Oughtred is expected to commence employment on July 29, 2024 and to assume the roles of Chief Financial Officer, principal financial officer and principal accounting officer on the Effective Date. Mr. Fosty will remain serving as Interim Chief Financial Officer, principal financial officer and principal accounting officer until the Effective Date and will thereafter continue with the Company in his previous role of VP, Controller.

Ms. Oughtred, age 42, has served in roles of increasing responsibility within the finance department at Lululemon Athletica Inc., a multinational athletic apparel retailer, since 2007, most recently serving as SVP, FP&A from August 2021 to June 2024, and as VP, FP&A from October 2018 to August 2021. In her latest role at Lululemon, Ms. Oughtred led a global team of over 100 finance team members, served as a key partner to the senior executive team, drove the financial component of strategic and operational planning and led the company's annual and quarterly financial planning and earnings processes. Before Lululemon, Ms. Oughtred spent three years at PricewaterhouseCoopers LLP in the audit and assurance practice.

Ms. Oughtred holds a Bachelor?s of Commerce from the University of Victoria, a Master?s of Professional Accounting from the University of Saskatchewan and a Chartered Professional Accountant designation in Canada.