Form 4: Director Andrew Reed Receives Figma Restricted Stock Units

Figma director Andrew Reed was granted 12,415 restricted stock units as part of his compensation package.

Summary

• Director Andrew Reed acquired 12,415 restricted stock units (RSUs) of Figma, Inc. Class A Common Stock.
• The transaction occurred on June 2, 2026, at a price of $0 per share.
• The RSUs vest in full on the earlier of the first anniversary of the grant date or the date of the next annual meeting of stockholders, contingent on continued service.
• The filing also discloses significant indirect beneficial ownership of Figma shares held by various Sequoia Capital-affiliated entities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation and ownership disclosure, carrying no significant market sentiment.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified in this filing.

Risks

• Vesting is subject to the Reporting Person's continued service to the company.

Future Outlook

The RSUs are expected to vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting of stockholders.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practice to ensure director alignment with company performance, particularly for high-growth technology firms.

Comparison to Industry Standards

• The use of RSU grants for board compensation is consistent with standard practices for private and public technology companies.
• The vesting schedule tied to annual meetings is a common mechanism to ensure director retention.

Related Party Transactions

• The reporting person is affiliated with multiple Sequoia Capital entities that hold significant indirect interests in the issuer.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation grant.

Next Steps

• Vesting of the 12,415 RSUs upon the earlier of the first anniversary or the next annual meeting.

Key Dates

Keywords

Figma, FIG, SEC Form 4, Insider Trading, Restricted Stock Units, Andrew Reed, Sequoia Capital