Form 4: Figma CAO Sells Shares for Tax, 10b5-1 Plan

Figma's Chief Accounting Officer, Herb Tyler, reported sales of Class A Common Stock totaling 5,248 shares across multiple transactions in early January 2026, primarily for tax obligations and a pre-arranged trading plan.

Summary

• Herb Tyler, Chief Accounting Officer of Figma, Inc. (FIG), reported the disposition of 5,248 shares of Class A Common Stock.
• On January 2, 2026, Tyler sold 1,222 shares at a weighted average price of $36.8967 and 1,186 shares at a weighted average price of $37.5285.
• These sales on January 2, 2026, were executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units and were not discretionary transactions.
• On January 5, 2026, Tyler sold 2,440 shares at a weighted average price of $37.0658 and 400 shares at a weighted average price of $37.695.
• The sales on January 5, 2026, were conducted pursuant to a Rule 10b5-1 trading plan adopted by Tyler on August 5, 2025.
• Following these transactions, Herb Tyler beneficially owns 198,158 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the reported insider sales are primarily for tax obligations or pursuant to a pre-arranged trading plan, which are generally considered non-discretionary or planned and do not typically reflect a change in management's confidence in the company's future.

Positives

• The sales related to tax withholding obligations are non-discretionary, indicating a routine event rather than a change in sentiment.
• The existence of a Rule 10b5-1 trading plan demonstrates pre-planning for stock sales, which can reduce concerns about opportunistic insider selling.

Negatives

• Insider selling, even for explained reasons, can sometimes be perceived negatively by the market, though the explanations provided mitigate this concern.

Future Outlook

NA

Management Comments

• The sales reported on January 2, 2026, represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. These sales were to satisfy tax withholding obligations to be funded by a 'sell to cover' transaction and do not represent discretionary transactions.
• The sales reported on January 5, 2026, were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2025.

Industry Context

This Form 4 filing details routine insider stock transactions and does not provide information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The sales are routine and explained, so the direct impact on shareholder sentiment is likely minimal. However, any insider selling can sometimes lead to minor negative sentiment.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

The reported sales by Figma's Chief Accounting Officer are primarily for tax withholding obligations related to RSU vesting and pursuant to a pre-arranged Rule 10b5-1 trading plan. These are generally considered non-discretionary or planned transactions and do not typically signal a change in management's fundamental outlook on the company. Therefore, the filing itself does not provide a basis for a change in investment recommendation, warranting a 'hold' stance.

Keywords

Figma, FIG, Insider Transaction, Form 4, Stock Sale, Equity, Chief Accounting Officer, Herb Tyler, 10b5-1 Plan, Restricted Stock Units, RSU