Form 4: Figma CEO Dylan Field Sells $74M in Class A Stock

Figma CEO Dylan Field executed a significant sale of 2.35 million Class A common shares for over $74 million after converting Class B stock.

Summary

• Dylan Field, President & CEO, Director, and 10% Owner of Figma, Inc. (FIG), sold a total of 2,350,000 shares of Class A Common Stock.
• The sales occurred on August 1, 2025, at a price of $31.515 per share.
• Prior to the sales, 1,600,000 Class B shares held directly and 750,000 Class B shares held indirectly through LLL Investments LLC were converted into Class A shares.
• The total proceeds from these sales amounted to approximately $74,060,250.
• Field continues to beneficially own 34,613,891 Class B shares directly and 15,004,517 Class B shares indirectly through LLL Investments LLC.
• Additional indirect holdings of Class B shares include 1,135,325 via the Dylan Field 2024 Annuity Trust and 1,122,908 via the Field 2021 Descendants Trust.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 4

Explanation: The sale of a substantial number of shares by the CEO and a 10% owner, while potentially part of a pre-arranged plan, generally carries a slightly negative sentiment as it reduces insider ownership.

Negatives

• President & CEO Dylan Field, also a 10% owner, sold a substantial 2,350,000 shares of Class A Common Stock.
• The sale generated approximately $74.06 million in proceeds, representing a significant reduction in the reporting person's direct and indirect Class A holdings.
• While the transaction was made pursuant to a Rule 10b5-1 plan, the sheer volume of shares sold could still be perceived as a negative signal regarding insider confidence or future growth prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This filing is a standard insider transaction report and does not provide specific industry context or trends.

Related Party Transactions

• Shares are held indirectly by LLL Investments LLC, which is associated with the Reporting Person.
• Shares are held by the Dylan Field 2024 Annuity Trust, of which the Reporting Person is trustee.
• Shares are held by the Field 2021 Descendants Trust, of which Bryn Mawr Trust Company of Delaware serves as trustee and may be replaced at the discretion of the Reporting Person.

Stakeholder Impact

• Shareholders may interpret the insider sale as a negative signal, potentially leading to downward pressure on the stock price due to perceived reduced insider confidence.

Key Dates

Recommendation

The sale of a substantial number of shares by the CEO and 10% owner, even if executed under a Rule 10b5-1 plan, warrants caution. While such plans are often for personal financial diversification and not necessarily a reflection of company performance, a large insider sale can still create market uncertainty. Investors should maintain their current position and monitor future company developments and insider activity for clearer directional signals.

Keywords

Figma, FIG, Dylan Field, insider trading, stock sale, CEO, beneficial ownership, Class A Common Stock, Class B Common Stock, SEC Form 4