Form 4: Figma CFO Praveer Melwani Reports Tax Withholding Sale

CFO and Treasurer Praveer Melwani reported the withholding of 11,170 shares of Class A Common Stock to satisfy tax obligations.

Summary

• Praveer Melwani, CFO and Treasurer of Figma, Inc., executed a transaction on May 1, 2026.
• The transaction involved the withholding of 11,170 shares of Class A Common Stock by the issuer.
• The shares were withheld at a price of $17.70 per share to satisfy tax withholding liabilities related to the net settlement of restricted stock units.
• Following the transaction, the reporting person maintains direct ownership of 1,840,036 shares.
• The reporting person also maintains indirect ownership of 118,363 shares held by APM33, LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative tax settlement rather than a strategic or market-driven trade.

Positives

• The transaction is a routine administrative action related to tax obligations rather than a discretionary market sale.

Negatives

• None identified; this is a standard compensatory tax settlement.

Risks

• None identified; this is a standard compensatory tax settlement.

Future Outlook

Not applicable; this is a historical transaction report.

Industry Context

StockSavvy.ai notes that net settlement of restricted stock units is a standard industry practice for executives to cover tax liabilities upon the vesting of equity awards, and does not typically signal a change in management sentiment regarding the company's future performance.

Comparison to Industry Standards

• The transaction follows standard corporate governance practices for executive compensation and tax compliance consistent with public technology companies.

Related Party Transactions

• The reporting person maintains indirect ownership of 118,363 shares through APM33, LLC, an entity of which the reporting person is a manager.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a standard tax-related share withholding.

Key Dates

Keywords

Figma, FIG, Insider Trading, Form 4, CFO, Tax Withholding, Equity Compensation