Form 4: Figma CFO's Tax Withholding on RSU Vesting

Figma's CFO, Praveer Melwani, reported the withholding of 212,530 Class A Common Stock shares for tax liabilities related to restricted stock unit settlement.

Summary

• Praveer Melwani, Figma, Inc.'s CFO and Treasurer, reported a transaction on July 30, 2025.
• The transaction involved the disposition of 212,530 shares of Class A Common Stock.
• These shares were withheld by Figma to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
• The deemed price for the disposition was $33 per share.
• Following this transaction, Praveer Melwani directly beneficially owns 1,740,206 shares of Class A Common Stock.
• Additionally, 150,000 shares of Class A Common Stock are indirectly beneficially owned through APM33, LLC, where Praveer Melwani is a manager.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (tax withholding for RSU vesting) which is neutral in sentiment and does not indicate any significant positive or negative developments for the company.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

This filing is a routine insider transaction report related to executive compensation and does not provide broader industry context or trends.

Related Party Transactions

• Praveer Melwani indirectly beneficially owns 150,000 shares of Class A Common Stock through APM33, LLC, of which he is a manager.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction related to executive compensation and does not reflect a change in management's confidence or company fundamentals.

Key Dates

Recommendation

This Form 4 reports a routine tax withholding event related to the vesting of restricted stock units for Figma's CFO. It does not indicate any discretionary sale or provide new information that would alter the fundamental investment thesis for Figma, hence a 'hold' recommendation is maintained.

Keywords

Figma, FIG, Praveer Melwani, CFO, Form 4, SEC filing, stock transaction, restricted stock units, tax withholding, insider transaction