Form 4: Figma CFO Sells Shares for Tax Obligations

Figma's CFO and Treasurer, Praveer Melwani, sold 15,781 shares of Class A Common Stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Praveer Melwani, Figma, Inc.'s CFO and Treasurer, reported a transaction involving Class A Common Stock.
• On December 1, 2025, Melwani disposed of 15,781 shares of Class A Common Stock at a weighted average price of $35.4481 per share.
• The sale was a 'sell to cover' transaction, specifically to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units.
• This transaction was not a discretionary sale by the reporting person.
• Following the reported transaction, Praveer Melwani directly beneficially owns 1,591,139 shares of Class A Common Stock.
• Additionally, 129,500 shares are indirectly beneficially owned through APM33, LLC, where Melwani is a manager.

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary 'sell to cover' for tax purposes, which is a neutral event and does not reflect management's sentiment about the company's future prospects.

Management Comments

• The sales reported represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units.
• The sales were to satisfy tax withholding obligations to be funded by a 'sell to cover' transaction and do not represent discretionary transactions by the Reporting Person.
• The price reported is a weighted average price, with shares sold as part of block trades for multiple security holders at prices ranging from $34.26 to $36.09, inclusive.

Industry Context

This Form 4 filing details a routine insider transaction related to compensation, which is common across all industries for executives receiving equity-based awards.

Related Party Transactions

• Praveer Melwani indirectly beneficially owns 129,500 shares of Class A Common Stock through APM33, LLC, an entity of which he is a manager.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a signal of management's confidence or lack thereof.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Figma, Praveer Melwani, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, CFO