Form 4: Figma CRO Sells Shares for Tax Obligations

Figma's Chief Revenue Officer, Shaunt Voskanian, sold Class A Common Stock on February 2, 2026, to cover tax withholding obligations.

Summary

• Shaunt Voskanian, Chief Revenue Officer of Figma, Inc. (FIG), reported transactions on February 2, 2026.
• Voskanian sold 1,640 shares of Class A Common Stock at a weighted average price of $24.3578 per share.
• An additional 2,188 shares of Class A Common Stock were sold at a weighted average price of $25.2405 per share.
• These sales were non-discretionary, executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units (RSUs).
• Following these transactions, Voskanian beneficially owns 1,588,735 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sales were non-discretionary and solely for tax withholding purposes, which is a routine administrative action and does not reflect a change in the executive's investment sentiment or the company's operational performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Figma, Inc.'s future performance or outlook.

Management Comments

• The sales 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.

Industry Context

StockSavvy.ai notes that 'sell to cover' transactions are a common and routine practice for executives in publicly traded companies. These sales are typically non-discretionary and are executed to satisfy tax liabilities arising from the vesting of equity awards, such as restricted stock units, rather than indicating a change in management's sentiment about the company's prospects.

Comparison to Industry Standards

• The 'sell to cover' mechanism for managing tax obligations on equity compensation is a standard practice across various industries, including technology companies like Figma.
• This approach is widely adopted by executives to avoid personal cash outlays for tax liabilities when equity awards vest, aligning with common corporate governance and compensation practices seen in companies such as Adobe, Salesforce, and Microsoft.

Stakeholder Impact

• Shareholders: Minimal impact, as 'sell to cover' transactions are routine and do not signal a discretionary change in insider holdings or company fundamentals.
• Employees: No direct impact mentioned, as this relates to executive compensation and tax management.

Key Dates

Keywords

Figma, FIG, Insider Trading, Form 4, Stock Sale, Executive Compensation, Tax Withholding, Restricted Stock Units