Form 4: Figma CRO Sells Shares for Tax Withholding

Figma's Chief Revenue Officer, Shaunt Voskanian, disposed of 310,715 shares of Class A Common Stock to cover tax obligations related to restricted stock unit settlement.

Summary

• Shaunt Voskanian, Figma's Chief Revenue Officer, reported a transaction on July 30, 2025.
• The transaction involved the disposal of 310,715 shares of Class A Common Stock at a price of $33 per share.
• This disposal was specifically for tax withholding liabilities related to the net settlement of restricted stock units.
• Following this transaction, Voskanian beneficially owns 1,797,145 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposal of shares for tax purposes related to RSU vesting, which is a neutral event from an investment perspective.

Positives

• The underlying event is the vesting of restricted stock units, which represents a positive compensation event for the executive.

Negatives

• The transaction resulted in a reduction of Shaunt Voskanian's direct beneficial ownership by 310,715 shares.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This is a routine insider transaction related to executive compensation, common across all industries for publicly traded companies where restricted stock units are part of the compensation structure.

Comparison to Industry Standards

• The practice of withholding shares to cover tax liabilities upon the vesting of restricted stock units is a standard and widely accepted method of managing executive compensation and tax obligations in public companies, including those in the technology sector like Figma.

Related Party Transactions

• The transaction is between the reporting person (an officer) and the issuer, which is a common form of related party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: A minor, non-discretionary reduction in insider ownership, generally not seen as a significant signal.
• Management: The transaction reflects the realization of compensation for the Chief Revenue Officer.

Key Dates

Recommendation

The transaction is a routine disposal of shares to cover tax liabilities associated with the vesting of restricted stock units, which is a common practice for executive compensation. It does not indicate a change in the executive's long-term view of the company or a discretionary sale, and therefore does not warrant a change in investment recommendation based solely on this filing.

Keywords

Figma, FIG, Shaunt Voskanian, Chief Revenue Officer, CRO, insider transaction, Form 4, stock sale, tax withholding, RSU, executive compensation