Form 4: Figma CRO Shaunt Voskanian Sells Shares

Figma's Chief Revenue Officer, Shaunt Voskanian, reported the sale of 12,382 shares of Class A Common Stock for tax obligations and pursuant to a Rule 10b5-1 trading plan.

Summary

• Shaunt Voskanian, Chief Revenue Officer of Figma, Inc., reported sales of Class A Common Stock.
• On January 2, 2026, 1,997 shares were sold at a weighted average price of $36.8967 and 1,936 shares at $37.5285. These sales were made to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units.
• On January 5, 2026, 6,249 shares were sold at a weighted average price of $37.0154 and 2,200 shares at $37.8886. These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 6, 2025.
• Following these transactions, Voskanian beneficially owns 1,592,563 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The sales are primarily for tax obligations and a pre-arranged trading plan, which are generally considered neutral events rather than signals of negative sentiment from the insider. However, any insider selling can be viewed with slight caution.

Positives

• Sales related to tax withholding are non-discretionary, indicating no negative sentiment from the insider regarding the company's prospects.
• Sales made under a Rule 10b5-1 plan were pre-scheduled, reducing the implication of immediate negative sentiment or market timing by the insider.

Negatives

• Insider selling, even for pre-planned or tax-related reasons, can sometimes be perceived negatively by the market.
• A reduction in direct beneficial ownership by a key executive.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May observe a reduction in executive ownership, though the stated reasons (tax withholding, Rule 10b5-1 plan) mitigate negative interpretations regarding management's confidence.

Key Dates

Recommendation

The reported sales by Figma's Chief Revenue Officer are primarily for non-discretionary tax withholding obligations and a pre-established Rule 10b5-1 trading plan. These types of insider sales typically do not signal a change in management's outlook or confidence in the company's future performance. Therefore, this filing alone does not provide a strong basis for a 'buy' or 'sell' recommendation, and a 'hold' stance is appropriate, pending further fundamental analysis of the company's operations and financial health.

Keywords

Figma, FIG, Shaunt Voskanian, Chief Revenue Officer, insider trading, Form 4, stock sale, 10b5-1 plan, equity compensation, tax withholding