Form 4: Figma CTO Sells Shares for Tax Obligations

Figma's Chief Technology Officer, Kris Rasmussen, sold 73,738 shares of Class A Common Stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Kris Rasmussen, Chief Technology Officer of Figma, Inc. (FIG), reported a sale of Class A Common Stock.
• The transaction involved the disposition of 73,738 shares on November 3, 2025.
• The shares were sold at a weighted average price of $48.1713 per share.
• The sales were specifically executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
• These sales were not discretionary transactions by Kris Rasmussen but rather a 'sell to cover' mechanism.
• Following this transaction, Kris Rasmussen beneficially owns 11,378,919 shares of Class A Common Stock directly.
• The reported price range for the block trades was from $47.47 to $50.04 per share.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary 'sell to cover' transaction for tax purposes, which is a neutral event and does not reflect a positive or negative sentiment towards the company's future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Figma's future performance or strategic direction.

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.

Industry Context

The 'sell to cover' transaction is a common practice for executives and employees to satisfy tax liabilities arising from the vesting of restricted stock units or the exercise of stock options. It is a routine compliance event and generally not indicative of an insider's discretionary view on the company's stock performance.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not signaling a change in management's confidence or a significant shift in ownership structure.

Key Dates

Recommendation

The reported transaction is a non-discretionary 'sell to cover' sale by a company officer to satisfy tax obligations related to restricted stock unit vesting. Such transactions are routine compliance events and do not typically reflect an insider's view on the company's future prospects or stock valuation. Therefore, this filing alone does not warrant a change in investment recommendation, and a 'hold' stance is maintained based on this specific information.

Keywords

Figma, FIG, Form 4, Insider Transaction, Stock Sale, CTO, Kris Rasmussen, Tax Withholding, Restricted Stock Units, Equity Compensation