Form 4: Figma CTO Sells Shares for Tax Obligations

Figma's Chief Technology Officer, Kris Rasmussen, sold 18,211 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 transaction involving the company's Class A Common Stock.
• On December 1, 2025, Rasmussen disposed of 18,211 shares.
• The shares were sold at a weighted average price of $35.4481 per share.
• The sale was a non-discretionary 'sell to cover' transaction, specifically to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units.
• Following this transaction, Rasmussen beneficially owns 11,071,632 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax obligations, not indicative of management's sentiment towards the company's future performance or a change in company fundamentals.

Future Outlook

NA

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

This Form 4 filing details a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitive landscape.

Stakeholder Impact

• The sale of shares by the CTO to cover tax obligations is a routine event and is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Recommendation

The reported transaction is a non-discretionary 'sell to cover' to satisfy tax withholding obligations upon the vesting of restricted stock units. This is a common and expected event for executives and does not signal a change in the company's fundamentals or management's confidence, thus maintaining a 'hold' recommendation.

Keywords

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