SCHEDULE: ICONIQ Entities Update Figma Class A Stock Holdings

ICONIQ Strategic Partners and related individuals have updated their beneficial ownership of Figma, Inc. Class A Common Stock as of December 31, 2025.

Summary

• ICONIQ Strategic Partners VII, L.P. beneficially owns 1,660,199 shares of Figma Class A Common Stock, representing approximately 0.4% of the outstanding class.
• ICONIQ Strategic Partners VII-B, L.P. beneficially owns 4,133,370 shares of Figma Class A Common Stock, representing approximately 1.0% of the outstanding class.
• ICONIQ Strategic Partners VII GP, L.P. and ICONIQ Strategic Partners VII TT GP, Ltd. are deemed to beneficially own an aggregate of 5,793,569 shares (1.4%) due to their general partner roles for the ICONIQ VII Funds.
• ICONIQ Capital, LLC, ICONIQ Capital Group, L.P., and ICONIQ Capital Group GP, LLC are deemed to beneficially own 15,151 shares (less than 0.1%) through separately managed accounts, with ICONIQ Capital, LLC acting as investment adviser without pecuniary interest in these shares.
• Divesh Makan beneficially owns an aggregate of 6,623,222 shares (1.6%), which includes shares held by the ICONIQ VII Funds, ICONIQ Capital, LLC, and his family trust.
• William J.G. Griffith beneficially owns an aggregate of 6,607,726 shares (1.6%), including shares held by the ICONIQ VII Funds and his family trust.
• Matthew Jacobson beneficially owns an aggregate of 5,793,569 shares (1.4%), including shares held by the ICONIQ VII Funds.
• The percentages of class are based on 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by Figma in its Quarterly Report on Form 10-Q filed on November 5, 2025.
• The reporting persons expressly disclaim membership in a 'group' as defined in Rule 13d-5(b)(1).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a standard disclosure of beneficial ownership by passive investors and does not contain information that would significantly alter the investment thesis for Figma, Inc.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by passive institutional investors or individuals who acquire more than 5% but less than 20% of a company's stock. This amendment updates the beneficial ownership stakes of various ICONIQ entities and associated individuals in Figma, Inc., reflecting their continued, albeit passive, investment in the company. Such filings provide transparency into significant ownership structures but typically do not indicate strategic shifts or activist intentions.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional and individual ownership stakes, confirming the continued investment by ICONIQ-affiliated entities and individuals.

Key Dates

Keywords

Figma, ICONIQ Strategic Partners, Beneficial Ownership, Schedule 13G, Class A Common Stock, Institutional Investor, SEC Filing