Pro rata trust distributions reported by Figma (FIG) director Hamid Amjad
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Figma, Inc. director and 10% owner Hamid Mamoon Amjad reported trust-related restructuring transactions in Class A Common Stock. On February 25, 2026, entities affiliated with Kleiner Perkins distributed shares on a pro rata basis, for no consideration, to their members.
The filing shows 295,454 shares and 9,525 shares of Class A Common Stock were received through these pro rata distributions and are now held indirectly through a revocable trust for which Amjad and his spouse serve as trustees. These are categorized as “other” transactions rather than open-market buys or sells.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hamid Mamoon Amjad
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 295,454 | $0.00 | -- |
| Other | Class A Common Stock | 9,525 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 295,454 shares (Indirect, By trust)
Footnotes (1)
- Represents shares of Class A Common Stock received pursuant to a pro rata distribution by KPCB XVII Associates, LLC, for no consideration, to its members. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and/or 16a-9 of the Securities Exchange Act of 1934, as amended. These shares of Class A Common Stock are held by a revocable trust of which the Reporting Person and his spouse are trustees. Represents shares of Class A Common Stock received pursuant to a pro rata distribution by KPCB XVII Founders Fund, LLC, for no consideration, to its members. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and/or 16a-9 of the Securities Exchange Act of 1934, as amended.
Key Figures
Restructuring transaction 1: 295,454 shares
Restructuring transaction 2: 9,525 shares
Indirect holdings after transaction: 304,979 shares
+1 more
4 metrics
Restructuring transaction 1
295,454 shares
Class A Common Stock received via pro rata distribution; indirect by trust
Restructuring transaction 2
9,525 shares
Class A Common Stock received via pro rata distribution; indirect by trust
Indirect holdings after transaction
304,979 shares
Total Class A Common Stock held indirectly by revocable trust after restructuring
Transaction price
$0.00 per share
Pro rata distributions made for no consideration
Key Terms
pro rata distribution, revocable trust, Rules 16a-13 and/or 16a-9, indirect ownership
4 terms
pro rata distribution financial
"Represents shares of Class A Common Stock received pursuant to a pro rata distribution by KPCB XVII Associates, LLC"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
revocable trust financial
"These shares of Class A Common Stock are held by a revocable trust of which the Reporting Person and his spouse are trustees"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Rules 16a-13 and/or 16a-9 regulatory
"distributions were made in accordance with the exemptions afforded by Rules 16a-13 and/or 16a-9 of the Securities Exchange Act"
indirect ownership financial
"total_shares_following_transaction ... direct_or_indirect "I" and nature_of_ownership "By trust""
FAQ
What did Hamid Mamoon Amjad report in this Figma (FIG) Form 4/A?
He reported two “other” transactions in Figma Class A Common Stock tied to restructuring. The transactions reflect pro rata distributions from affiliated investment entities into a revocable trust, not open-market purchases or sales, and were received for no cash consideration.
What is the nature of the Figma (FIG) transactions coded "J" for Hamid Mamoon Amjad?
Both transactions are coded “J,” indicating other acquisitions or dispositions. They represent internal restructuring via pro rata distributions from KPCB XVII Associates, LLC and KPCB XVII Founders Fund, LLC to members, rather than ordinary market trades or option exercises.