Figma (FIG) CTO covers RSU tax bill through share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. reported an insider transaction by Chief Technology Officer Kris Rasmussen involving a tax-related share withholding. On this Form 4, the company withheld 19,037 shares of Class A common stock at $29.39 per share to cover tax obligations tied to the net settlement of restricted stock units. After this tax-withholding disposition, Rasmussen directly owns 10,348,509 Class A shares, indicating that the event reflects routine equity award taxation rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rasmussen Kris
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 19,037 | $29.39 | $559K |
Holdings After Transaction:
Class A Common Stock — 10,348,509 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Figma (FIG) report for Kris Rasmussen?
Figma reported a tax-withholding disposition for Kris Rasmussen. The company withheld 19,037 Class A shares to satisfy tax liabilities from restricted stock units, rather than an open-market sale, leaving him with 10,348,509 directly owned shares afterward.
What does transaction code F mean on Figma (FIG) CTO’s Form 4?
Transaction code F indicates shares withheld to pay taxes or exercise costs. In this case, Figma used 19,037 shares of Class A stock to satisfy Kris Rasmussen’s tax liabilities from restricted stock units through a net settlement process.