Figma (FIG) CEO Dylan Field sells 174,430 shares after Class B conversion
Rhea-AI Filing Summary
Figma, Inc. director and President & CEO Dylan Field, a greater-than-10% owner, reported a set of routine transactions involving company stock. A Field 2024 GRAT Remainder Trust associated with him converted 174,430 shares of Class B Common Stock into Class A Common Stock and the trust then sold 174,430 Class A shares at a weighted-average price of $25.0244 per share, with individual sale prices ranging from $25.00 to $25.11.
The filing notes these sales were made under a pre-arranged Rule 10b5-1 trading plan known as the Field Diversification Plan. After these transactions, Field continues to hold substantial stakes through various entities, including Class B shares held directly and by trusts and LLCs that are associated with him.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 174,430 shares ($4.37M approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Field Dylan
Role
President & CEO
Sold
174,430 shs ($4.37M)
Approx. gross sale proceeds
$4.37M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$4.37M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 174,430 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 174,430 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 174,430 | $25.0244 | $4.37M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 1,471,767 shares (Indirect, By Trust);
Class A Common Stock — 0 shares (Indirect, By Trust);
Class B Common Stock — 37,987,566 shares (Direct);
Class B Common Stock — 14,754,517 shares (Indirect, See footnote);
Class A Common Stock — 5 shares (Direct);
Class A Common Stock — 153 shares (Indirect, By LLC)
Footnotes (7)
- F1. These shares are held by the Field 2024 GRAT Remainder Trust, of which A7P Trust Company serves as trustee and may be replaced at the discretion of the Reporting Person.
- F2. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 4, 2025 (the "Field Diversification Plan").
- F3. Represents the weighted average sale price. The lowest price at which shares were sold was $25.00 and the highest price at which shares were sold was $25.11. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- F4. These shares are held of record by Field Family Investments LLC, which is associated with the Reporting Person.
- F5. Each share of Class B Common Stock is convertible into one share of the lssuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value, or upon the occurrence of certain events or conditions described in the Issuer's Amended and Restated Certificate of Incorporation.
- F6. These shares are held of record by LLL Investments LLC which is associated with the Reporting Person.
- F7. These shares are held by the Field 2021 Descendants Trust, of which Bryn Mawr Trust Company of Delaware serves as trustee and may be replaced at the discretion of the Reporting Person.
Key Figures
Shares sold: 174,430 shares
Weighted-average sale price: $25.0244/share
Sale price range: $25.00–$25.11/share
+5 more
8 metrics
Shares sold
174,430 shares
Class A Common Stock sold by associated trust
Weighted-average sale price
$25.0244/share
Class A sales on May 29, 2026
Sale price range
$25.00–$25.11/share
Lowest and highest prices within reported sales
Class B converted
174,430 shares
Class B to Class A conversion by associated trust
Indirect Class B holding
1,122,908 shares
Class B held indirectly by trust associated with Field
Indirect Class B holding
14,754,517 shares
Class B held indirectly via an LLC associated with Field
Direct Class B holding
37,987,566 shares
Class B held directly by Dylan Field
Net share change
-174,430 shares
Net buy/sell shares in this Form 4
Key Terms
Rule 10b5-1 trading plan, GRAT, Class B Common Stock, derivative security, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
GRAT financial
"These shares are held by the Field 2024 GRAT Remainder Trust, of which A7P Trust Company serves as trustee"
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at any time"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average sale price financial
"Represents the weighted average sale price. The lowest price at which shares were sold was $25.00"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transactions did Figma (FIG) CEO Dylan Field report?
Dylan Field reported that a trust associated with him converted 174,430 Class B shares into Class A and sold 174,430 Class A shares at a weighted-average price of $25.0244 per share, under a pre-arranged Rule 10b5-1 trading plan.
Was Dylan Field’s Figma (FIG) stock sale part of a Rule 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on August 4, 2025, called the Field Diversification Plan. Such plans pre-schedule trades, making the timing more routine and less discretionary.
What Figma (FIG) holdings remain for Dylan Field after these transactions?
After the reported transactions, Dylan Field continues to hold large positions in Figma through Class B Common Stock, both directly and via associated trusts and LLCs, as well as Class A shares indirectly held by the Field 2024 GRAT Remainder Trust.