Figma director converts preferred into Class A shares

Figma, Inc. director Michel Krieger, through The Michel Krieger Revocable Trust, converted preferred stock into Class A common shares in connection with the company’s initial public offering.

Rhea-AI Filing Summary

Figma, Inc. director Michel Krieger, through The Michel Krieger Revocable Trust, converted preferred stock into Class A common shares in connection with the company’s initial public offering.

The trust converted 122,295 shares of Series Seed Preferred Stock and 5,227 shares of Series A Preferred Stock into a total of 127,522 shares of Class A Common Stock on a 1-for-1 basis. After these conversions, the filing also shows 48,179 shares of Class A Common Stock held directly.

Insider Trade Summary

127,522 shares exercised/converted

Exercise 5 txns

Insider Krieger Michel

Role Director

Type	Security	Shares	Price	Value
Conversion	Series Seed Preferred Stock	122,295	$0.00	$0.00
Conversion	Series A Preferred Stock	5,227	$0.00	$0.00
Conversion	Class A Common Stock	122,295	$0.00	$0.00
Conversion	Class A Common Stock	5,227	$0.00	$0.00
holding	Class A Common Stcck	--	--	--

Holdings After Transaction: Series Seed Preferred Stock — 0 contracts (Indirect, By Trust); Series A Preferred Stock — 0 contracts (Indirect, By Trust); Class A Common Stock — 127,522 shares (Indirect, By Trust); Class A Common Stcck — 48,179 shares (Direct)

Footnotes (2)

1. F1. In connection with the completion of the Issuer's initial public offering of its Class A Common Stock, each share of Series Seed Preferred Stock and Series A Preferred Stock automatically converted into shares of Class A Common Stock of the Issuer at a ratio of 1-for-1. The securities have no expiration date.
2. F2. These securities are held by The Michel Krieger Revocable Trust, of which the Reporting Person is trustee.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Figma (FIG) report for Michel Krieger?

The filing shows Michel Krieger’s trust converted Series Seed and Series A Preferred Stock into Class A Common Stock. This was a derivative conversion tied to Figma’s initial public offering, not an open-market purchase or sale of shares.

How many Figma (FIG) preferred shares were converted in this Form 4?

The trust converted 122,295 shares of Series Seed Preferred Stock and 5,227 shares of Series A Preferred Stock. Each preferred share converted into one share of Class A Common Stock, resulting in 127,522 new Class A shares held indirectly.

What is Michel Krieger’s indirect ownership in Figma (FIG) after the conversion?

After the conversions, The Michel Krieger Revocable Trust holds 127,522 shares of Figma Class A Common Stock indirectly. Michel Krieger is trustee of this trust, so these shares are reported as indirectly owned in the Form 4 filing.

Does the Figma (FIG) Form 4 show any insider share sales?

The Form 4 does not report any open-market sales or purchases. It records derivative conversions where preferred shares automatically became Class A Common Stock at a 1-for-1 ratio in connection with Figma’s initial public offering.

What direct Figma (FIG) holdings does Michel Krieger report in this Form 4?

The filing lists 48,179 shares of Figma Class A Common Stock as directly owned by Michel Krieger. This direct position is separate from the 127,522 Class A shares held indirectly through The Michel Krieger Revocable Trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 04:37 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Krieger Michel

(Last) (First) (Middle)

C/O FIGMA, INC.

760 MARKET STREET, FLOOR 10

(Street)

SAN FRANCISCO CALIFORNIA 94102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Figma, Inc. [ FIG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/01/2025		C		122,295	A	(1)	122,295	I	By Trust(2)
Class A Common Stock	08/01/2025		C		5,227	A	(1)	127,522	I	By Trust(2)
Class A Common Stcck								48,179	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series Seed Preferred Stock	(1)	08/01/2025		C			122,295	(1)	(1)	Class A Common Stock	122,295	$0	0	I	By Trust(2)
Series A Preferred Stock	(1)	08/01/2025		C			5,227	(1)	(1)	Class A Common Stock	5,227	$0	0	I	By Trust(2)

Explanation of Responses:

1. In connection with the completion of the Issuer's initial public offering of its Class A Common Stock, each share of Series Seed Preferred Stock and Series A Preferred Stock automatically converted into shares of Class A Common Stock of the Issuer at a ratio of 1-for-1. The securities have no expiration date.

2. These securities are held by The Michel Krieger Revocable Trust, of which the Reporting Person is trustee.

	/s/ Brendan Mulligan, Attorney-in-Fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)