Kleiner Perkins entities shift Figma (FIG) Class A shares to fund investors
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. director and major shareholder Mamoon Hamid reported a series of "other" transactions involving Class A Common Stock tied to Kleiner Perkins investment entities. On February 25, 2026, Kleiner Perkins Caufield & Byers XVII, LLC distributed 4,763,981 shares of Figma Class A stock to its limited partners for no consideration, in proportion to their interests.
Related entities KPCB XVII Associates and KPCB XVII Founders Fund, LLC similarly distributed 1,188,289 and 155,962 shares, respectively, also for no consideration, as pro rata distributions. Footnotes state these distributions were made under exemptions in Rules 16a-13 and 16a-9, and that the managing members, including Hamid, share voting and dispositive control but disclaim beneficial ownership except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Hamid Mamoon Amjad
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 4,763,981 | $0.00 | -- |
| Other | Class A Common Stock | 1,190,996 | $0.00 | -- |
| Other | Class A Common Stock | 1,188,289 | $0.00 | -- |
| Other | Class A Common Stock | 295,454 | $0.00 | -- |
| Other | Class A Common Stock | 155,962 | $0.00 | -- |
| Other | Class A Common Stock | 9,525 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 42,875,831 shares (Indirect, By Kleiner Perkins Caufild & Byers XVII, LLC);
Class A Common Stock — 295,454 shares (Direct)
Footnotes (1)
- On February 25, 2026 Kleiner Perkins Caufield & Byers XVII, LLC ("KPCB XVII") distributed, for no consideration, 4,763,981 shares of the Issuer's Class A Common Stock to its limited partners representing each partner's pro rata interest in such shares. These securities are held for convenience in the name of "KPCB Holdings, Inc., as nominee" for the accounts of these entities. The managing member of KPCB XVII and KPCB XVII Founders Fund, LLC ("KPCB XVII Founders") is KPCB XVII Associates, LLC ("KPCB XVII Associates"). Theodore E. Schlein, Beth Seidenberg, Mamoon Hamid and Ilya Fushman, the managing members of KPCB XVII Associates, exercise shared voting and dispositive control over the shares held by KPCB XVII and KPCB XVII Founders. Such managing members disclaim beneficial ownership of all shares held by KPCB XVII and KPCB XVII Founders except to the extent of their pecuniary interest therein. (Continued from footnote 2) The managing member of Kleiner Perkins Select Fund, LLC ("KP Select") and Kleiner Perkins Select Founders Fund, LLC ("KP Select Founders") is Kleiner Perkins Select Associates, LLC ("KP Select Associates"). Ilya Fushman and the Reporting Person, the managing members of KP Select Associates, exercise shared voting and dispositive control over the shares held by KP Select and KP Select Founders. Such managing members disclaim beneficial ownership of all shares held by KP Select and KP Select Founders except to the extent of their pecuniary interest therein. Represents shares of Class A Common Stock received pursuant to a pro rata distribution by KPCB XVII, 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. On February 25, 2026 KPCB XVII Associates distributed, for no consideration, 1,188,289 shares of the Issuer's Class A Common Stock to its limited partners representing each partner's pro rata interest in such shares. Represents shares of Class A Common Stock received pursuant to a pro rata distribution by KPCB XVII Associates, 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. On February 25, 2026 KPCB XVII Founders distributed, for no consideration, 155,962 shares of the Issuer's Class A Common Stock to its limited partners representing each partner's pro rata interest in such shares. Represents shares of Class A Common Stock received pursuant to a pro rata distribution by KPCB XVII Founders, 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.
FAQ
What insider activity did Figma (FIG) report in this Form 4?
The Form 4 reports "other" transactions where Kleiner Perkins-affiliated entities distributed Figma Class A Common Stock to their limited partners and members for no consideration, as pro rata in-kind distributions, rather than traditional open-market insider buys or sells.
What role does Mamoon Hamid have in these Figma (FIG) transactions?
Mamoon Hamid, a director and ten percent owner of Figma, is a managing member of several Kleiner Perkins entities. Footnotes state he shares voting and dispositive control over their Figma shares but disclaims beneficial ownership beyond his pecuniary interest in those investment vehicles.
Under what SEC rules were these Figma (FIG) distributions made?
The footnotes state that all the described pro rata distributions were made in accordance with exemptions under Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended, which can apply to certain internal transfers and in-kind distributions.