Kleiner Perkins entities shift Figma (FIG) Class A shares to fund investors

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.

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

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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^*

Hamid Mamoon Amjad

(Last) (First) (Middle)

C/O KLEINER PERKINS CAUFIELD & BYERS

2750 SAND HILL ROAD

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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

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

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

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	02/25/2026		J(1)		4,763,981	D	$0	42,875,831	I	By Kleiner Perkins Caufild & Byers XVII, LLC(2)(3)
Class A Common Stock	02/25/2026		J(4)		1,190,996	A	$0	1,190,996	I	By KPCB XVII Associates, LLC(2)(3)
Class A Common Stock	02/25/2026		J(5)		1,188,289	D	$0	2,707	I	By KPCB XVII Associates, LLC(2)(3)
Class A Common Stock	02/25/2026		J(6)		295,454	A	$0	295,454	D
Class A Common Stock	02/25/2026		J(7)		155,962	D	$0	1,403,660	I	By KPCB XVII Founders Fund, LLC(2)(3)
Class A Common Stock	02/25/2026		J(8)		9,525	A	$0	304,979	D
Class A Common Stock								78,416	I	By Kleiner Perkins Select Founders Fund, LLC(2)(3)
Class A Common Stock								3,086,524	I	By Kleiner Perkins Select Fund, LLC(2)(3)

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

Explanation of Responses:

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.

2. 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.

3. (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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

	/s/ Brendan Mulligan, Attorney-in-Fact	02/27/2026
	** Signature of Reporting Person	Date
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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.

How many Figma (FIG) shares did Kleiner Perkins XVII distribute?

Kleiner Perkins Caufield & Byers XVII, LLC distributed 4,763,981 shares of Figma Class A Common Stock to its limited partners. The shares were distributed for no consideration, with each partner receiving its pro rata interest in those shares on February 25, 2026.

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.

Were the Figma (FIG) share distributions cash transactions?

No, the reported distributions were made for no consideration. Kleiner Perkins entities distributed Figma Class A Common Stock in kind to limited partners and members, reflecting each holder’s proportional interest, rather than receiving cash proceeds for the transferred shares.

Which other Kleiner Perkins entities distributed Figma (FIG) shares?

KPCB XVII Associates distributed 1,188,289 Figma shares and KPCB XVII Founders Fund, LLC distributed 155,962 shares. Footnotes also describe holdings through Kleiner Perkins Select Fund and Select Founders Fund, with shared control by managing members and similar beneficial ownership disclaimers.

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.