[Form 4] Figma, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Figma, Inc. (FIG) reported insider activity by its President & CEO, who is also a director and 10% owner. On November 17, 2025, the reporting person acquired 3,029,063 shares of Class A Common Stock through a conversion transaction and then sold 2,064,640 shares at a weighted average price of $37.0408 and 964,423 shares at a weighted average price of $37.8565, leaving no Class A shares held directly. The filing explains these sales were automatic "sell to cover" transactions solely to pay tax withholding on vested restricted stock units and were effected under a Rule 10b5-1 instruction. In connection with performance-based awards, 5,625,000 RSUs tied to Class B Common Stock vested and were settled, and the reporting person continues to hold a large stake through Class B shares and indirect holdings via trusts and an affiliated LLC.

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

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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).

X

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^*

Field Dylan

(Last) (First) (Middle)

C/O FIGMA, INC.

760 MARKET STREET, FLOOR 10

(Street)

SAN FRANCISCO CA 94102

(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
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

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	11/17/2025		C		3,029,063	A	$37.3005	3,029,063	D
Class A Common Stock	11/17/2025		S(1)(2)		2,064,640	D	$37.0408(3)	964,423	D
Class A Common Stock	11/17/2025		S(1)(2)		964,423	D	$37.8565(4)	0	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
Restricted Stock Units(5)	(6)	11/17/2025		M			5,625,000	(7)	10/27/2028	Class B Common Stock	5,625,000	$0	5,625,000	D
Class B Common Stock	(8)	11/17/2025		M		5,625,000		(8)	(8)	Class A Common Stock	5,625,000	$0	40,238,891	D
Class B Common Stock	(8)	11/17/2025		C			3,029,063	(8)	(8)	Class A Common Stock	3,029,063	$0	37,209,828	D
Class B Common Stock	(8)							(8)	(8)	Class A Common Stock	1,135,325		1,135,325	I	By Trust(9)
Class B Common Stock	(8)							(8)	(8)	Class A Common Stock	1,122,908		1,122,908	I	By Trust(10)
Class B Common Stock	(8)							(8)	(8)	Class A Common Stock	15,004,517		15,004,517	I	See footnote(11)

Explanation of Responses:

1. The sales reported in this line item represent shares sold by the Reporting Person to cover tax withholding obligations with the vesting and settlement of restricted stock units ("RSUs"). The sales were to satisfy withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person.

2. The sales reported in this line item were effected pursuant to a sell to cover instruction letter intended to satisfy the affirmative defense of 10b5-1(c) for sales of only such number of shares of the Issuer's Class A Common Stock as are necessary to satisfy the applicable tax withholding obligations arising from the vesting of RSUs granted to the Reporting Person.

3. Represents the weighted average sale price. The lowest price at which shares were sold was $36.57 and the highest price at which shares were sold was $37.565. 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.

4. Represents the weighted average sale price. The lowest price at which shares were sold was $37.57 and the highest price at which shares were sold was $38.53. 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.

5. Represents RSUs previously reported on Form 3 filed by the Reporting Person on July 30, 2025 that were earned by the Reporting Person upon the achievement of certain performance criteria as certified by the Compensation Committee of the Issuer's Board of Directors on October 21, 2025.

6. Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.

7. The award was granted subject to a performance-based vesting condition that was satisfied in connection with the Issuer's initial public offering, as well as service-based and market-based vesting conditions, with the market-based vesting condition comprised of three tranches representing 1,875,000, 3,750,000 and 5,625,000 of the underlying shares of the Issuer's Class B Common Stock, respectively, that were satisfied upon the achievement of certain public market capitalization targets as certified by the Compensation Committee of the Issuer's Board of Directors on October 21, 2025. The award settled with respect to 50% of the RSUs underlying the award on November 17, 2025. The remaining 50% of the RSUs underlying the award is expected to settle on February 17, 2026.

8. 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.

9. These shares are held by the Dylan Field 2024 Annuity Trust, of which the Reporting Person is trustee.

10. 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.

11. These shares are held of record by LLL Investments LLC which is associated with the Reporting Person.

	/s/ Brendan Mulligan, Attorney-in-Fact	11/19/2025
	** Signature of Reporting Person	Date
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