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  4. [Form 4] Figma, Inc. Insider Trading Activity

Figma CTO option exercise at $23.193 and open-market sales

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Figma (FIG) reported insider transactions by its Chief Technology Officer. On 11/10/2025, the officer exercised a stock option for 15,428 Class A shares at an exercise price of $23.193 per share, then sold shares in multiple open-market tranches: 116,248 at a weighted average of $42.9296, 126,258 at $43.7107, and 30,283 at $44.5034. On 11/12/2025, an additional 31,715 shares were sold at a weighted average of $45.0287.

The filing states these sales were effected under a Rule 10b5‑1 trading plan adopted on August 6, 2025. Following the reported transactions, the officer beneficially owned 11,089,843 shares, held directly.

Positive

  • None.

Negative

  • None.
Insider Rasmussen Kris
Role Chief Technology Officer
Sold 304,504 shs ($13.29M)
Type Security Shares Price Value
Sale Class A Common Stock 31,715 $45.0287 $1.43M
Exercise Stock Option (Right to Buy) 15,428 $0.00 --
Exercise Class A Common Stock 15,428 $23.193 $358K
Sale Class A Common Stock 116,248 $42.9296 $4.99M
Sale Class A Common Stock 126,258 $43.7107 $5.52M
Sale Class A Common Stock 30,283 $44.5034 $1.35M
Holdings After Transaction: Class A Common Stock — 11,089,843 shares (Direct); Stock Option (Right to Buy) — 0 shares (Direct)
Footnotes (1)
  1. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 6, 2025. Represents the weighted average sale price. The lowest price at which shares were sold was $42.30 and the highest price at which shares were sold was $43.295. 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. Represents the weighted average sale price. The lowest price at which shares were sold was $43.30 and the highest price at which shares were sold was $44.29. 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. Represents the weighted average sale price. The lowest price at which shares were sold was $44.31 and the highest price at which shares were sold was $44.72. 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. Represents the weighted average sale price. The lowest price at which shares were sold was $45.00 and the highest price at which shares were sold was $45.25. 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. The option is fully vested. The award will expire upon the earlier of (a) August 21, 2029 and (b) the date that is one year following the Issuer's IPO.
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Form 4 Insider Transactions: What Each Field Means →
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).
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*
Rasmussen Kris
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025
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 11/10/2025 M 15,428 A $23.193 11,394,347 D
Class A Common Stock 11/10/2025 S(1) 116,248 D $42.9296(2) 11,278,099 D
Class A Common Stock 11/10/2025 S(1) 126,258 D $43.7107(3) 11,151,841 D
Class A Common Stock 11/10/2025 S(1) 30,283 D $44.5034(4) 11,121,558 D
Class A Common Stock 11/12/2025 S(1) 31,715 D $45.0287(5) 11,089,843 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
Stock Option (Right to Buy) $23.193 11/10/2025 M 15,428 (6) (7) Class A Common Stock 15,428 $0 0 D
Explanation of Responses:
1. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 6, 2025.
2. Represents the weighted average sale price. The lowest price at which shares were sold was $42.30 and the highest price at which shares were sold was $43.295. 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.
3. Represents the weighted average sale price. The lowest price at which shares were sold was $43.30 and the highest price at which shares were sold was $44.29. 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 $44.31 and the highest price at which shares were sold was $44.72. 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 the weighted average sale price. The lowest price at which shares were sold was $45.00 and the highest price at which shares were sold was $45.25. 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.
6. The option is fully vested.
7. The award will expire upon the earlier of (a) August 21, 2029 and (b) the date that is one year following the Issuer's IPO.
/s/ Brendan Mulligan, Attorney-in-Fact 11/13/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Figma (FIG) disclose?

The CTO exercised 15,428 options at $23.193 and sold shares in multiple tranches on 11/10/2025 and 11/12/2025 at stated weighted average prices.

Were the Figma (FIG) insider sales under a Rule 10b5-1 plan?

Yes. The sales were made pursuant to a Rule 10b5‑1 trading plan adopted on August 6, 2025.

How many Figma (FIG) shares did the CTO own after these transactions?

The officer beneficially owned 11,089,843 shares directly following the reported transactions.

What were the weighted average sale prices in the Form 4 for Figma (FIG)?

Sales were reported at weighted averages of $42.9296, $43.7107, $44.5034 on 11/10/2025, and $45.0287 on 11/12/2025.

What price ranges did the weighted average sales cover for Figma (FIG)?

Ranges disclosed: $42.30–$43.295, $43.30–$44.29, $44.31–$44.72, and $45.00–$45.25.

What were the details of the option exercise for Figma (FIG)?

A stock option (right to buy) for 15,428 shares was exercised at $23.193; the option was fully vested.