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

Figma (FIG) holder sells shares and distributes 2,758,691 Class A stock

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Figma, Inc. large shareholder entities reported both an open-market sale and several in-kind share distributions involving Class A Common Stock. An Index-linked co-investment vehicle, Yucca (Jersey) SLP, sold 12,475 shares at $24.3600 per share, a small portion of its indirect holdings.

On the following day, Yucca distributed 23,150 shares in-kind, without consideration, pro rata to its partners. Index Ventures VI (Jersey), L.P. distributed 2,758,691 shares in-kind to its limited partners and its general partner, Index Venture Associates VI Limited, which then distributed 689,673 of those shares in-kind to its own partners.

Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. likewise distributed 55,684 shares in-kind, and Index Venture Associates VI Limited distributed 13,921 of the received shares pro rata to its partners. The entities state these transactions were conducted under Exchange Act Rules 16a-9(a) and 16a-13 and disclaim beneficial ownership beyond any pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Index Ventures VI (Jersey) LP, Index Ventures VI Parallel Entrepreneur Fund (Jersey) LP, Index Venture Associates VI Ltd, Yucca (Jersey) SLP
Role null | null | null | null
Sold 12,475 shs ($304K)
Type Security Shares Price Value
Other Class A Common Stock 2,758,691 $0.00 --
Other Class A Common Stock 55,684 $0.00 --
Other Class A Common Stock 703,594 $0.00 --
Other Class A Common Stock 23,150 $0.00 --
Sale Class A Common Stock 12,475 $24.36 $304K
holding Class A Common Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 53,052,119 shares (Direct, null); Class A Common Stock — 1,070,851 shares (Indirect, By Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P.)
Footnotes (1)
  1. On May 19, 2026, Index Ventures VI (Jersey), L.P. ("Index VI") distributed in-kind, without consideration, 2,758,691 shares of the Issuer's Class A Common Stock pro-rata to its limited partners and its general partner, Index Venture Associates VI Limited ("IVA VI"), in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). On the same date, IVA VI distributed in-kind, without consideration, 689,673 shares of Class A Common Stock received in the Index VI distribution pro-rata to its partners, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act. IVA VI is the managing general partner of Index VI and Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. ("Index VI Parallel"). Index Venture Growth Associates IV Limited ("IGA IV") is the managing general partner of Index Ventures Growth IV (Jersey), L.P. Index Ventures Growth Associates V Limited ("IGA V") is the managing general partner of Index Ventures Growth V (Jersey), L.P. Yucca (Jersey) SLP ("Yucca") is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Index funds' investment in the Issuer. Each of IVA VI, IGA IV and IGA V disclaims beneficial ownership of the shares for purposes of Section 16 of the Exchange Act, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it for Section 16 or any other purpose. On May 19, 2026, Index VI Parallel distributed in-kind, without consideration, 55,684 shares of the Issuer's Class A Common Stock pro-rata to its limited partners and its general partner, IVA VI, in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act. On the same date, IVA VI distributed in-kind, without consideration, 13,921 shares of Class A Common Stock received in the Index VI Parallel distribution pro-rata to its partners, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act. On May 19, 2026, Yucca distributed in-kind, without consideration, 23,150 shares of Class A Common Stock pro-rata to its partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
Open-market sale 12,475 shares Class A Common Stock sold indirectly by Yucca (Jersey) SLP at $24.3600
Sale price $24.3600 per share Price for 12,475-share open-market or private sale
Index VI in-kind distribution 2,758,691 shares Distributed in-kind by Index Ventures VI (Jersey), L.P. to partners
IVA VI partner distribution 689,673 shares Distributed in-kind by Index Venture Associates VI Limited to its partners
Index VI Parallel in-kind distribution 55,684 shares Distributed in-kind by Index Ventures VI Parallel Entrepreneur Fund
IVA VI distribution from Parallel 13,921 shares Distributed in-kind by Index Venture Associates VI Limited to partners
Yucca in-kind distribution 23,150 shares Distributed in-kind by Yucca (Jersey) SLP to its partners
Direct holdings after restructuring 53,052,119 shares Total shares following a J-code transaction listed as direct
in-kind financial
"distributed in-kind, without consideration, 2,758,691 shares of the Issuer's Class A Common Stock"
Rule 16a-9(a) regulatory
"in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act"
Rule 16a-13 regulatory
"in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act"
Section 16 regulatory
"disclaims beneficial ownership of the shares for purposes of Section 16 of the Exchange Act"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
pecuniary interest financial
"disclaims beneficial ownership of the shares... except to the extent of its pecuniary interest therein"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Index Ventures VI (Jersey) LP
(Last)(First)(Middle)
5TH FLOOR, 44 ESPLANADE
(Street)
ST. HELIERJERSEYJE1 3FG
(City)(State)(Zip)
JERSEY
(Country)		2. Issuer Name and Ticker or Trading Symbol
Figma, Inc. [ FIG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock05/19/2026J(1)2,758,691D(1)53,052,119D(2)
Class A Common Stock05/19/2026J(3)55,684D(3)1,070,851IBy Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P.(2)
Class A Common Stock05/19/2026J(1)(3)703,594D(1)(3)0IBy Index Venture Associates VI Limited(2)
Class A Common Stock05/18/2026S12,475D$24.36822,325IBy Yucca Jersey SLP(2)
Class A Common Stock05/19/2026J(4)23,150D(4)799,175IBy Yucca Jersey SLP(2)
Class A Common Stock2,521,618IBy Index Ventures Growth IV (Jersey), L.P.(2)
Class A Common Stock2,278,486IBy Index Ventures Growth V (Jersey), L.P.(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
Index Ventures VI (Jersey) LP
(Last)(First)(Middle)
5TH FLOOR, 44 ESPLANADE
(Street)
ST. HELIERJERSEYJE1 3FG
(City)(State)(Zip)
JERSEY
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Index Ventures VI Parallel Entrepreneur Fund (Jersey) LP
(Last)(First)(Middle)
44 ESPLANADE
(Street)
ST. HELIERJERSEYJE1 3FG
(City)(State)(Zip)
JERSEY
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Index Venture Associates VI Ltd
(Last)(First)(Middle)
44 ESPLANADE
(Street)
ST. HELIERJERSEYJE1 3FG
(City)(State)(Zip)
JERSEY
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Yucca (Jersey) SLP
(Last)(First)(Middle)
44 ESPLANADE
(Street)
ST. HELIERJERSEYJE1 3FG
(City)(State)(Zip)
JERSEY
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. On May 19, 2026, Index Ventures VI (Jersey), L.P. ("Index VI") distributed in-kind, without consideration, 2,758,691 shares of the Issuer's Class A Common Stock pro-rata to its limited partners and its general partner, Index Venture Associates VI Limited ("IVA VI"), in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). On the same date, IVA VI distributed in-kind, without consideration, 689,673 shares of Class A Common Stock received in the Index VI distribution pro-rata to its partners, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
2. IVA VI is the managing general partner of Index VI and Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. ("Index VI Parallel"). Index Venture Growth Associates IV Limited ("IGA IV") is the managing general partner of Index Ventures Growth IV (Jersey), L.P. Index Ventures Growth Associates V Limited ("IGA V") is the managing general partner of Index Ventures Growth V (Jersey), L.P. Yucca (Jersey) SLP ("Yucca") is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Index funds' investment in the Issuer. Each of IVA VI, IGA IV and IGA V disclaims beneficial ownership of the shares for purposes of Section 16 of the Exchange Act, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it for Section 16 or any other purpose.
3. On May 19, 2026, Index VI Parallel distributed in-kind, without consideration, 55,684 shares of the Issuer's Class A Common Stock pro-rata to its limited partners and its general partner, IVA VI, in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act. On the same date, IVA VI distributed in-kind, without consideration, 13,921 shares of Class A Common Stock received in the Index VI Parallel distribution pro-rata to its partners, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
4. On May 19, 2026, Yucca distributed in-kind, without consideration, 23,150 shares of Class A Common Stock pro-rata to its partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
Index Ventures VI (Jersey) L.P., By: Index Venture Associates VI Limited, as Managing General Partner, By: /s/ Nigel Greenwood, Director05/20/2026
Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P., By: Index Venture Associates VI Limited, as Managing General Partner, By: /s/ Nigel Greenwood, Director05/20/2026
Index Venture Associates VI Limited, By: /s/ Nigel Greenwood, Director05/20/2026
Yucca (Jersey) SLP, By: /s/ Carolyn Gates and /s/ Rocelyn Hickey, Authorized Signatories05/20/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

How many Figma (FIG) shares were sold in the open-market transaction?

Yucca (Jersey) SLP reported selling 12,475 Figma Class A Common Stock shares in an open-market or private transaction. The sale price was $24.3600 per share, and the position remained substantial afterward according to the post-transaction indirect holdings disclosed in the filing.

What were the large in-kind Figma (FIG) share distributions by Index Ventures VI?

Index Ventures VI (Jersey), L.P. distributed 2,758,691 Figma Class A shares in-kind, without consideration, to its limited partners and general partner. Index Venture Associates VI Limited then distributed 689,673 of those received shares in-kind, pro rata to its partners, under Exchange Act Rule 16a-9(a) and Rule 16a-13.

What in-kind distribution did Index Ventures VI Parallel make of Figma (FIG) shares?

Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. distributed 55,684 Figma Class A Common Stock shares in-kind, without consideration, to its limited partners and general partner. Index Venture Associates VI Limited then distributed 13,921 of those shares in-kind, pro rata to its partners, under Exchange Act exemptions.

How many Figma (FIG) shares did Yucca (Jersey) SLP distribute in-kind?

On the same date as other restructurings, Yucca (Jersey) SLP distributed 23,150 Figma Class A Common Stock shares in-kind, without consideration, pro rata to its partners. This in-kind transfer was conducted under Exchange Act Rules 16a-9(a) and 16a-13, as described in the filing footnotes.