Figma (FIG) CAO sells 2,232 shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. Chief Accounting Officer Herb Tyler reported automatic sales of Class A common stock to cover taxes on vested restricted stock units. On February 2, 2026, he sold 956 shares at a weighted average price of $24.3578 and 1,276 shares at a weighted average price of $25.2405 through block trades for multiple security holders.
The filing explains these were "sell to cover" transactions executed to satisfy tax withholding obligations and are described as non-discretionary for the reporting person. After these sales, Tyler directly beneficially owned 195,926 shares of Figma Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,232 shares ($55,493)
Net Sell
2 txns
Insider
Herb Tyler
Role
Chief Accounting Officer
Sold
2,232 shs ($55K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 956 | $24.3578 | $23K |
| Sale | Class A Common Stock | 1,276 | $25.2405 | $32K |
Holdings After Transaction:
Class A Common Stock — 197,202 shares (Direct)
Footnotes (1)
- The sales reported in this line item represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $23.99 to $24.9861, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $24.99 to $25.67, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades.
FAQ
What insider transaction did Figma (FIG) report for Herb Tyler?
Figma reported that Chief Accounting Officer Herb Tyler sold shares of Class A common stock to cover tax withholding on vested restricted stock units. The sales were automatic "sell to cover" trades rather than discretionary open-market selling.
What is the role of Herb Tyler at Figma (FIG)?
Herb Tyler serves as Figma’s Chief Accounting Officer, as disclosed in the Form 4 insider report. His position classifies him as an officer of the company, requiring public reporting of his transactions in Figma’s equity securities.