Figma (NYSE: FIG) CAO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. Chief Accounting Officer Herb Tyler reported a routine tax-related share disposition. The company withheld 1,838 shares of Class A Common Stock at an implied value of $18.09 per share to cover tax liabilities from vested restricted stock units through net settlement.
After this non-market tax-withholding transaction, Tyler directly holds 261,597 shares of Class A Common Stock. The filing reflects compensation-related share withholding rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Herb Tyler
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,838 | $18.09 | $33K |
Holdings After Transaction:
Class A Common Stock — 261,597 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,838 shares
Implied per-share value: $18.09 per share
Shares held after transaction: 261,597 shares
+2 more
5 metrics
Shares withheld for taxes
1,838 shares
Class A Common Stock withheld to satisfy tax liabilities
Implied per-share value
$18.09 per share
Value used for tax-withholding disposition of Class A shares
Shares held after transaction
261,597 shares
Direct Class A Common Stock holdings following tax withholding
Transaction code
F
Payment of tax liability by delivering or withholding securities
Tax-withholding share count
1,838 shares
Reported as taxWithholdingShares in transaction summary
Key Terms
restricted stock units, net settlement, tax withholding liabilities, Class A Common Stock, +1 more
5 terms
restricted stock units financial
"tax withholding liabilities in connection with the net settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
net settlement financial
"in connection with the net settlement of restricted stock units"
tax withholding liabilities financial
"withheld by the Issuer to satisfy tax withholding liabilities in connection with"
Class A Common Stock financial
"The transaction represents the number of shares of Class A Common Stock withheld"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Figma (FIG) executive Herb Tyler report in this Form 4 filing?
Herb Tyler reported a tax-related share disposition. Figma withheld 1,838 Class A shares at $18.09 each to satisfy tax obligations from vested restricted stock units, a routine compensation event rather than an open-market trade.
Did Herb Tyler buy or sell Figma (FIG) stock on the open market?
He did not trade on the open market. The 1,838 shares were withheld by Figma to cover tax liabilities from restricted stock units, a standard non-market transaction coded as tax-withholding disposition on the Form 4.
What does the F-code mean in Herb Tyler’s Figma (FIG) Form 4?
The F-code indicates shares were used to pay taxes or exercise costs. In this case, 1,838 Figma Class A shares were withheld by the company to cover tax liabilities from net settlement of restricted stock units, not sold in the market.
Is the reported Figma (FIG) Form 4 transaction a routine compensation event?
Yes, it is a routine compensation-related event. Shares were withheld to satisfy tax withholding liabilities from vested restricted stock units, a common administrative mechanism rather than a discretionary investment decision by Herb Tyler.