Figma director gains 335K shares in restructuring
After pro rata Rule 16a-9 distributions, director John Osborne Lilly III’s indirect shares rose to 799,396 and direct shares to 24,700.
Rhea-AI Filing Summary
Figma, Inc. (FIG) director John Osborne Lilly III reported restructuring-related acquisitions of Class A Common Stock on 2026-08-28. An entity-related pro rata distribution from Greylock XIV Limited Partnership and Greylock XIV-A Limited Partnership resulted in 330,306 shares held indirectly through a revocable living trust, bringing that indirect position to 799,396 shares. A separate pro rata distribution from Greylock XIV Principals added 5,460 shares held directly, increasing his direct holdings to 24,700 shares. The distributions were made pursuant to Rule 16a-9 exemptions under the Exchange Act.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 335,766 shares
Other
2 txns
Insider
Lilly III John Osborne
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2 | 330,306 | $0.00 | $0.00 |
| Other | Class A Common Stock F3 | 5,460 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 799,396 shares (Indirect, By Trust);
Class A Common Stock — 24,700 shares (Direct)
Footnotes (3)
- F1. Represents shares of Class A Common Stock received pursuant to pro rata distributions by Greylock XIV Limited Partnership and Greylock XIV-A Limited Partnership to their respective partners. The distributions were made in accordance with the exemption afforded by Rule 16a-9 of the Securities Exchange Act of 1934, as amended.
- F2. These shares are held of record by a revocable living trust of which the Reporting Person is a trustee.
- F3. Represents shares of Class A Common Stock received pursuant to a pro rata distribution by Greylock XIV Principals to its partners. The distribution was made in accordance with the exemption afforded by Rule 16a-9 of the Securities Exchange Act of 1934, as amended.
Key Figures
Indirect shares acquired: 330,306 shares of Class A Common Stock
Indirect holdings after transaction: 799,396 shares of Class A Common Stock
Direct shares acquired: 5,460 shares of Class A Common Stock
+3 more
6 metrics
Indirect shares acquired
330,306 shares of Class A Common Stock
Pro rata distributions from Greylock XIV Limited Partnership and Greylock XIV-A Limited Partnership on 2026-08-28
Indirect holdings after transaction
799,396 shares of Class A Common Stock
Held by a revocable living trust after the 2026-08-28 distribution
Direct shares acquired
5,460 shares of Class A Common Stock
Pro rata distribution from Greylock XIV Principals on 2026-08-28
Direct holdings after transaction
24,700 shares of Class A Common Stock
Post-transaction balance reported for direct ownership
Restructuring-related shares
335,766 shares
Total shares involved in code J restructuring transactions summarized in the filing
Transaction price per share
$0.00 per share
Reported for both non-derivative code J transactions on 2026-08-28
Key Terms
pro rata distributions, Rule 16a-9, revocable living trust, Class A Common Stock, +1 more
5 terms
pro rata distributions financial
"Represents shares of Class A Common Stock received pursuant to pro rata distributions"
Rule 16a-9 regulatory
"The distributions were made in accordance with the exemption afforded by Rule 16a-9"
revocable living trust financial
"These shares are held of record by a revocable living trust of which the Reporting Person is a trustee"
Class A Common Stock financial
"Represents shares of Class A Common Stock received pursuant to pro rata distributions"
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.
indirect ownership financial
"These shares are held of record by a revocable living trust"
FAQ
What insider transactions did FIG director John Osborne Lilly III report on August 28, 2026?
He reported two acquisitions of Figma Class A Common Stock via code J transactions on 2026-08-28, both arising from pro rata distributions by Greylock-related entities, one to a revocable living trust and one to him directly.
What are John Osborne Lilly III’s indirect Figma (FIG) holdings after the reported transactions?
Following the transactions, his indirect holdings total 799,396 shares of Figma Class A Common Stock, held of record by a revocable living trust of which he is a trustee, as disclosed in the filing footnotes.
What are John Osborne Lilly III’s direct Figma (FIG) holdings after the Form 4 transactions?
After receiving 5,460 shares in a pro rata distribution from Greylock XIV Principals, his direct holdings increased to 24,700 shares of Figma Class A Common Stock, according to the reported post-transaction balance.
What is the significance of Rule 16a-9 in these Figma (FIG) insider transactions?
Both sets of distributions were made in accordance with the exemption afforded by Rule 16a-9 under the Securities Exchange Act of 1934, meaning they qualify as exempt pro rata distributions to partners for Section 16 reporting purposes.
Were the Figma (FIG) insider transactions reported under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is false, and the footnotes describe the transactions as pro rata partnership distributions, not trades executed under a pre-arranged Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
