RSU tax withholding trims Figma (NYSE: FIG) CFO stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. CFO and Treasurer Praveer Melwani reported a tax-withholding disposition of 16,994 shares of Class A Common Stock at $29.39 per share, used to satisfy taxes on vested restricted stock units. He continues to hold 1,533,304 shares directly and 118,363 shares indirectly through APM33, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Melwani Praveer
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 16,994 | $29.39 | $499K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,533,304 shares (Direct);
Class A Common Stock — 118,363 shares (Indirect, By APM33, LLC)
Footnotes (1)
- The transaction represents the number of shares of Class A Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units. These securities are held by APM33, LLC, of which the Reporting Person is a manager.
FAQ
What insider transaction did Figma (FIG) CFO Praveer Melwani report?
Figma CFO Praveer Melwani reported a tax-withholding disposition of 16,994 Class A shares. The shares were withheld by the company at $29.39 per share to cover tax liabilities from vested restricted stock units, rather than sold in an open-market transaction.
Was the Figma (FIG) CFO’s Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 16,994 Class A shares were withheld by Figma to satisfy tax obligations arising from the net settlement of restricted stock units, according to the filing’s transaction code and footnote description.
What is APM33, LLC’s role in the Figma (FIG) insider holdings?
APM33, LLC holds 118,363 Figma Class A shares attributed as indirect ownership for CFO Praveer Melwani. The filing states these securities are held by APM33, LLC, of which he is a manager, indicating an additional layer of beneficial ownership beyond his directly held shares.
What does transaction code F mean in the Figma (FIG) Form 4 filing?
Transaction code F in this Form 4 indicates shares withheld to pay taxes or exercise costs. Here, 16,994 Figma Class A shares were withheld to satisfy tax withholding liabilities tied to net settlement of restricted stock units, rather than representing a discretionary market transaction.