Figma (FIG) CRO reports 6,076-share sale to cover RSU tax withholding
Rhea-AI Filing Summary
Figma, Inc. Chief Revenue Officer, listed as an officer and reporting person, reported an automatic sale of Class A common stock. On 12/01/2025, 6,076 shares of Class A common stock were sold at a weighted average price of $35.4481 per share, leaving the reporting person with 1,611,250 shares beneficially owned directly after the transaction.
The company explains that these shares were sold solely to cover tax withholding obligations arising from the vesting and settlement of restricted stock units through a "sell to cover" arrangement, and that the sale was not a discretionary trade by the insider. The weighted average sale price reflects block trades executed for multiple security holders within a price range of $34.26 to $36.09.
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FAQ
What insider transaction did Figma (FIG) report in this Form 4?
Figma reported that its Chief Revenue Officer sold 6,076 shares of Class A common stock on 12/01/2025. After this transaction, the officer beneficially owned 1,611,250 shares directly.
Why did the Figma (FIG) officer sell 6,076 shares of Class A common stock?
The shares were sold to cover tax withholding obligations related to the vesting and settlement of restricted stock units under a "sell to cover" arrangement, and were not discretionary trades by the reporting person.
What was the sale price for the Figma (FIG) insider transaction?
The Form 4 reports a weighted average price of $35.4481 per share. The shares were sold in block trades at prices ranging from $34.26 to $36.09, inclusive.
How many Figma (FIG) shares does the reporting person own after the transaction?
Following the reported tax-related sale, the Figma Chief Revenue Officer beneficially owned 1,611,250 shares of Class A common stock, held directly.
Was the Figma (FIG) insider sale part of a discretionary trading decision?
No. The filing states that the sales were made to satisfy tax withholding obligations linked to vesting restricted stock units and "do not represent discretionary transactions" by the reporting person.
Is the Figma (FIG) Form 4 filed by one reporting person or multiple insiders?
The document indicates that the Form 4 was filed by one reporting person, who serves as Figma's Chief Revenue Officer.