Figma (FIG) director granted 12,415 RSUs and reports large Sequoia fund holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reed Andrew Phillips reported acquisition or exercise transactions in this Form 4 filing.
Figma, Inc. director Reed Andrew Phillips reported an equity compensation grant and updated his indirect holdings in Class A Common Stock. He received 12,415 restricted stock units, with all shares vesting on the earlier of the first anniversary of the grant date or the issuer's next annual stockholder meeting, subject to his continued service.
The filing also lists large indirect holdings through several Sequoia-affiliated entities, including Sequoia Grove II, LLC, Sequoia Grove UK, L.P., and multiple Sequoia Capital growth and expansion funds. Phillips disclaims beneficial ownership of these indirect positions except to the extent of his pecuniary interest in the related entities.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant and indirect fund holdings; no open‑market trading.
The filing shows Reed Andrew Phillips, a director of Figma, Inc., receiving 12,415 restricted stock units at $0.00 per share. This is standard board compensation, vesting in a single tranche at the earlier of one year from grant or the next annual meeting, contingent on continued service.
Several large share positions are reported as held indirectly through Sequoia-affiliated funds and entities such as Sequoia Capital U.S. Growth Fund VIII, L.P. and Sequoia Grove II, LLC. Footnotes state that Phillips disclaims beneficial ownership of these fund-held securities beyond his pecuniary interest, indicating these are primarily fund-level positions rather than personal trading.
No buys or sells are reported, derivative positions are absent, and the transaction summary shows a single acquisition entry from the RSU grant. From an investor perspective, this appears to be a routine update rather than a signal of changing sentiment, and it does not by itself suggest a shift in the company’s outlook or governance stability.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Reed Andrew Phillips
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 12,415 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 12,415 shares (Direct, null);
Class A Common Stock — 22,152,394 shares (Indirect, Sequoia Capital U.S. Growth Fund VIII, L.P.)
Footnotes (1)
- Represents restricted stock units granted to the Reporting Person. The shares subject to this award vest in full on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continued service through such date. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth IX Management, L.P., (ii) the general partner of SC US/E Growth X Management, L.P., (iii) the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P., (iv) the general partner of SC US/E Expansion Fund I Management, L.P, which is the general partner of Sequoia Capital US/E Expansion Fund I, L.P. and (v) the general partner of SC Expansion Fund II Management, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. The Reporting Person is a member of Sequoia Grove II, LLC and a limited partner of Sequoia Grove UK, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
Key Figures
RSU grant: 12,415 shares
Grant price: $0.00 per share
Indirect holding - Sequoia Capital U.S. Growth Fund VIII, L.P.: 22,152,394 shares
+5 more
8 metrics
RSU grant
12,415 shares
Restricted stock units granted to director; vest in a single tranche
Grant price
$0.00 per share
Price per share for the 12,415 RSU award
Indirect holding - Sequoia Capital U.S. Growth Fund VIII, L.P.
22,152,394 shares
Class A Common Stock held indirectly via Sequoia Capital U.S. Growth Fund VIII, L.P.
Indirect holding - Sequoia Grove II, LLC
7,130,668 shares
Class A Common Stock held indirectly via Sequoia Grove II, LLC
Indirect holding - SC Expansion Fund II Management, L.P.
1,466,852 shares
Class A Common Stock held indirectly via SC Expansion Fund II Management, L.P.
Indirect holding - SC US/E Growth X Management, L.P.
1,971,015 shares
Class A Common Stock held indirectly via SC US/E Growth X Management, L.P.
Indirect holding - SC U.S. Growth IX Management, L.P.
1,077,911 shares
Class A Common Stock held indirectly via SC U.S. Growth IX Management, L.P.
Indirect holding - Sequoia Capital US/E Expansion Fund I, L.P.
60,000 shares
Class A Common Stock held indirectly via Sequoia Capital US/E Expansion Fund I, L.P.
Key Terms
restricted stock units, pecuniary interest, beneficial ownership, Section 16, +2 more
6 terms
restricted stock units financial
"Represents restricted stock units granted to the Reporting Person."
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.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership of the reported securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 or for any other purposes"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
limited partner financial
"a limited partner of Sequoia Grove UK, L.P."
A limited partner is an investor in a pooled investment vehicle—such as a private equity, venture capital, or real estate fund—who provides capital but does not take part in day‑to‑day management and whose financial responsibility is capped at the amount invested. For investors, being a limited partner matters because it defines how much control they have, how much risk they bear, and how returns are distributed; think of a limited partner as a silent co‑owner who shares in profits and losses while leaving operations to the fund managers.
general partner financial
"is the general partner of SC U.S. Growth IX Management, L.P."
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
FAQ
What did Reed Andrew Phillips acquire in this Figma (FIG) Form 4 filing?
Reed Andrew Phillips received 12,415 restricted stock units of Figma Class A Common Stock at no cost. These RSUs represent a stock-based compensation award rather than an open‑market purchase, and they vest in a single future installment if his board service continues.
When do Reed Andrew Phillips’ Figma RSUs reported on this Form 4 vest?
The 12,415 restricted stock units vest in full on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders. Vesting is conditioned on Phillips continuing to serve through that applicable vesting date under the award’s terms.
Does the Figma (FIG) Form 4 show any insider buying or selling by Reed Andrew Phillips?
The Form 4 does not show any open‑market buying or selling. It reports a compensatory grant of 12,415 restricted stock units and multiple large indirect holdings through Sequoia-affiliated investment entities, with no reported purchases or sales in the market.
What indirect Figma (FIG) holdings are attributed to Sequoia Grove II, LLC and Sequoia Grove UK, L.P.?
The report shows 7,130,668 shares indirectly held via Sequoia Grove II, LLC and 145,329 shares via Sequoia Grove UK, L.P. Phillips is a member or limited partner in these entities and disclaims beneficial ownership beyond his economic interest in them.
Does this Figma Form 4 indicate remaining derivative or option positions for Reed Andrew Phillips?
The derivative section of the Form 4 is empty, indicating no reportable derivative or option holdings in this filing. All disclosed positions relate to non‑derivative Class A Common Stock, primarily through Sequoia-managed funds and the new restricted stock unit grant.