[Form 4] Figma, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Brendan Mulligan, General Counsel and Secretary of Figma, Inc. (FIG), reported a transaction dated 10/01/2025 in which 9,208 shares of Class A common stock were withheld by the issuer at a price of $51.87 to satisfy tax withholding obligations arising from the net settlement of restricted stock units. Following the withholding, Mr. Mulligan beneficially owned 947,006 shares of Class A common stock. The Form 4 was signed on 10/03/2025 and is filed under Section 16.

Positive

• Continued substantial ownership: reporting person retains 947,006 Class A shares after the transaction

Negative

• Share reduction via withholding: 9,208 shares were withheld at $51.87 to satisfy tax liabilities

Insights

Corporate Governance Analyst

Insider tax-withholding reduced holdings modestly; overall ownership remains large.

The filing discloses a 10/01/2025 transaction where 9,208 Class A shares were withheld at $51.87 to satisfy taxes tied to the net settlement of restricted stock units. This is documented as a withholding event rather than an open-market sale.

After the withholding, the reporting person retains 947,006 Class A shares, indicating continued substantial insider ownership which can be relevant to governance and alignment with shareholders.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mulligan Brendan

(Last) (First) (Middle)

C/O FIGMA, INC.

760 MARKET STREET, FLOOR 10

(Street)

SAN FRANCISCO CA 94102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Figma, Inc. [ FIG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/01/2025		F(1)		9,208	D	$51.87	947,006	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

	/s/ Brendan Mulligan	10/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Brendan Mulligan report on Form 4 for FIG?

He reported that 9,208 Class A shares were withheld to satisfy tax withholding from net-settled RSUs on 10/01/2025.

How many FIG shares does the insider own after the transaction?

The Form 4 shows beneficial ownership of 947,006 Class A shares following the withholding.

At what price were the withheld FIG shares recorded?

The withheld shares were recorded at a price of $51.87 per share.

What was the reason given for the transaction on the Form 4?

The filing states the shares were withheld by the issuer to satisfy tax withholding liabilities related to the net settlement of restricted stock units.

When was the Form 4 signed by the reporting person?

The Form 4 was signed by Brendan Mulligan on 10/03/2025.