Dylan Field trades Figma (FIG) Class A and B shares under 10b5-1 plan
Rhea-AI Filing Summary
Figma, Inc. director, president and CEO Dylan Field reported derivative conversions and open-market sales of company stock. On February 26, 2026, he converted 250,000 shares of Class B Common Stock into Class A shares directly, with additional Class B conversions held indirectly through LLL Investments LLC and trusts. He then sold a total of 486,930 Class A shares in several open-market transactions at weighted-average prices generally between $29.88 and $32.62 per share, under a Rule 10b5-1 trading plan adopted on August 4, 2025 known as the Field Diversification Plan. After these transactions, Field held 35,397,434 shares of Class B Common Stock directly and 1,122,908 shares of Class B Common Stock indirectly through the Field 2024 GRAT Remainder Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 250,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 62,500 | $0.00 | -- |
| Conversion | Class B Common Stock | 174,430 | $0.00 | -- |
| Conversion | Class A Common Stock | 250,000 | $0.00 | -- |
| Sale | Class A Common Stock | 237,713 | $30.7637 | $7.31M |
| Sale | Class A Common Stock | 12,287 | $31.4812 | $387K |
| Conversion | Class A Common Stock | 62,500 | $0.00 | -- |
| Sale | Class A Common Stock | 59,430 | $30.7637 | $1.83M |
| Sale | Class A Common Stock | 3,070 | $31.4812 | $97K |
| Conversion | Class A Common Stock | 174,430 | $0.00 | -- |
| Sale | Class A Common Stock | 117,617 | $30.2969 | $3.56M |
| Sale | Class A Common Stock | 33,177 | $31.4357 | $1.04M |
| Sale | Class A Common Stock | 23,636 | $32.1483 | $760K |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 4, 2025 (the "Field Diversification Plan"). Represents the weighted average sale price. The lowest price at which shares were sold was $30.40 and the highest price at which shares were sold was $31.39. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein. Represents the weighted average sale price. The lowest price at which shares were sold was $31.40 and the highest price at which shares were sold was $31.62. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein. These shares are held of record by LLL Investments LLC which is associated with the Reporting Person. These shares are held by the Field 2024 GRAT Remainder Trust, of which A7P Trust Company serves as trustee and may be replaced at the discretion of the Reporting Person. On February 20, 2026, the Dylan Field 2024 Annuity Trust, of which the Reporting Person is trustee, transferred, for no consideration, 697,719 shares of Class B Common Stock to the Field 2024 GRAT Remainder Trust. Represents the weighted average sale price. The lowest price at which shares were sold was $29.88 and the highest price at which shares were sold was $30.87. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein. Represents the weighted average sale price. The lowest price at which shares were sold was $30.88 and the highest price at which shares were sold was $31.87. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein. Represents the weighted average sale price. The lowest price at which shares were sold was $31.88 and the highest price at which shares were sold was $32.62. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein. Each share of Class B Common Stock is convertible into one share of the lssuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value, or upon the occurrence of certain events or conditions described in the Issuer's Amended and Restated Certificate of Incorporation. On February 20, 2026, the Dylan Field 2024 Annuity Trust, of which the Reporting Person is trustee, transferred, for no consideration, 437,606 shares of Class B Common Stock to the Reporting Person. These shares are held by the Field 2021 Descendants Trust, of which Bryn Mawr Trust Company of Delaware serves as trustee and may be replaced at the discretion of the Reporting Person.