Figma (NYSE: FIG) CFO granted 324,939 RSUs, holds 1,858,243 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Melwani Praveer reported acquisition or exercise transactions in this Form 4 filing.
Figma, Inc. reported that CFO and Treasurer Praveer Melwani received a grant of 324,939 restricted stock units of Class A Common Stock. Each RSU represents a right to receive one share as the award vests over time.
Following this grant, Melwani directly owns 1,858,243 shares of Class A Common Stock, some of which are represented by RSUs, and also has an additional indirect holding of 118,363 shares through APM33, LLC, where he serves as a manager.
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 |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 324,939 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,858,243 shares (Direct);
Class A Common Stock — 118,363 shares (Indirect, By APM33, LLC)
Footnotes (1)
- This includes 324,939 restricted stock units ("RSUs") that vest in accordance with the terms of the award. Each RSU represents a contingent right to receive one share of Class A Common Stock. Certain of these securities are represented by RSUs. These securities are held by APM33, LLC, of which the Reporting Person is a manager.
FAQ
What did Figma (FIG) disclose about CFO Praveer Melwani in this Form 4?
Figma disclosed that CFO and Treasurer Praveer Melwani received a grant of 324,939 RSUs of Class A Common Stock. These restricted stock units will convert into shares as they vest according to the award’s terms, increasing his equity-based compensation stake.
What are the details of the 324,939 RSUs reported by Figma (FIG)?
The filing states that 324,939 restricted stock units were awarded to the CFO. Each RSU represents a contingent right to receive one share of Figma Class A Common Stock, vesting in accordance with the terms of the specific award agreement over time.
Was this Figma (FIG) Form 4 a stock purchase or a compensation grant?
The Form 4 describes a grant or award acquisition, not an open-market purchase. Transaction code “A” and zero price per share indicate the 324,939 RSUs were issued as equity compensation rather than bought on the market for cash.