Sequoia-linked funds buy 1,466,852 Figma shares
Figma, Inc. director-associated investment entities reported significant open-market purchases of Class A common stock.
Rhea-AI Filing Summary
Figma, Inc. director-associated investment entities reported significant open-market purchases of Class A common stock. Funds managed by SC Expansion Fund II Management, L.P. bought a total of 1,466,852 shares in multiple transactions at weighted average prices around $23.95–$25.90 per share.
The purchases on February 20, 2026 and February 23, 2026 were executed through entities affiliated with Sequoia Capital, and the reporting person disclaims beneficial ownership beyond his pecuniary interest. The filing also updates indirect holdings across several Sequoia funds and related entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,466,852 shares
Net Buy
9 txns
Insider
Reed Andrew Phillips
Role
Director
Bought
1,466,852 shs ($36.54M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 42,362 | $23.9503 | $1.01M |
| Purchase | Class A Common Stock | 870,387 | $24.3215 | $21.17M |
| Purchase | Class A Common Stock | 554,103 | $25.9038 | $14.35M |
| 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 — 1,466,852 shares (Indirect, SC Expansion Fund II Management, L.P.);
Class A Common Stock — 22,152,394 shares (Indirect, Sequoia Capital U.S. Growth Fund VIII, L.P.);
Class A Common Stock — 1,077,911 shares (Indirect, SC U.S. Growth IX Management, L.P.);
Class A Common Stock — 1,971,015 shares (Indirect, SC US/E Growth X Management, L.P.);
Class A Common Stock — 60,000 shares (Indirect, Sequoia Capital US/E Expansion Fund I, L.P.);
Class A Common Stock — 7,130,668 shares (Indirect, Sequoia Grove II, LLC);
Class A Common Stock — 145,329 shares (Indirect, Sequoia Grove UK, L.P.)
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.1000 to $26.0000. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the range set forth above.
- F4. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.8300 to $24.0000. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the range set forth above.
- F5. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.0001 to $24.5000. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the range set forth above.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Figma (FIG) disclose in this Form 4?
Figma disclosed that entities associated with director Reed Andrew Phillips made open-market purchases of 1,466,852 Class A shares. These transactions were executed by Sequoia-managed funds, with the reporting person disclaiming beneficial ownership beyond his pecuniary interest.
Were the Figma (FIG) insider transactions open-market purchases or another type?
The Form 4 classifies the key transactions as open-market purchases of Class A common stock, coded "P". These are standard buy transactions executed on the market, not option exercises or gifts, and are reported with detailed weighted average price ranges.
Does this Figma (FIG) Form 4 show any insider sales?
The Form 4 data show no reported sales of Figma Class A common stock. All coded transactions with share amounts are classified as purchases, and the overall transaction summary reflects a net-buy position of 1,466,852 shares for the associated entities.
What indirect Figma (FIG) holdings are updated by this Form 4?
The filing updates indirect holdings totals for several entities, including Sequoia Capital U.S. Growth Fund VIII, L.P., SC U.S. Growth IX Management, L.P., SC US/E Growth X Management, L.P., and Sequoia Grove vehicles, reflecting large existing positions in Figma shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
