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Figma, Inc. (NYSE: FIG) CFO cashless option exercise and 381K-share sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Figma, Inc. CFO and Treasurer Praveer Melwani exercised stock options for 395,478 shares of Class A Common Stock at $23.193 per share and, on the same day, sold 381,288 shares at a weighted average price of $25.1291 under a Rule 10b5-1 trading plan. Proceeds funded a broker-assisted cashless exercise, related fees and withholding taxes. Indirect holdings of 118,363 shares are reported through APM33, LLC, of which Melwani is a manager.

Positive

  • None.

Negative

  • None.
Insider Melwani Praveer
Role CFO and Treasurer
Sold 381,288 shs ($9.58M)
Approx. gross sale proceeds $9.58M
Approx. exercise cost $9.17M
Type Security Shares Price Value
Exercise Stock Option (Right to Buy) F5, F6 395,478 $0.00 $0.00
Exercise Class A Common Stock 395,478 $23.193 $9.17M
Sale Class A Common Stock F1, F2, F3 381,288 $25.1291 $9.58M
holding Class A Common Stock F4 -- -- --
Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct); Class A Common Stock — 1,725,716 shares (Direct); Class A Common Stock — 118,363 shares (Indirect, By APM33, LLC)
Footnotes (6)
  1. F1. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2025, as modified on February 27, 2026.
  2. F2. Proceeds from the sale were used to pay the exercise price of the stock option, pursuant to a broker-assisted cashless exercise, as well as applicable broker fees and withholding taxes.
  3. F3. Represents the weighted average sale price. The lowest price at which shares were sold was $25.00 and the highest price at which shares were sold was $25.36. 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.
  4. F4. These securities are held by APM33, LLC, of which the Reporting Person is a manager.
  5. F5. The option is fully vested.
  6. F6. The award expires upon the earlier of (a) August 21, 2029 and (b) the date that is one year following the Issuer's initial public offering.
Options exercised 395,478 shares Stock options for Class A Common Stock exercised on 2026-07-29 at $23.193 per share
Shares sold 381,288 shares Class A Common Stock sold on 2026-07-29 at $25.1291 weighted average price
Sale price range $25.00–$25.36 per share Lowest and highest prices at which the shares were sold
Indirect holdings 118,363 shares Class A Common Stock held indirectly through APM33, LLC
Option exercise price $23.193 per share Exercise price of stock option covering 395,478 shares
10b5-1 plan adoption date August 5, 2025 Date CFO adopted the Rule 10b5-1 trading plan used for these sales
10b5-1 plan modification date February 27, 2026 Date the Rule 10b5-1 trading plan was modified
Rule 10b5-1 trading plan regulatory
"The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
broker-assisted cashless exercise financial
"Proceeds from the sale were used to pay the exercise price ... pursuant to a broker-assisted cashless exercise"
weighted average sale price financial
"Represents the weighted average sale price. The lowest price at which shares were sold"
withholding taxes financial
"Proceeds ... were used to pay the exercise price ... as well as applicable broker fees and withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did Figma (FIG) CFO Praveer Melwani report?
Figma (FIG) CFO Praveer Melwani exercised options for 395,478 shares of Class A Common Stock at $23.193 per share and sold 381,288 shares the same day at a weighted average price of $25.1291 under a Rule 10b5-1 trading plan.

How many Figma (FIG) shares did the CFO sell and at what prices?
The CFO sold 381,288 shares of Figma (FIG) Class A Common Stock at a weighted average price of $25.1291 per share. Footnotes state the sale prices ranged from $25.00 to $25.36, with detailed breakdowns available upon request.

Was the Figma (FIG) CFO’s sale under a Rule 10b5-1 trading plan?
Yes. The sales were effected under a Rule 10b5-1 trading plan adopted by the Figma (FIG) CFO on August 5, 2025 and modified on February 27, 2026, indicating the trades were pre-arranged rather than discretionary on the trade date.

What is a broker-assisted cashless exercise in the Figma (FIG) CFO transaction?
In this Figma (FIG) transaction, a broker-assisted cashless exercise meant sale proceeds from the shares were used to pay the option exercise price, broker fees and withholding taxes, so the CFO did not separately provide cash for those obligations.

What Figma (FIG) share holdings does the CFO report after these trades?
The filing reports 118,363 shares of Figma (FIG) Class A Common Stock held indirectly through APM33, LLC, of which the CFO is a manager. This position is disclosed as indirect ownership by that entity, separate from directly held shares.

What were the key terms of the Figma (FIG) stock option exercised by the CFO?
The Figma (FIG) CFO exercised a fully vested stock option for 395,478 shares at an exercise price of $23.193 per share. Footnotes state the award expires on the earlier of August 21, 2029 or one year after Figma’s initial public offering.
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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).
X
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*
Melwani Praveer
(Last)(First)(Middle)
C/O FIGMA, INC.
760 MARKET STREET, FLOOR 10
(Street)
SAN FRANCISCO CALIFORNIA 94102
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Figma, Inc. [ FIG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CFO and Treasurer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock07/29/2026M395,478A$23.1932,107,004D
Class A Common Stock07/29/2026S(1)(2)381,288D$25.1291(3)1,725,716D
Class A Common Stock118,363IBy APM33, LLC(4)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$23.19307/29/2026M395,478 (5) (6)Class A Common Stock395,478$00D
Explanation of Responses:
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 5, 2025, as modified on February 27, 2026.
2. Proceeds from the sale were used to pay the exercise price of the stock option, pursuant to a broker-assisted cashless exercise, as well as applicable broker fees and withholding taxes.
3. Represents the weighted average sale price. The lowest price at which shares were sold was $25.00 and the highest price at which shares were sold was $25.36. 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.
4. These securities are held by APM33, LLC, of which the Reporting Person is a manager.
5. The option is fully vested.
6. The award expires upon the earlier of (a) August 21, 2029 and (b) the date that is one year following the Issuer's initial public offering.
/s/ Brendan Mulligan, Attorney-in-Fact07/31/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR