Were Shaunt Voskanian’s Figma (FIG) share sales discretionary trades?

The filing explicitly notes the sales were not discretionary. They were executed to satisfy tax withholding obligations from vesting restricted stock units via an automatic “sell to cover” arrangement, rather than representing voluntary open-market sales initiated for investment reasons.

Figma (FIG) CRO Shaunt Voskanian sells shares in tax sell-to-cover trade

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Figma Inc. Chief Revenue Officer Shaunt Voskanian reported small share sales tied to equity compensation taxes. On February 2, 2026, he sold 1,640 Class A shares at $24.3578 and 2,188 shares at $25.2405, using a pre-arranged “sell to cover” for tax withholding on vesting restricted stock units.

These transactions were executed as part of block trades for multiple security holders at weighted average prices. After the sales, Voskanian directly held 1,588,735 Class A shares of Figma, Inc.

Insights

Routine sell-to-cover tax trades with modest size and no thesis impact.

The reported sales by Figma’s Chief Revenue Officer, Shaunt Voskanian, are explicitly described as covering tax withholding from vesting restricted stock units via a “sell to cover” mechanism. This indicates the transactions are tied to equity compensation rather than discretionary portfolio changes.

He sold 1,640 and 2,188 Class A shares on February 2, 2026 at weighted average prices of $24.3578 and $25.2405, executed within block trades for multiple holders. Following these trades, he still directly owns 1,588,735 Class A shares, suggesting his overall stake remains substantial relative to the amounts sold.

The footnotes clarify the prices reflect ranges of execution and that detailed price breakdowns are available on request. Given the small size versus his remaining holdings and the tax-driven nature, this appears administratively routine rather than a signal of changing sentiment.

Insider Trade Summary

Net Seller: 3,828 shares ($95,173)

Net Sell 2 txns

Insider Voskanian Shaunt

Role Chief Revenue Officer

Sold 3,828 shs ($95K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,640	$24.3578	$40K
Sale	Class A Common Stock	2,188	$25.2405	$55K

Holdings After Transaction: Class A Common Stock — 1,590,923 shares (Direct)

Footnotes (1)

The sales reported in this line item represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $23.99 to $24.9861, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $24.99 to $25.67, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades.

Form 4 Insider Transactions: What Each Field Means →

02/04/2026 - 08:01 PM

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
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).

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^*

Voskanian Shaunt

(Last)

(First)

(Middle)

C/O FIGMA, INC.

760 MARKET STREET, FLOOR 10

(Street)

SAN FRANCISCO

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)
	Chief Revenue Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/02/2026		S⁽¹⁾		1,640	D	$24.3578⁽²⁾	1,590,923	D
Class A Common Stock	02/02/2026		S⁽¹⁾		2,188	D	$25.2405⁽³⁾	1,588,735	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported in this line item represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person.

2. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $23.99 to $24.9861, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades.

3. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $24.99 to $25.67, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades.

	/s/ Brendan Mulligan, Attorney-in-Fact	02/04/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Figma (FIG) report for Shaunt Voskanian?

Figma reported that Chief Revenue Officer Shaunt Voskanian sold Class A Common Stock on February 2, 2026. He sold 1,640 shares at $24.3578 and 2,188 shares at $25.2405 in connection with restricted stock unit vesting and related tax withholding.

Why did Figma (FIG) CRO Shaunt Voskanian sell shares on February 2, 2026?

The filing states the sales were solely to cover tax withholding obligations from vesting and settlement of restricted stock units. They were executed through a “sell to cover” transaction and are described as non-discretionary, rather than voluntary portfolio adjustments by the executive.

How many Figma (FIG) shares does Shaunt Voskanian own after the reported Form 4 trades?

After the February 2, 2026 sell-to-cover transactions, Shaunt Voskanian directly beneficially owns 1,588,735 shares of Figma’s Class A Common Stock. This figure reflects his holdings following the sale of 1,640 and 2,188 shares reported in the Form 4 filing.

At what prices were the Figma (FIG) shares sold in Shaunt Voskanian’s Form 4?

The first sale was reported at a weighted average price of $24.3578, for 1,640 shares. The second sale’s weighted average price was $25.2405, for 2,188 shares. Both prices reflect block trades within disclosed price ranges for multiple security holders.

What do the weighted average prices in the Figma (FIG) Form 4 footnotes mean?

Weighted average prices mean individual trades occurred at various prices within stated ranges, but are reported as a single average. The footnotes explain these trades ranged from $23.99 to $24.9861 and from $24.99 to $25.67, with detailed breakdowns available on request.