Figma (NYSE: FIG) CRO uses 8,081 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. Chief Revenue Officer Shaunt Voskanian reported a routine tax-withholding transaction. The company withheld 8,081 shares of Class A Common Stock at $25.50 per share to cover tax liabilities from the net settlement of restricted stock units.
These shares were not sold in the open market but retained by the issuer for taxes. After this non-market disposition, Voskanian directly holds 1,868,890 shares of Figma Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Voskanian Shaunt
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 8,081 | $25.50 | $206K |
Holdings After Transaction:
Class A Common Stock — 1,868,890 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 8,081 shares
Withholding price: $25.50 per share
Shares held after transaction: 1,868,890 shares
3 metrics
Shares withheld for taxes
8,081 shares
Class A Common Stock withheld to satisfy tax liabilities on RSUs
Withholding price
$25.50 per share
Value used for tax-withholding disposition of 8,081 shares
Shares held after transaction
1,868,890 shares
Direct Class A Common Stock holdings after tax-withholding event
Key Terms
restricted stock units, tax withholding liabilities, net settlement, Class A Common Stock
4 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding liabilities financial
"withheld by the Issuer to satisfy tax withholding liabilities in connection"
net settlement financial
"in connection with the net settlement of restricted stock units."
Class A Common Stock financial
"shares of Class A Common Stock withheld by the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Figma (FIG) CRO Shaunt Voskanian report in this Form 4?
Figma CRO Shaunt Voskanian reported a tax-withholding disposition of shares. The company withheld Class A Common Stock to cover tax liabilities from restricted stock units, rather than selling shares in the open market, leaving his overall direct holdings largely unchanged.
Was the Figma (FIG) CRO’s Form 4 transaction an open-market sale?
No, the transaction was a tax-withholding event, not an open-market sale. Shares were withheld by Figma to cover tax liabilities from restricted stock units, as noted in the footnote, and were not sold by the CRO on an exchange.