Figma (FIG) CEO Dylan Field settles RSUs, withholds 3,034,868 shares
Rhea-AI Filing Summary
Figma, Inc. President & CEO Dylan Field reported the settlement of a large performance-based RSU award into 5,625,000 shares of Class B Common Stock on March 2, 2026. The RSUs vested after market capitalization targets were certified by the board’s compensation committee.
The Class B shares were acquired at a stated price of $0.00 per share through a derivative exercise, then 3,034,868 shares of Class B Common Stock were withheld by the company at $29.39 per share to satisfy tax withholding obligations, rather than sold in the open market.
After these transactions, Field directly owns 37,987,566 Class B shares and also reports indirect ownership of 14,754,517 Class B shares held by LLL Investments LLC, 523,289 shares in the Field 2024 GRAT Remainder Trust, and 1,122,908 shares in the Field 2021 Descendants Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,625,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 5,625,000 | $0.00 | -- |
| Tax Withholding | Class B Common Stock | 3,034,868 | $29.39 | $89.19M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. The award was granted subject to a performance-based vesting condition that was satisfied in connection with the Issuer's initial public offering, as well as service-based and market-based vesting conditions, with the market-based vesting condition comprised of three tranches representing 1,875,000, 3,750,000 and 5,625,000 of the underlying shares of the Issuer's Class B Common Stock, respectively, that were satisfied upon the achievement of certain public market capitalization targets as certified by the Compensation Committee of the Issuer's Board of Directors on October 21, 2025. The award settled with respect to 50% of the RSUs underlying the award on November 17, 2025 and with respect to the remaining 50% of the RSUs underlying the award on March 2, 2026. Each share of Class B Common Stock is convertible into one share of the lssuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value, or upon the occurrence of certain events or conditions described in the Issuer's Amended and Restated Certificate of Incorporation. The transaction represents the number of shares of Class B Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of RSUs. These shares are held of record by LLL Investments LLC which is associated with the Reporting Person. These shares are held by the Field 2024 GRAT Remainder Trust, of which A7P Trust Company serves as trustee and may be replaced at the discretion of the Reporting Person. These shares are held by the Field 2021 Descendants Trust, of which Bryn Mawr Trust Company of Delaware serves as trustee and may be replaced at the discretion of the Reporting Person.