Figma (FIG) CTO has 8,641 shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. Chief Technology Officer Kris Rasmussen reported a tax-related share disposition tied to restricted stock units. The company withheld 8,641 shares of Class A Common Stock at $21.14 per share to cover tax withholding liabilities from an RSU net settlement. After this withholding, Rasmussen directly holds 10,160,537 Class A shares, indicating this was an administrative tax event rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rasmussen Kris
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 8,641 | $21.14 | $183K |
Holdings After Transaction:
Class A Common Stock — 10,160,537 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 8,641 shares
Withholding share price: $21.14/share
Shares held after transaction: 10,160,537 shares
3 metrics
Shares withheld for taxes
8,641 shares
Class A Common Stock withheld for RSU tax liabilities
Withholding share price
$21.14/share
Value applied to withheld RSU shares
Shares held after transaction
10,160,537 shares
Direct Class A holdings after tax withholding
Key Terms
restricted stock units, net settlement, tax withholding liabilities, 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.
net settlement financial
"in connection with the net settlement of restricted stock units"
tax withholding liabilities financial
"withheld by the Issuer to satisfy tax withholding liabilities"
Class A Common Stock financial
"The transaction represents the number of shares of Class A Common Stock withheld"
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) CTO Kris Rasmussen report in this Form 4?
Kris Rasmussen reported shares withheld to cover taxes on vested RSUs. 8,641 Class A shares were retained by Figma at $21.14 per share, a non-market tax-withholding event rather than a traditional stock sale.
Was the Figma (FIG) Form 4 transaction an open-market stock sale?
No, it was not an open-market sale. The Form 4 shows shares withheld by Figma to satisfy tax withholding liabilities from restricted stock units, a standard administrative step when equity awards vest.
What does “net settlement of restricted stock units” mean for Figma (FIG)?
Net settlement means some vested RSU shares are withheld rather than delivered to the executive. For Figma, 8,641 shares of Class A stock were withheld to cover Kris Rasmussen’s RSU-related tax liabilities instead of him receiving all vested shares.