Figma (FIG) sees Greylock funds shift 14.6M shares in in-kind payouts
Rhea-AI Filing Summary
Greylock XIV GP LLC reported disposition transactions in this Form 4 filing.
Figma, Inc. reported that Greylock-affiliated funds reallocated large indirect holdings of Class A Common Stock through code J transactions. Greylock XIV Limited Partnership made a pro-rata, in-kind distribution of 13,144,577 shares, leaving it with 39,433,730 shares held indirectly. Greylock XIV-A Limited Partnership and Greylock XIV Principals LLC each distributed 730,257 shares and now each hold 2,190,772 shares indirectly. Footnotes state these were non-cash, in-kind distributions to partners or members under Exchange Act Rules 16a-13 and 16a-9, and Greylock XIV GP LLC disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,605,091 shares
Net Sell
3 txns
Insider
Greylock XIV GP LLC, Greylock XIV Limited Partnership, Greylock XIV-A Limited Partnership, Greylock XIV Principals LLC
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2 | 13,144,577 | $0.00 | $0.00 |
| Other | Class A Common Stock F1, F2 | 730,257 | $0.00 | $0.00 |
| Other | Class A Common Stock F1, F2 | 730,257 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 39,433,730 shares (Indirect, By Greylock XIV Limited Partnership);
Class A Common Stock — 2,190,772 shares (Indirect, By Greylock XIV-A Limited Partnership);
Class A Common Stock — 2,190,772 shares (Indirect, By Greylock XIV Principals LLC)
Footnotes (2)
- F1. Represents a pro-rata, in-kind distribution by the Reporting Person and its affiliated funds and associated persons, without additional consideration, to its respective partners, members and/or assigns. Such distribution was made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
- F2. Greylock XIV GP LLC ("Greylock XIV GP") is the sole general partner of each of Greylock XIV Limited Partnership ("Greylock XIV") and Greylock XIV-A Limited Partnership ("Greylock XIV-A") and manager of Greylock XIV Principals LLC ("Greylock XIV Principals") and may be deemed to share voting and dispositive power with respect to the shares held directly by Greylock XIV, Greylock XIV-A and Greylock XIV Principals. Greylock XIV GP disclaims beneficial ownership of the securities held by Greylock XIV, Greylock XIV-A and Greylock XIV Principals, except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission by Greylock XIV GP of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
Key Figures
Greylock XIV distribution: 13,144,577 shares
Greylock XIV post-transaction holdings: 39,433,730 shares
Greylock XIV-A distribution: 730,257 shares
+4 more
7 metrics
Greylock XIV distribution
13,144,577 shares
Class A Common Stock disposed on 2026-08-07 via code J transaction
Greylock XIV post-transaction holdings
39,433,730 shares
Indirect Class A Common Stock held by Greylock XIV Limited Partnership
Greylock XIV-A distribution
730,257 shares
Class A Common Stock disposed on 2026-08-07 via code J transaction
Greylock XIV-A post-transaction holdings
2,190,772 shares
Indirect Class A Common Stock held by Greylock XIV-A Limited Partnership
Greylock XIV Principals distribution
730,257 shares
Class A Common Stock disposed on 2026-08-07 via code J transaction
Greylock XIV Principals post-transaction holdings
2,190,772 shares
Indirect Class A Common Stock held by Greylock XIV Principals LLC
Total restructuring shares
14,605,091 shares
Aggregate shares in restructuring-type code J transactions
Key Terms
pro-rata, in-kind distribution, Rules 16a-13 and 16a-9, dispositive power, pecuniary interest
4 terms
pro-rata, in-kind distribution financial
"Represents a pro-rata, in-kind distribution by the Reporting Person and its affiliated funds"
Rules 16a-13 and 16a-9 regulatory
"made in accordance with the exemption afforded by Rules 16a-13 and 16a-9"
dispositive power financial
"may be deemed to share voting and dispositive power with respect to the shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of any pecuniary interest therein"
FAQ
What insider transactions did Figma (FIG) disclose involving Greylock entities?
Figma disclosed that Greylock XIV, Greylock XIV-A and Greylock XIV Principals executed code J transactions involving 14,605,091 Class A shares. These were described as pro-rata, in-kind distributions to their partners or members, rather than cash sales in the market.
What were the post-transaction holdings for Greylock XIV-A in Figma (FIG)?
Greylock XIV-A Limited Partnership reported indirect holdings of 2,190,772 Figma Class A shares after distributing 730,257 shares. The distribution was characterized as a non-cash, in-kind transfer to its partners under Exchange Act rules cited in the footnotes.
Were the Figma (FIG) Greylock distributions market sales or internal transfers?
The filing describes the Greylock transactions as pro-rata, in-kind distributions to partners, members or assigns, with no additional consideration. Footnotes also reference Exchange Act Rules 16a-13 and 16a-9, indicating internal reallocations rather than open-market sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
