Figma (FIG) CAO covers RSU tax liability with 1,297 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. Chief Accounting Officer Herb Tyler reported a routine share withholding related to equity compensation. On this Form 4, 1,297 shares of Class A Common Stock were withheld by the company at $21.14 per share to cover tax liabilities from the net settlement of restricted stock units. Following this tax-withholding disposition, Tyler directly holds 268,850 shares of Figma Class A Common Stock. This was not an open-market sale but an automatic mechanism to satisfy taxes on vested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Herb Tyler
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,297 | $21.14 | $27K |
Holdings After Transaction:
Class A Common Stock — 268,850 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withholding shares: 1,297 shares
Withholding price: $21.14 per share
Shares held after transaction: 268,850 shares
3 metrics
Tax-withholding shares
1,297 shares
Shares withheld to satisfy RSU tax liabilities
Withholding price
$21.14 per share
Value used for RSU-related tax withholding
Shares held after transaction
268,850 shares
Direct Class A holdings after tax withholding
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"
net settlement financial
"in connection with the net settlement of restricted stock units"
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 insider transaction did Figma (FIG) report for Herb Tyler?
Figma reported that Chief Accounting Officer Herb Tyler had 1,297 Class A shares withheld. The company used these shares to cover tax liabilities from the net settlement of restricted stock units, a common non-market equity compensation event.
Was Herb Tyler’s Form 4 transaction in Figma (FIG) an open-market sale?
No, the transaction was not an open-market sale. The 1,297 Class A shares were withheld by Figma to satisfy tax withholding liabilities tied to restricted stock unit vesting, rather than being sold by Tyler on the open market.
What does the F-code mean in Herb Tyler’s Figma (FIG) Form 4?
The F-code on the Form 4 indicates a tax-withholding disposition. It shows that shares were withheld by Figma to pay exercise price or tax liabilities, here specifically covering taxes from restricted stock unit net settlement rather than representing a voluntary market sale.