Figma (FIG) CRO sees 8,081 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. reported a routine insider share withholding by its Chief Revenue Officer, Shaunt Voskanian. On Class A Common Stock tied to restricted stock units, 8,081 shares were withheld by the company at $21.14 per share to cover tax obligations. This was a tax-withholding disposition, not an open-market sale or purchase. After the transaction, Voskanian directly held 1,888,978 shares of Class A Common Stock, indicating he retains a large equity position in the company.
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 | $21.14 | $171K |
Holdings After Transaction:
Class A Common Stock — 1,888,978 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 8,081 shares
Withholding price per share: $21.14 per share
Shares held after transaction: 1,888,978 shares
3 metrics
Shares withheld for taxes
8,081 shares
Class A Common Stock withheld for RSU tax liabilities
Withholding price per share
$21.14 per share
Value used for tax-withholding disposition
Shares held after transaction
1,888,978 shares
Voskanian’s direct Class A Common Stock holdings post-transaction
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
"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 Shaunt Voskanian?
Figma reported that Chief Revenue Officer Shaunt Voskanian had 8,081 shares of Class A Common Stock withheld to cover taxes on vested restricted stock units. This tax-withholding disposition is a routine, non-market transaction rather than an open-market trade.
Was the Figma (FIG) insider transaction an open-market sale or purchase?
No, the transaction was not an open-market sale or purchase. It was a Form 4 code F event, where 8,081 shares were withheld by Figma to satisfy tax withholding liabilities from restricted stock unit settlement.
What does a Form 4 code F transaction mean for Figma (FIG) investors?
A Form 4 code F indicates shares were withheld to pay taxes or exercise costs, not traded on the market. For Figma, 8,081 shares were withheld for Shaunt Voskanian’s tax liabilities, a typical administrative event associated with equity compensation.