Figma (FIG) CTO sees 61,962 RSU shares withheld to cover tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. Chief Technology Officer Kris Rasmussen reported a routine tax-withholding share disposition. On May 1, 2026, 61,962 shares of Class A Common Stock were withheld at $17.70 per share to cover tax liabilities tied to the net settlement of restricted stock units.
This was not an open-market sale; the issuer retained the shares to satisfy taxes. After this transaction, Rasmussen directly owned 10,098,575 Class A shares, indicating he continues to hold a very large equity stake in the company.
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 | 61,962 | $17.70 | $1.10M |
Holdings After Transaction:
Class A Common Stock — 10,098,575 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 61,962 shares
Withholding price per share: $17.70/share
Shares held after transaction: 10,098,575 shares
3 metrics
Shares withheld for taxes
61,962 shares
Class A Common Stock withheld on May 1, 2026
Withholding price per share
$17.70/share
Value used for tax-withholding disposition
Shares held after transaction
10,098,575 shares
Direct Class A Common Stock ownership after 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
"shares of Class A Common Stock withheld by the Issuer"
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 Kris Rasmussen?
Figma reported that CTO Kris Rasmussen had 61,962 Class A shares withheld to pay taxes. The shares were retained by the company in connection with restricted stock units, rather than sold on the open market, as part of a routine tax-withholding transaction.
Was the Figma (FIG) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 61,962 Class A shares were withheld by Figma to satisfy tax withholding liabilities from restricted stock units, meaning the company took the shares for taxes instead of Rasmussen selling them to other investors.
What does the Form 4 say about Kris Rasmussen’s restricted stock units at Figma (FIG)?
The Form 4 notes that shares were withheld to cover taxes from the net settlement of restricted stock units. This indicates RSUs vested and were settled in shares, with a portion automatically used to pay tax liabilities instead of being sold in the open market.