Figma CFO has 7,037 shares withheld for taxes
Figma’s CFO had shares withheld for RSU tax obligations but continues to hold over 1.7 million FIG shares directly and indirectly.
Rhea-AI Filing Summary
Figma, Inc. (FIG) reported that its CFO and Treasurer, Praveer Melwani, had 7,037 shares of Class A Common Stock withheld on September 1, 2026 at $27.49 per share to satisfy tax withholding liabilities from the net settlement of restricted stock units. Following this withholding, he holds 1,667,507 shares directly and 118,363 shares indirectly through APM33, LLC, of which he is a manager. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 7,037 shares
Tax Withholding
2 txns
Insider
Melwani Praveer
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 7,037 | $27.49 | $193K |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,667,507 shares (Direct);
Class A Common Stock — 118,363 shares (Indirect, By APM33, LLC)
Footnotes (2)
- F1. The transaction represents the number of shares of Class A Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
- F2. These securities are held by APM33, LLC, of which the Reporting Person is a manager.
Key Figures
Shares withheld for taxes: 7,037 shares
Withholding price per share: $27.49 per share
Direct holdings after transaction: 1,667,507 shares
+1 more
4 metrics
Shares withheld for taxes
7,037 shares
Class A Common Stock withheld on September 1, 2026 to satisfy tax withholding liabilities
Withholding price per share
$27.49 per share
Price used for the 7,037 shares withheld for RSU tax obligations
Direct holdings after transaction
1,667,507 shares
Class A Common Stock directly held by CFO after September 1, 2026 withholding
Indirect holdings after transaction
118,363 shares
Class A Common Stock held indirectly through APM33, LLC
Key Terms
restricted stock units, net settlement, tax withholding liabilities
3 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
"to satisfy tax withholding liabilities in connection with the net settlement"
tax withholding liabilities financial
"withheld by the Issuer to satisfy tax withholding liabilities"
FAQ
What insider transaction did Figma (FIG) disclose for CFO Praveer Melwani?
Figma disclosed that CFO Praveer Melwani had 7,037 shares of Class A Common Stock withheld on September 1, 2026 to satisfy tax withholding liabilities related to the net settlement of restricted stock units.
Was the Figma (FIG) insider transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote states use of such a plan, so no Rule 10b5-1 plan is reported for this transaction.
Was this Figma (FIG) insider transaction a market sale or a tax withholding?
The Form 4 describes the event as shares withheld to satisfy tax withholding liabilities from RSU net settlement, not as an open-market sale. It is coded as a tax-related disposition of 7,037 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.