Figma (FIG) CTO has shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. Chief Technology Officer Kris Rasmussen reported a tax-related share disposition tied to equity compensation. The transaction involved 8,641 shares of Class A Common Stock that were withheld by the company at a price of $18.09 per share to cover tax withholding liabilities from the net settlement of restricted stock units. After this withholding, Rasmussen directly holds 9,754,247 shares of Class A Common Stock, indicating this was a routine administrative event rather than an open-market sale.
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 | 8,641 | $18.09 | $156K |
Holdings After Transaction:
Class A Common Stock — 9,754,247 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 8,641 shares
Per-share value of withheld shares: $18.09 per share
Shares held after transaction: 9,754,247 shares
3 metrics
Shares withheld for taxes
8,641 shares
Class A Common Stock withheld for tax liabilities on RSUs
Per-share value of withheld shares
$18.09 per share
Value used for the 8,641 withheld shares
Shares held after transaction
9,754,247 shares
Direct Class A Common Stock holdings after tax 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 in connection"
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) CTO Kris Rasmussen report?
Kris Rasmussen reported a tax-related disposition of 8,641 Class A shares. The shares were withheld by Figma to satisfy tax liabilities from the net settlement of restricted stock units, rather than sold on the open market.
What does the Form 4 tax-withholding disposition mean for Figma (FIG) investors?
The Form 4 reflects routine tax withholding on equity compensation, not a discretionary sale. Shares were withheld to cover Kris Rasmussen’s tax liabilities from restricted stock units, which is generally considered an administrative event rather than a signal about Figma’s prospects.