Figma, Inc. (FIG) director-linked funds make large in-kind distributions and share sale
Rhea-AI Filing Summary
Figma, Inc. director Daniel H. Rimer reported indirect transactions in Class A Common Stock largely reflecting fund-level restructurings. On August 11, 2026, entities he is associated with, including Index Ventures VI (Jersey), L.P., Index Ventures VI Parallel Entrepreneur Fund and Yucca (Jersey) SLP, made several in-kind, pro-rata distributions without consideration of more than 2.8 million shares to their partners, relying on exemptions under Rule 16a-9(a) and Rule 16a-13. On August 10, 2026, Yucca also sold 12,475 shares at $25.39 per share. Rimer continues to have indirect interests in Figma through various Index Ventures growth funds, and a direct holding of 252,549 shares, which includes 126,274 shares received in these distributions, while disclaiming beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,553,594 shares
Net Sell
8 txns
Insider
Rimer Daniel H.
Role
Director
Sold
12,475 shs ($317K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2 | 2,758,691 | -- | -- |
| Other | Class A Common Stock F3, F2 | 55,684 | -- | -- |
| Other | Class A Common Stock F1, F3, F2 | 703,594 | -- | -- |
| Other | Class A Common Stock F4, F2 | 23,150 | -- | -- |
| Sale | Class A Common Stock F2 | 12,475 | $25.39 | $317K |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 50,293,428 shares (Indirect, By Index Ventures VI (Jersey), L.P.);
Class A Common Stock — 1,015,167 shares (Indirect, By Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P.);
Class A Common Stock — 0 shares (Indirect, By Index Venture Associates VI Limited);
Class A Common Stock — 763,550 shares (Indirect, By Yucca Jersey SLP);
Class A Common Stock — 2,521,618 shares (Indirect, By Index Ventures Growth IV (Jersey), L.P.);
Class A Common Stock — 2,278,486 shares (Indirect, By Index Ventures Growth V (Jersey), L.P.);
Class A Common Stock — 252,549 shares (Direct)
Footnotes (5)
- F1. On August 11, 2026, Index Ventures VI (Jersey), L.P. ("Index VI") distributed in-kind, without consideration, 2,758,691 shares of the Issuer's Class A Common Stock pro-rata to its limited partners and its general partner, Index Venture Associates VI Limited ("IVA VI"), in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). On the same date, IVA VI distributed in-kind, without consideration, 689,673 shares of Class A Common Stock received in the Index VI distribution pro-rata to its partners, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
- F2. IVA VI is the managing general partner of Index VI and Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. ("Index VI Parallel"). Index Venture Growth Associates IV Limited ("IGA IV") is the managing general partner of Index Ventures Growth IV (Jersey), L.P. Index Ventures Growth Associates V Limited ("IGA V") is the managing general partner of Index Ventures Growth V (Jersey), L.P. Yucca (Jersey) SLP ("Yucca") is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Index funds' investment in the Issuer. The Reporting Person disclaims beneficial ownership of the shares for purposes of Section 16 of the Exchange Act except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose.
- F3. On August 11, 2026, Index VI Parallel distributed in-kind, without consideration, 55,684 shares of the Issuer's Class A Common Stock pro-rata to its limited partners and its general partner, IVA VI, in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act. On the same date, IVA VI distributed in-kind, without consideration, 13,921 shares of Class A Common Stock received in the Index VI Parallel distribution pro-rata to its partners, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
- F4. On August 11, 2026, Yucca distributed in-kind, without consideration, 23,150 shares of Class A Common Stock pro-rata to its partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
- F5. Includes 126,274 shares of Class A Common Stock received in the distributions described herein made in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
Key Figures
Open-market sale: 12,475 shares at $25.39 per share
Index VI in-kind distribution: 2,758,691 shares
Index VI Parallel in-kind distribution: 55,684 shares
+5 more
8 metrics
Open-market sale
12,475 shares at $25.39 per share
Class A Common Stock sold indirectly via Yucca (Jersey) SLP on August 10, 2026
Index VI in-kind distribution
2,758,691 shares
Distributed in-kind without consideration by Index Ventures VI (Jersey), L.P. on August 11, 2026
Index VI Parallel in-kind distribution
55,684 shares
Distributed in-kind without consideration by Index Ventures VI Parallel Entrepreneur Fund on August 11, 2026
Yucca in-kind distribution
23,150 shares
Distributed in-kind without consideration by Yucca (Jersey) SLP on August 11, 2026
Post-distribution Index VI holding
50,293,428 shares
Index Ventures VI (Jersey), L.P. indirect holding after 2,758,691-share distribution
Post-distribution Index VI Parallel holding
1,015,167 shares
Index Ventures VI Parallel Entrepreneur Fund indirect holding after 55,684-share distribution
Direct holding by reporting person
252,549 shares
Direct Class A Common Stock holding, including 126,274 shares received in distributions
Shares received in distributions
126,274 shares
Class A Common Stock received in the distributions and included in direct holding
Key Terms
in-kind distribution, Rule 16a-9(a), Rule 16a-13, pecuniary interest, +1 more
5 terms
in-kind distribution financial
"distributed in-kind, without consideration, 2,758,691 shares of the Issuer's Class A Common Stock"
A distribution of value to shareholders or beneficiaries made by transferring assets instead of paying cash, such as shares, bonds, or property. Like receiving a box of goods rather than money, it changes what you hold rather than adding liquid funds; investors care because it affects a portfolio’s composition, liquidity, tax reporting, and cost basis for the received assets.
Rule 16a-9(a) regulatory
"in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act"
Rule 16a-13 regulatory
"in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act"
pecuniary interest financial
"disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein"
beneficial ownership regulatory
"shall not be deemed an admission that such shares are beneficially owned by him"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transactions did FIG (Figma, Inc.) report for Daniel H. Rimer?
Daniel H. Rimer reported in-kind distributions of Figma Class A shares by Index and Yucca entities on August 11, 2026 and a sale of 12,475 shares at $25.39 on August 10, 2026, all held indirectly through investment vehicles.
What are Daniel H. Rimer’s remaining direct Figma (FIG) holdings after these transactions?
Following the reported transactions, Daniel H. Rimer has a direct holding of 252,549 Figma Class A shares, which includes 126,274 shares received in the described in-kind distributions, while other interests are held indirectly through Index Ventures and Yucca-related entities.
Do the reported Figma (FIG) transactions involve open-market sales or internal fund distributions?
The filing shows primarily internal, in-kind fund distributions without consideration by Index and Yucca entities on August 11, 2026, plus a single open-market or private sale of 12,475 shares at $25.39 by Yucca on August 10, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
