Figma, Inc. received an amended Schedule 13G from a group of ICONIQ-affiliated funds and principals reporting relatively small holdings of its Class A common stock. ICONIQ Strategic Partners VII directly owns 1,660,199 shares (about 0.4%), and ICONIQ Strategic Partners VII-B owns 4,133,370 shares (about 1.0%). Their general partners, ICONIQ Strategic Partners VII GP and ICONIQ Strategic Partners VII TT GP, may be deemed to beneficially own a combined 5,793,569 shares, or about 1.4% of the class based on 415,909,379 shares outstanding as of October 31, 2025. ICONIQ Capital-managed accounts hold 15,151 shares, while individuals Divesh Makan, William J.G. Griffith and Matthew Jacobson each report beneficial ownership between roughly 1.4% and 1.6%, including interests through ICONIQ funds and family trusts. All reporting persons indicate ownership of 5% or less of Figma’s Class A common stock and expressly disclaim membership in a Rule 13d-5(b)(1) “group.”
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Figma, Inc.
(Name of Issuer)
CLASS A COMMON STOCK, PAR VALUE $0.00001
(Title of Class of Securities)
316841105
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
ICONIQ Strategic Partners VII, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,660,199.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,660,199.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,660,199.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.4 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The percent of class is based upon 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
ICONIQ Strategic Partners VII-B, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,133,370.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,133,370.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,133,370.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.0 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The percent of class is based upon 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
ICONIQ Strategic Partners VII GP, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
5,793,569.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
5,793,569.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,793,569.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.4 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The reported share amounts represent shares of Class A Common Stock held by ICONIQ Strategic Partners VII, L.P. and ICONIQ Strategic Partners VII-B, L.P. ICONIQ Strategic Partners VII GP, L.P. is the general partner of ICONIQ Strategic Partners VII, L.P. and ICONIQ Strategic Partners VII-B, L.P. and may be deemed to beneficially own the shares held by such funds.
The percent of class is based upon 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
ICONIQ Strategic Partners VII TT GP, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
5,793,569.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
5,793,569.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,793,569.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.4 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: The reported share amounts represent shares of Class A Common Stock held by ICONIQ Strategic Partners VII, L.P. and ICONIQ Strategic Partners VII-B, L.P. ICONIQ Strategic Partners VII GP, L.P. is the general partner of ICONIQ Strategic Partners VII, L.P. and ICONIQ Strategic Partners VII-B, L.P. and may be deemed to beneficially own the shares held by such funds. ICONIQ Strategic Partners VII TT GP, Ltd. is the general partner if ICONIQ Strategic Partners GP, L.P.
The percent of class is based upon 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
ICQ INVESTMENTS, LP (SERIES IX)
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
ICQ INVESTMENTS, LP (SERIES XXII)
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
ICQ MANAGEMENT, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
ICONIQ CAPITAL, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
15,151.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
15,151.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
15,151.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Represents shares of Class A Common Stock held by separately managed accounts (the "Managed Accounts") for which ICONIQ Capital, LLC serves as investment adviser. In its capacity as investment adviser, ICONIQ Capital, LLC has the right to exercise voting and investment power over the shares held in the Managed Accounts and therefore may be deemed to beneficially own the shares held in the Managed Accounts. ICONIQ Capital, LLC receives asset-based fees for its investment management services and as such does not have a pecuniary interest in the shares held in the Managed Accounts.
The percent of class is based upon 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
ICONIQ CAPITAL GROUP, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
15,151.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
15,151.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
15,151.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Represents shares of Class A Common Stock held by separately Managed Accounts for which ICONIQ Capital, LLC serves as investment adviser. In its capacity as investment adviser, ICONIQ Capital, LLC has the right to exercise voting and investment power over the shares held in the Managed Accounts and therefore may be deemed to beneficially own the shares held in the Managed Accounts. ICONIQ Capital, LLC receives asset-based fees for its investment management services and as such does not have a pecuniary interest in the shares held in the Managed Accounts. ICONIQ Capital Group, L.P. is the sole member of ICONIQ Capital, LLC.
The percent of class is based upon 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
ICONIQ CAPITAL GROUP GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
15,151.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
15,151.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
15,151.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Represents shares of Class A Common Stock held by Managed Accounts for which ICONIQ Capital, LLC serves as investment adviser. In its capacity as investment adviser, ICONIQ Capital, LLC has the right to exercise voting and investment power over the shares held in the Managed Accounts and therefore may be deemed to beneficially own the shares held in the Managed Accounts. ICONIQ Capital, LLC receives asset-based fees for its investment management services and as such does not have a pecuniary interest in the shares held in the Managed Accounts. ICONIQ Capital Group, L.P. is the sole member of ICONIQ Capital, LLC. ICONIQ Capital Group GP, LLC is the general partner of ICONIQ Capital Group, L.P.
The percent of class is based upon 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
Divesh Makan
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6,623,222.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
6,623,222.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,623,222.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.6 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The reported share amounts represent (i) 814,502 shares of Class A Common Stock held by Makan through his family trust of which he is a trustee and (ii) 5,808,720 shares of Class A Common Stock held by ICONIQ Strategic Partners VII, L.P., ICONIQ Strategic Partners VII-B, L.P. and ICONIQ Capital, LLC. ICONIQ Strategic Partners VII GP, L.P. is the general partner of ICONIQ Strategic Partners VII, L.P. and ICONIQ Strategic Partners VII-B, L.P. and may be deemed to beneficially own the shares held by such funds. ICONIQ Strategic Partners VII TT GP, Ltd. is the general partner of ICONIQ Strategic Partners GP, L.P. Divesh Makan is the sole member of ICONIQ Capital Group GP, LLC. Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of ICONIQ Strategic Partners VII TT GP, Ltd.
The percent of class is based upon 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
William J.G. Griffith
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6,607,726.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
6,607,726.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,607,726.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.6 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The reported share amounts represent (i) 814,157 shares of Class A Common Stock held by Griffith through his family trust of which he is trustee and (ii) 5,793,569 shares of Class A Common Stock held by ICONIQ Strategic Partners VII, L.P. and ICONIQ Strategic Partners VII-B, L.P. ICONIQ Strategic Partners VII GP, L.P. is the general partner of ICONIQ Strategic Partners VII, L.P. and ICONIQ Strategic Partners VII-B, L.P. and may be deemed to beneficially own the shares held by such funds. ICONIQ Strategic Partners VII TT GP, Ltd. is the general partner if ICONIQ Strategic Partners GP, L.P. Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of ICONIQ Strategic Partners VII TT GP, Ltd.
The percent of class is based upon 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
SCHEDULE 13G
CUSIP No.
316841105
1
Names of Reporting Persons
Matthew Jacobson
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
5,793,569.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
5,793,569.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,793,569.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.4 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The reported share amounts represent shares of Class A Common Stock held by ICONIQ Strategic Partners VII, L.P. and ICONIQ Strategic Partners VII-B, L.P. ICONIQ Strategic Partners VII GP, L.P. is the general partner of ICONIQ Strategic Partners VII, L.P. and ICONIQ Strategic Partners VII-B, L.P. and may be deemed to beneficially own the shares held by such funds. ICONIQ Strategic Partners VII TT GP, Ltd. is the general partner if ICONIQ Strategic Partners GP, L.P. Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of ICONIQ Strategic Partners VII TT GP, Ltd.
The percent of class is based upon 415,909,379 shares of Class A Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Figma, Inc.
(b)
Address of issuer's principal executive offices:
760 Market Street, Floor 10, San Francisco, CA 94102
Item 2.
(a)
Name of person filing:
(i) ICONIQ Strategic Partners VII, L.P., a Cayman Islands exempted limited partnership ("ICONIQ VII").
(ii) ICONIQ Strategic Partners VII-B, L.P., a Cayman Islands exempted limited partnership ("ICONIQ VII-B" and together with ICONIQ VII, the "ICONIQ VII Funds").
(iii) ICONIQ Strategic Partners VII GP, L.P., a Cayman Islands exempted limited partnership ("ICONIQ VII GP"), the sole general partner of the ICONIQ VII Funds.
(iv) ICONIQ Strategic Partners VII TT GP, Ltd., a Cayman Islands exempted company ("ICONIQ VII Parent GP"), the sole general partner of ICONIQ VII GP.
(v) ICQ Investments, LP (Series IX), a Delaware limited partnership ("ICQ IX").
(vi) ICQ Investments, LP (Series XXII), a Delaware limited partnership ("ICQ XXII" and together with ICQ IX, the "ICQ Funds").
(vii) ICQ Management, LLC, a Delaware limited liability company ("ICQ Management"), the sole general partner of the ICQ Funds.
(viii) ICONIQ Capital, LLC, a Delaware limited liability company ("ICONIQ Capital").
(ix) ICONIQ Capital Group, L.P., a Delaware limited partnership ("ICONIQ Capital Group"), the sole member of ICONIQ Capital.
(x) ICONIQ Capital Group GP, LLC, a Delaware limited liability company ("ICONIQ Capital GP"), the general partner of ICONIQ Capital Group.
(xi) Divesh Makan, a citizen of the United States ("Makan"), the sole managing member of ICQ Management and the sole member of ICONIQ Capital GP.
(xii) William J.G. Griffith, a citizen of the United States ("Griffith").
(xiii) Matthew Jacobson, a citizen of the United States ("Jacobson"), together with Makan and Griffith, are the sole equity holders of ICONIQ VII Parent GP.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the reporting persons is c/o ICONIQ Capital, 50 Beale St., Ste. 2300, San Francisco, CA 94105.
(c)
Citizenship:
See Item 2(a) above.
(d)
Title of class of securities:
CLASS A COMMON STOCK, PAR VALUE $0.00001
(e)
CUSIP No.:
316841105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
(i) ICONIQ VII directly owns 1,660,199 shares of Class A Common Stock, which represents approximately 0.4% of the outstanding Class A Common Stock.
(ii) ICONIQ VII-B directly owns 4,133,370 shares of Class A Common Stock, which represents approximately 1.0% of the outstanding Class A Common Stock.
(iii) ICONIQ VII GP may be deemed to beneficially own an aggregate of 5,793,569 shares of Class A Common Stock held by the ICONIQ VII Funds, which represents approximately 1.4% of the outstanding Class A Common Stock.
(iv) ICONIQ VII Parent GP may be deemed to beneficially own an aggregate of 5,793,569 shares of Class A Common Stock held by the ICONIQ VII Funds, which represents approximately 1.4% of the outstanding Class A Common Stock.
(v) ICQ IX directly owns 0 shares of Class A Common Stock, which represents 0.0% of the outstanding Class A Common Stock.
(vi) ICQ XXII directly owns 0 shares of Class A Common Stock, which represents 0.0% of the outstanding Class A Common Stock.
(vii) ICQ Management may be deemed to beneficially own 0 shares of Class A Common Stock, which represents 0.0% of the outstanding Class A Common Stock.
(viii) ICONIQ Capital may be deemed to beneficially own 15,151 shares of Class A Common Stock held by Managed Accounts for which ICONIQ Capital serves as investment adviser, which represents less than 0.1% of the outstanding Class A Common Stock. In its capacity as investment adviser, ICONIQ Capital has the right to exercise voting and investment power over the shares held in the Managed Accounts and therefore may be deemed to beneficially own the shares held in the Managed Accounts. ICONIQ Capital receives asset-based fees for its investment management services and as such does not have a pecuniary interest in the shares held in the Managed Accounts.
(ix) ICONIQ Capital Group may be deemed to beneficially own 15,151 shares of Class A Common Stock beneficially owned by ICONIQ Capital, which represents less than 0.1% of the outstanding Class A Common Stock.
(x) ICONIQ Capital GP may be deemed to beneficially own 15,151 shares of Class A Common Stock beneficially owned by ICONIQ Capital, which represents less than 0.1% of the outstanding Class A Common Stock.
(xi) Makan may be deemed to beneficially own an aggregate of 6,623,222 shares of Class A Common Stock held by the ICONIQ VII Funds, ICONIQ Capital and Makan, which represents approximately 1.6% of the outstanding Class A Common Stock.
(xii) Griffith may be deemed to beneficially own an aggregate of 6,607,726 shares of Class A Common Stock held by the ICONIQ VII Funds and Griffith, which represents approximately 1.6% of the outstanding Class A Common Stock.
(xiii) Jacobson may be deemed to beneficially own an aggregate of 5,793,569 shares of Class A Common Stock held by the ICONIQ VII Funds, which represents approximately 1.4% of the outstanding Class A Common Stock.
(b)
Percent of class:
See Item 4(a) above.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
ICONIQ VII: 1,660,199 shares of Class A Common Stock
ICONIQ VII-B: 4,133,370 shares of Class A Common Stock
ICONIQ VII GP: 5,793,569 shares of Class A Common Stock
ICONIQ VII Parent GP: 5,793,569 shares of Class A Common Stock
ICQ IX: 0 shares of Class A Common Stock
ICQ XXII: 0 shares of Class A Common Stock
ICQ Management: 0 shares of Class A Common Stock
ICONIQ Capital: 15,151 shares of Class A Common Stock
ICONIQ Capital Group: 15,151 shares of Class A Common Stock
ICONIQ Capital GP: 15,151 shares of Class A Common Stock
Makan: 6,623,222 shares of Class A Common Stock
Griffith: 6,607,726 shares of Class A Common Stock
Jacobson: 5,793,569 shares of Class A Common Stock
(ii) Shared power to vote or to direct the vote:
N/A
(iii) Sole power to dispose or to direct the disposition of:
ICONIQ VII: 1,660,199 shares of Class A Common Stock
ICONIQ VII-B: 4,133,370 shares of Class A Common Stock
ICONIQ VII GP: 5,793,569 shares of Class A Common Stock
ICONIQ VII Parent GP: 5,793,569 shares of Class A Common Stock
ICQ IX: 0 shares of Class A Common Stock
ICQ XXII: 0 shares of Class A Common Stock
ICQ Management: 0 shares of Class A Common Stock
ICONIQ Capital: 15,151 shares of Class A Common Stock
ICONIQ Capital Group: 15,151 shares of Class A Common Stock
ICONIQ Capital GP: 15,151 shares of Class A Common Stock
Makan: 6,623,222 shares of Class A Common Stock
Griffith: 6,607,726 shares of Class A Common Stock
Jacobson: 5,793,569 shares of Class A Common Stock
(iv) Shared power to dispose or to direct the disposition of:
N/A
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
The Reporting Persons expressly disclaim membership in a "group" as used in Rule 13d-5(b)(1).
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
ICONIQ Strategic Partners VII, L.P.
Signature:
/s/ Kevin Foster
Name/Title:
Kevin Foster, Head of Strategy of General Partner of General Partner
Date:
02/17/2026
ICONIQ Strategic Partners VII-B, L.P.
Signature:
/s/ Kevin Foster
Name/Title:
Kevin Foster, Head of Strategy of General Partner of General Partner
Date:
02/17/2026
ICONIQ Strategic Partners VII GP, L.P.
Signature:
/s/ Kevin Foster
Name/Title:
Kevin Foster, Head of Strategy of General Partner
Date:
02/17/2026
ICONIQ Strategic Partners VII TT GP, Ltd.
Signature:
/s/ Kevin Foster
Name/Title:
Kevin Foster, Head of Strategy
Date:
02/17/2026
ICQ INVESTMENTS, LP (SERIES IX)
Signature:
/s/ Kevin Foster
Name/Title:
Kevin Foster, Head of Strategy of General Partner
Date:
02/17/2026
ICQ INVESTMENTS, LP (SERIES XXII)
Signature:
/s/ Kevin Foster
Name/Title:
Kevin Foster, Head of Strategy of General Partner
Date:
02/17/2026
ICQ MANAGEMENT, LLC
Signature:
/s/ Kevin Foster
Name/Title:
Kevin Foster, Head of Strategy
Date:
02/17/2026
ICONIQ CAPITAL, LLC
Signature:
/s/ Kevin Foster
Name/Title:
Kevin Foster, Head of Strategy of General Partner of Sole Member
What does the Schedule 13G/A filing reveal about ICONIQ ownership in Figma (FIG)?
The Schedule 13G/A shows ICONIQ-affiliated funds and principals collectively holding small stakes in Figma Class A shares. ICONIQ Strategic Partners VII and VII-B together account for 5,793,569 shares, about 1.4% of the 415,909,379 shares outstanding as of October 31, 2025.
How many Figma (FIG) shares do ICONIQ Strategic Partners VII and VII-B hold?
ICONIQ Strategic Partners VII holds 1,660,199 Figma Class A shares and ICONIQ Strategic Partners VII-B holds 4,133,370 shares. Together, their general partner entities report beneficial ownership of 5,793,569 shares, representing about 1.4% of the Class A common stock outstanding on October 31, 2025.
What percentage of Figma (FIG) does Divesh Makan report as beneficially owned?
Divesh Makan reports beneficial ownership of 6,623,222 Figma Class A shares, approximately 1.6% of the class. This total includes 814,502 shares held through his family trust and 5,808,720 shares held through ICONIQ Strategic Partners VII, ICONIQ Strategic Partners VII-B and ICONIQ Capital-related entities.
What are William J.G. Griffith’s and Matthew Jacobson’s reported Figma (FIG) holdings?
William J.G. Griffith reports beneficial ownership of 6,607,726 Figma Class A shares, about 1.6% of the class, including 814,157 shares via his family trust. Matthew Jacobson reports 5,793,569 shares, around 1.4%, all through ICONIQ Strategic Partners VII and ICONIQ Strategic Partners VII-B funds.
Do any ICONIQ or ICQ entities report owning more than 5% of Figma (FIG)?
No reporting person in this Schedule 13G/A reports ownership above 5% of Figma’s Class A common stock. ICONIQ-related funds and individuals each report percentages between less than 0.1% and about 1.6%, and the filing explicitly identifies ownership of 5 percent or less of the class.
How many Figma (FIG) shares are held in ICONIQ Capital managed accounts?
ICONIQ Capital, as investment adviser to certain managed accounts, may be deemed to beneficially own 15,151 Figma Class A shares. This represents less than 0.1% of the outstanding class, and ICONIQ Capital receives asset-based fees rather than having a direct pecuniary interest in these shares.
What total share count underlies the ownership percentages in this Figma (FIG) filing?
All percentage calculations in the Schedule 13G/A use 415,909,379 Figma Class A shares outstanding. This figure comes from Figma’s Quarterly Report on Form 10-Q, which reported the number of Class A shares outstanding as of October 31, 2025, and serves as the denominator for each ownership percentage.
