ICONIQ entities disclose FIG stakes; ICQ Management at 4.4%
Figma, Inc. (FIG) received a Schedule 13G from ICONIQ‑affiliated funds and individuals reporting beneficial ownership of its Class A common stock. The filing lists ICQ Investments, LP (Series IX) with 14,240,145 shares (3.5%), ICQ Investments, LP (Series XXII) with 3,639,570 (0.9%), and ICQ Management, LLC with 17,879,715 (4.4%). ICONIQ Strategic Partners VII, L.P. reports 1,002,478 (0.2%) and ICONIQ Strategic Partners VII‑B, L.P. reports 2,495,855 (0.6%). Divesh Makan may be deemed to beneficially own an aggregate 21,378,048 shares (5.2%).
All reporting persons list sole voting and dispositive power and zero shared power. Percentages are based on 410,091,963 Class A shares outstanding as of August 29, 2025 as disclosed by the issuer. The reporting persons expressly disclaim membership in a “group.”
Positive
- None.
Negative
- None.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
|
UNDER THE SECURITIES EXCHANGE ACT OF 1934
|
Figma, Inc. (Name of Issuer) |
CLASS A COMMON STOCK, PAR VALUE $0.00001 (Title of Class of Securities) |
316841105 (CUSIP Number) |
09/30/2025 (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: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,002,478.00 | ||||||||
| 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)
0.2 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
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: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
2,495,855.00 | ||||||||
| 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)
0.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
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: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,498,333.00 | ||||||||
| 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)
0.9 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
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: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,498,333.00 | ||||||||
| 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)
0.9 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
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: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
14,240,145.00 | ||||||||
| 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)
3.5 % | ||||||||
| 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: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,639,570.00 | ||||||||
| 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)
0.9 % | ||||||||
| 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: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
17,879,715.00 | ||||||||
| 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)
4.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
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: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
21,378,048.00 | ||||||||
| 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)
5.2 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
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: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,498,333.00 | ||||||||
| 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)
0.9 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
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: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,498,333.00 | ||||||||
| 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)
0.9 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
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) Divesh Makan, a citizen of the United States ("Makan"), the sole managing member of ICQ Management.
(ix) William J.G. Griffith, a citizen of the United States ("Griffith").
(x) 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 1,002,478 shares of Class A Common Stock, which represents approximately 0.2% of the outstanding Class A Common Stock.
(ii) ICONIQ VII-B directly owns 2,495,855 shares of Class A Common Stock, which represents approximately 0.6% of the outstanding Class A Common Stock.
(iii) ICONIQ VII GP may be deemed to beneficially own an aggregate of 3,498,333 shares of Class A Common Stock held by the ICONIQ VII Funds, which represents approximately 0.9% of the outstanding Class A Common Stock.
(iv) ICONIQ VII Parent GP may be deemed to beneficially own an aggregate of 3,498,333 shares of Class A Common Stock held by the ICONIQ VII Funds, which represents approximately 0.9% of the outstanding Class A Common Stock.
(v) ICQ IX directly owns 14,240,145 shares of Class A Common Stock, which represents approximately 3.5% of the outstanding Class A Common Stock.
(vi) ICQ XXII directly owns 3,639,570 shares of Class A Common Stock, which represents approximately 0.9% of the outstanding Class A Common Stock.
(vii) ICQ Management may be deemed to beneficially own 17,879,715 shares of Class A Common Stock held by the ICQ Funds, which represents approximately 4.4% of the outstanding Class A Common Stock.
(viii) Makan may be deemed to beneficially own an aggregate of 21,378,048 shares of Class A Common Stock held by the ICONIQ VII Funds and the ICQ Funds, which represents approximately 5.2% of the outstanding Class A Common Stock.
(ix) Griffith may be deemed to beneficially own an aggregate of 3,498,333 shares of Class A Common Stock held by the ICONIQ VII Funds, which represents approximately 0.9% of the outstanding Class A Common Stock.
(x) Jacobson may be deemed to beneficially own an aggregate of 3,498,333 shares of Class A Common Stock held by the ICONIQ VII Funds, which represents approximately 0.9% of the outstanding Class A Common Stock. | |
| (b) | Percent of class:
See Item 4(a) above. The percent of class is based upon 410,091,963 shares of Class A Common Stock outstanding as of August 29, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on September 3, 2025. | |
| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
ICONIQ VII: 1,002,478 shares of Class A Common Stock
ICONIQ VII-B: 2,495,855 shares of Class A Common Stock
ICONIQ VII GP: 3,498,333 shares of Class A Common Stock
ICONIQ VII Parent GP: 3,498,333 shares of Class A Common Stock
ICQ IX: 14,240,145 shares of Class A Common Stock
ICQ XXII: 3,639,570 shares of Class A Common Stock
ICQ Management: 17,879,715 shares of Class A Common Stock
Makan: 21,378,048 shares of Class A Common Stock
Griffith: 3,498,333 shares of Class A Common Stock
Jacobson: 3,498,333 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: 1,002,478 shares of Class A Common Stock
ICONIQ VII-B: 2,495,855 shares of Class A Common Stock
ICONIQ VII GP: 3,498,333 shares of Class A Common Stock
ICONIQ VII Parent GP: 3,498,333 shares of Class A Common Stock
ICQ IX: 14,240,145 shares of Class A Common Stock
ICQ XXII: 3,639,570 shares of Class A Common Stock
ICQ Management: 17,879,715 shares of Class A Common Stock
Makan: 21,378,048 shares of Class A Common Stock
Griffith: 3,498,333 shares of Class A Common Stock
Jacobson: 3,498,333 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. | |
| 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)(K), so indicate under Item 3(k) 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.
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