Figma (FIG): Dylan Field filed a Schedule 13G reporting beneficial ownership of 78,617,271 shares of Class A Common Stock on an as-converted basis, representing 16.0% of the class as of September 30, 2025. He reports sole voting power over 61,354,521 shares and shared voting power over 17,262,750 shares; sole dispositive power over 34,613,891 shares and shared dispositive power over 17,262,750 shares.
The position includes 34,613,891 Class B shares held directly, interests through trusts and an LLC associated with Mr. Field, and an irrevocable proxy to vote shares held by Evan Wallace and the Wu-Wallace Family Trust. Each Class B share is convertible one-for-one into Class A under specified conditions. Shares outstanding were 412,976,162 Class A as of September 30, 2025; this is a baseline figure, not the amount reported as beneficially owned.
Positive
None.
Negative
None.
Insights
Founder-level 16% beneficial stake with significant voting power disclosed.
Dylan Field reports beneficial ownership of 78,617,271 Class A-equivalent shares, or 16.0%, calculated under Rule 13d-3. The structure blends directly held Class B shares with indirect interests via trusts/LLC and an irrevocable proxy over specified third-party shares. Class B converts one-for-one into Class A.
Reported powers are notable: sole voting over 61,354,521 and shared voting over 17,262,750, with dispositive powers aligned. The calculation references 412,976,162 Class A shares outstanding as of September 30, 2025. Actual influence depends on ongoing convertibility terms and proxy scope as disclosed.
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 per share
(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
Dylan Field
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
61,354,521.00
6
Shared Voting Power
17,262,750.00
7
Sole Dispositive Power
34,613,891.00
8
Shared Dispositive Power
17,262,750.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
78,617,271.00
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)
16.0 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Row 5 consists of (a) 34,613,891 shares of Class B common stock, par value $0.00001 per share ("Class B Common Stock"), of Figma, Inc. (the "Issuer") held directly by Dylan Field, (b) 10,306 shares of Class A common stock, par value $0.00001 per share ("Class A Common Stock"), of the Issuer subject to options held by Evan Wallace that are exercisable within 60 days of September 30, 2025, and (c) 26,730,324 shares of Class B Common Stock held by the Wu-Wallace Family Trust. Mr. Field holds an irrevocable proxy authorizing him to vote any number of shares held by Evan Wallace and the Wu-Wallace Family Trust that are subject to such proxy on all matters submitted to a vote of stockholders. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value, or upon the occurrence of certain events or conditions described in the Issuer's Amended and Restated Certificate of Incorporation.
Row 6 and Row 8 consist of (a) 1,135,325 shares of Class B Common Stock held by the Dylan Field 2024 Annuity Trust, of which Mr. Field is the trustee, (b) 1,122,908 shares of Class B Common Stock held by the Field 2021 Descendants Trust, of which Bryn Mawr Trust Company of Delaware is the trustee and may be replaced at Mr. Field's discretion, and (c) 15,004,517 shares of Class B Common Stock held by LLL Investments LLC, which is associated with Mr. Field.
Row 7 consists of 34,613,891 shares of Class B Common Stock held directly by Dylan Field.
With respect to Row 11, pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the percent of class was calculated based on an aggregate total of (a) 412,976,162 shares of Class A Common Stock outstanding as of September 30, 2025, (b) 10,306 shares of Class A Common Stock subject to options held by Evan Wallace that are exercisable within 60 days of September 30, 2025 and (c) 78,606,965 shares of Class B Common Stock beneficially owned by Mr. Field (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of Mr. Field pursuant to the Exchange Act).
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:
This Schedule 13G is being filed by Dylan Field, a United States citizen ("Mr. Field").
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of Mr. Field is 760 Market Street, Floor 10, San Francisco, California 94102.
(c)
Citizenship:
Mr. Field is a citizen of the United States of America.
(d)
Title of class of securities:
Class A Common Stock, par value $0.00001 per share
(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:
Reference to "beneficial ownership" of securities for purposes of this statement shall be understood to refer to beneficial ownership as that term is defined in Rule 13d-3 of the Exchange Act.
As of September 30, 2025, Mr. Field may be deemed to beneficially own an aggregate 78,617,271 shares of the Issuer's Class A Common Stock.
As of September 30, 2025, Mr. Field directly held 34,613,891 shares of the Issuer's Class B Common Stock.
As of September 30 2025, Mr. Field was the indirect beneficial owner of 44,003,380 shares of the Issuer's Class A Common Stock which consist of: (i) 1,135,325 shares of Class B Common Stock held by the Dylan Field 2024 Annuity Trust, of which Mr. Field is the trustee; (ii) 1,122,908 shares of Class B Common Stock held by the Field 2021 Descendants Trust, of which Bryn Mawr Trust Company of Delaware is the trustee and may be replaced at Mr. Field's discretion; (iii) 15,004,517 shares of Class B Common Stock held by LLL Investments LLC, which is associated with Mr. Field; (iv) 10,306 shares of Class A Common Stock subject to options held by Evan Wallace that are exercisable within 60 days of September 30, 2025; and (v) 26,730,324 shares of Class B Common Stock held by the Wu-Wallace Family Trust. Mr. Field holds an irrevocable proxy authorizing him to vote any number of shares held by the Wu-Wallace Family Trust that are subject to such proxy on all matters submitted to a vote of stockholders. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value, or upon the occurrence of certain events or conditions described in the Issuer's Amended and Restated Certificate of Incorporation.
(b)
Percent of class:
As of September 30, 2025, Mr. Field was deemed to directly or indirectly beneficially own an aggregate 16.0% of outstanding Class A Common Stock.
The aforementioned percentage was calculated in accordance with Rule 13d-3 of the Exchange Act based on an aggregate total of (i) 412,976,162 shares of Class A Common Stock outstanding as of September 30, 2025, (ii) 10,306 shares of Class A Common Stock subject to options held by Evan Wallace that are exercisable within 60 days of September 30, 2025 and (iii) 78,606,965 shares of Class B Common Stock beneficially owned by Mr. Field (with such shares treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of Mr. Field pursuant to the Exchange Act).
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
61,354,521
(ii) Shared power to vote or to direct the vote:
17,262,750
(iii) Sole power to dispose or to direct the disposition of:
34,613,891
(iv) Shared power to dispose or to direct the disposition of:
17,262,750
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
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.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
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.
Not Applicable
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.
What did Dylan Field disclose about Figma (FIG) in this Schedule 13G?
He reported beneficial ownership of 78,617,271 shares of Class A Common Stock on an as-converted basis, equal to 16.0% as of September 30, 2025.
How much voting and dispositive power did Dylan Field report over Figma (FIG) shares?
He reported sole voting power 61,354,521; shared voting power 17,262,750; sole dispositive power 34,613,891; shared dispositive power 17,262,750.
What classes of Figma (FIG) stock are involved and can Class B convert?
Holdings include Class B shares; each Class B share is convertible one-for-one into Class A under specified conditions.
What components make up Dylan Field’s reported beneficial ownership in FIG?
It includes 34,613,891 Class B shares held directly, interests via trusts and an LLC associated with Mr. Field, and an irrevocable proxy over specified shares.
What share count was used to compute the 16.0% for Figma (FIG)?
The calculation used 412,976,162 Class A shares outstanding as of September 30, 2025, plus certain as-converted and option shares per Rule 13d-3.
What is the as-of date for the Figma (FIG) ownership figures?
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