FIG insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Brendan Mulligan General Counsel and Secretary	20,701	$21.74	3.5%	578K	Oct 5, 2026	Oct 7, 2026
Tyler Herb Chief Accounting Officer	1,418	$21.63	0.6%	245K	Oct 5, 2026	Oct 7, 2026

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Brendan Mulligan General Counsel and Secretary	9,436	$21.02	1.6%	599K	Oct 1, 2026	Oct 5, 2026
Shaunt Voskanian Chief Revenue Officer	8,080	$21.02	0.5%	1.68M	Oct 1, 2026	Oct 5, 2026
Praveer Melwani CFO and Treasurer	7,037	$21.02	0.4%	1.78M	Oct 1, 2026	Oct 5, 2026
Tyler Herb Chief Accounting Officer	1,838	$21.02	0.7%	246K	Oct 1, 2026	Oct 5, 2026

What stands out

Four officers sold more than 25% of vested holdings: Shaunt Voskanian (38% of holdings, $23.7M, 93% under a disclosed plan), Praveer Melwani (37% of holdings, $18.0M, 88% under a disclosed plan) and Brendan Mulligan (58% of holdings, $17.1M, 94% under a disclosed plan), plus 1 more.Shaunt Voskanian: largest sale, Nov 10, 2025 · Praveer Melwani: largest sale, Jul 29, 2026 · Brendan Mulligan: largest sale, Aug 28, 2026

Dylan Field sold 4.63M shares (8.9% of starting holdings), but 12.39M more shares were added, so the stake grew (from 51.88M to 54.06M).Largest sale, Nov 17, 2025

Percentages cover 10 of 15 officers and directors. 5 are left out

Left out: Mamoon Hamid, Andrew Reed and Kelly Kramer (held no vested shares at the start); Daniel Rimer and Lynn Radakovich (holdings couldn't be fully reconciled).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period

Dylan Field

President & CEO, Director

8.9% · $164MDisclosed plan

Kris Rasmussen

Former Chief Technology Off.

18% · $64.9M91% planned

Shaunt Voskanian

Chief Revenue Officer

Sold 38%, but 418K shares were added (mostly vesting), so the stake grew

38% · $23.7M93% planned

Praveer Melwani

CFO and Treasurer

37% · $18.0M88% planned

Brendan Mulligan

General Counsel and Secretary

58% · $17.1M94% planned

All 7 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed

Outside holders, reported separately

Index Ventures VI (Jersey) LP sold $621K and Daniel Rimer (for the outside shareholder represented on the board) sold $621K in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Figma, Inc. CEO selling stock?

Yes. Dylan Field sold 4.63M shares ($164M, 8.9% of starting holdings) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Figma, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 96% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 4% were to cover taxes. A trading plan schedules sales in advance.

Are any Figma, Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Figma, Inc. insiders sell?

About 13% overall. As a group they ended with more shares than they started with. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold7 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Dylan Field President & CEO, Director	$164M 4.63M shares	8.9%	Disclosed plan
Kris Rasmussen Former Chief Technology Off.	$64.9M 2.06M shares	18%	91% under a disclosed plan
Shaunt Voskanian Chief Revenue Officer	$23.7M 617K shares	38%	93% under a disclosed plan
Praveer Melwani CFO and Treasurer	$18.0M 657K shares	37%	88% under a disclosed plan
Brendan Mulligan General Counsel and Secretary	$17.1M 547K shares	58%	94% under a disclosed plan
Tyler Herb Chief Accounting Officer	$3.0M 76K shares	33%	89% under a disclosed plan
Lynn Radakovich Director	$524K 15K shares	i No percentage: holdings couldn't be fully reconciled.	Disclosed plan

Board members representing outside shareholders, reported separately: Mamoon Hamid, Daniel Rimer (the shareholder sold $621K), Andrew Reed. Details

Outside holder, reported separately: Index Ventures VI (Jersey) LP (a 10% owner, not part of management). Sold $621K (25K shares) from May 18, 2026 to Aug 10, 2026. Holds 58.00M shares. Latest filing

Outside holder, reported separately: Greylock XIV GP LLC (a 10% owner, not part of management). No open-market sales reported in the period. Holds 43.82M shares. Latest filing

Outside holder, reported separately: Kleiner Perkins Caufield & Byers XVII, LLC (a 10% owner, not part of management). No open-market sales reported in the period. Holds 44.28M shares. Latest filing

The full ownership picture13 of 15 insiders fully reconciled · 15 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 8, 2025

Sold

Held Oct 8, 2026

Still held

Dylan Field

Minor difference of 1,135,325 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). An owner entity could not be identified from the footnotes.

President & CEO, Director

51.88M

−4.63M

54.06M

+4.2%

Vesting, gifts, unvested awards and holding lines for Dylan Field

0shares vested or exercised

−2.54Mgifted (net of own trusts)

−3.03Mwithheld by the company for taxes

40.21M → 40.21Munvested awards, start → end

An owner entity could not be identified from the footnotes.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	0	5
LLL Investments LLC which	Class A Common Stock	0	0
Field 2024 GRAT Remainder Trust	Class A Common Stock	0	0
LLC	Class A Common Stock	0	153
Direct	Class B Common Stock	34,613,891	36,737,566
LLL Investments LLC which	Class B Common Stock	15,004,517	14,754,517
Dylan Field 2024 Annuity Trust	Class B Common Stock	1,135,325	1,135,325
Field 2021 Descendants Trust	Class B Common Stock	1,122,908	1,122,908
Field 2024 GRAT Remainder Trust	Class B Common Stock	0	308,859

Reconciliation: minor difference of 1,135,325 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Kris Rasmussen

Includes unvested RSUs, amount not disclosed.

Former Chief Technology Off.

11.45M

−2.06M

9.23M

81%

Vesting, gifts, unvested awards and holding lines for Kris Rasmussen

+15Kshares vested or exercised

0gifted (net of own trusts)

−169Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stock	11,452,657	9,234,587

Praveer Melwani

Minor difference of 757 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Includes unvested RSUs, amount not disclosed. Some sales match sales reported by Brendan Mulligan exactly (date, shares and price). Possibly the same shares reported by both; the filings don't confirm it.

CFO and Treasurer

1.80M

−657K

1.78M

99%

Vesting, gifts, unvested awards and holding lines for Praveer Melwani

+395Kshares vested or exercised

−6.8Kgifted (net of own trusts)

−75Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Some sales match sales reported by Brendan Mulligan exactly (date, shares and price). Possibly the same shares reported by both; the filings don't confirm it.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stock	1,653,542	1,660,470
APM33, LLC	Class A Common Stock	142,500	118,363

Reconciliation: minor difference of 757 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Shaunt Voskanian

Includes unvested RSUs, amount not disclosed.

Chief Revenue Officer

1.63M

−617K

1.68M

+3.2%

Vesting, gifts, unvested awards and holding lines for Shaunt Voskanian

+418Kshares vested or exercised

0gifted (net of own trusts)

−72Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stock	1,629,607	1,682,460

Brendan Mulligan

Minor difference of 1,426 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Includes unvested RSUs, amount not disclosed. Some sales match sales reported by Praveer Melwani exactly (date, shares and price). Possibly the same shares reported by both; the filings don't confirm it.

General Counsel and Secretary

947K

−547K

579K

61%

Vesting, gifts, unvested awards and holding lines for Brendan Mulligan

+57Kshares vested or exercised

0gifted (net of own trusts)

−82Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Some sales match sales reported by Praveer Melwani exactly (date, shares and price). Possibly the same shares reported by both; the filings don't confirm it.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stock	947,006	579,274

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
294,315	$0.28	Oct 21, 2029	$6.3M

Estimate: options held × ($21.63 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Reconciliation: minor difference of 1,426 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Tyler Herb

Minor difference of 1,426 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Includes unvested RSUs, amount not disclosed.

Chief Accounting Officer

229K

−76K

246K

+7.4%

Vesting, gifts, unvested awards and holding lines for Tyler Herb

+26Kshares vested or exercised

0gifted (net of own trusts)

−16Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stock	229,220	246,130

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
4,311	$23.19	n/a	$0

Estimate: options held × ($21.63 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Reconciliation: minor difference of 1,426 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

William McDermott

Includes unvested RSUs, amount not disclosed. Unvested RSUs stated in footnotes are excluded from owned shares.

Director

208K

no sales

Vesting, gifts, unvested awards and holding lines for William McDermott

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Unvested RSUs stated in footnotes are excluded from owned shares.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	208,179	208,179

Michel Krieger

Includes unvested RSUs, amount not disclosed.

Director

176K

no sales

Vesting, gifts, unvested awards and holding lines for Michel Krieger

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stcck	48,179	48,179
Trust	Class A Common Stock	127,522	127,522

Luis von Ahn

Includes unvested RSUs, amount not disclosed. Unvested RSUs stated in footnotes are excluded from owned shares.

Director

78K

no sales

Vesting, gifts, unvested awards and holding lines for Luis von Ahn

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Unvested RSUs stated in footnotes are excluded from owned shares.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	78,179	78,179

John Lilly III

Includes unvested RSUs, amount not disclosed.

Director

63K

824K

no sales

Vesting, gifts, unvested awards and holding lines for John Lilly III

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stock	62,500	24,700
Trust	Class A Common Stock	0	799,396

Mamoon Hamid

Shares held through KPCB XVII Associates, LLC, KPCB XVII Founders Fund, LLC, Kleiner Perkins Caufield & Byers XVII, LLC and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.

Director

622K

no sales

Vesting, gifts, unvested awards and holding lines for Mamoon Hamid

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Shares held through KPCB XVII Associates, LLC, KPCB XVII Founders Fund, LLC, Kleiner Perkins Caufield & Byers XVII, LLC and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	0	304,979
trust	Class A Common Stock	0	316,594

Daniel Rimer

Holdings couldn't be fully reconciled. A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: +126,275 shares on May 19, 2026 (Direct). See the filing Sales and other transactions for Daniel Rimer are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Daniel Rimer

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Shares held through Index Venture Associates VI Limited, Index Ventures Growth IV (Jersey), L.P, Index Ventures Growth V (Jersey), L.P and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.

Holdings couldn't be fully reconciled. A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: +126,275 shares on May 19, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	0	252,549

Lynn Radakovich

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +69,638 shares on Dec 1, 2025 (Direct). See the filing Sales and other transactions for Lynn Radakovich are complete.

Director

n/a

−15K

n/a

Vesting, gifts, unvested awards and holding lines for Lynn Radakovich

+15Kshares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Unvested RSUs stated in footnotes are excluded from owned shares.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +69,638 shares on Dec 1, 2025 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stcck	0	72,394
Direct	Class A Common Stock	0	72,394

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
556,877	$0.28	Dec 11, 2029	$11.9M

Estimate: options held × ($21.63 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Andrew Reed

Includes unvested RSUs, amount not disclosed. Shares held through SC Expansion Fund II Management, L.P, SC U.S. Growth IX Management, L.P, SC US/E Growth X Management, L.P and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.

Director

130K

no sales

Vesting, gifts, unvested awards and holding lines for Andrew Reed

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Shares held through SC Expansion Fund II Management, L.P, SC U.S. Growth IX Management, L.P, SC US/E Growth X Management, L.P and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stock	0	130,199

Kelly Kramer

Unvested RSUs stated in footnotes are excluded from owned shares.

Director

72K

no sales

Vesting, gifts, unvested awards and holding lines for Kelly Kramer

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unvested RSUs stated in footnotes are excluded from owned shares.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	0	72,394

13 of 15 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (9 exactly, 4 with a minor or footnoted difference). For 2 we show sales but not holdings; the ! icon on their rows explains why. Percentages cover 10 of 15 officers and directors. Left out: Mamoon Hamid, Andrew Reed and Kelly Kramer (held no vested shares at the start); Daniel Rimer and Lynn Radakovich (holdings couldn't be fully reconciled). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$291M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $291M across 8,605,510 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $280M · 96%

The lighter segment is sales with no plan disclosed in the filing ($11.1M), including tax-related sales outside a plan.

Taxes

$148M of sales (50.9%) cite tax obligations in their footnotes, $137M of them also under a plan. Separately, 3,448,100 shares ($98.6M) were withheld by the company for taxes, which isn't a market sale. Example: Praveer Melwani, Jul 29, 2026

Charitable gifts · 2.51M shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Dylan Field President & CEO, Director	4.63M	$164M	100%	56%	Nov 17, 2025 to May 29, 2026
Kris Rasmussen Former Chief Technology Off.	2.06M	$64.9M	91%	22%	Nov 3, 2025 to Aug 4, 2026
Shaunt Voskanian Chief Revenue Officer	617K	$23.7M	93%	8%	Nov 3, 2025 to Aug 5, 2026
Praveer Melwani CFO and Treasurer	657K	$18.0M	88%	6%	Nov 3, 2025 to Aug 4, 2026
Brendan Mulligan General Counsel and Secretary	547K	$17.1M	94%	6%	Nov 3, 2025 to Oct 5, 2026
Tyler Herb Chief Accounting Officer	76K	$3.0M	89%	1%	Nov 3, 2025 to Oct 5, 2026
Lynn Radakovich Director	15K	$524K	100%	0.2%	Dec 15, 2025 to Dec 15, 2025

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$169M	$162M	$6.2M	$0
Dec 2025	$21.3M	$19.5M	$1.9M	$0
Jan 2026	$19.2M	$18.8M	$442K	$0
Feb 2026	$24.9M	$22.3M	$2.6M	$0
Mar 2026	$5.7M	$5.7M	$0	$0
Apr 2026	$0	$0	$0	$0
May 2026	$13.0M	$13.0M	$0	$0
Jun 2026	$4.0M	$4.0M	$0	$0
Jul 2026	$17.7M	$17.7M	$0	$0
Aug 2026	$13.7M	$13.7M	$0	$0
Sep 2026	$2.9M	$2.9M	$0	$0
Oct 2026	$481K	$481K	$0	$0

Board members representing outside shareholders (3)Listed and sourced; not part of the management totals or the answer line

Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.

Board member

Held Oct 8, 2025

Sold

Held Oct 8, 2026

Still held

Mamoon Hamid

Minor difference of -2,668,654 shares. The difference is shares the fund distributed in kind to its own investors, not sales. In-kind distributions to the fund's own investors are labeled as distributions, not sales.

Director

102.67M

89.09M

no sales

Vesting, gifts, unvested awards and holding lines for Mamoon Hamid

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

In-kind distributions to the fund's own investors are labeled as distributions, not sales.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Kleiner Perkins Caufild & Byers XVII, LLC	Class A Common Stock	50,308,466	37,066,031
Kleiner Perkins Caufield & Byers XVII, LLC	Class A Common Stock	47,639,812	47,639,812
Kleiner Perkins Select Fund, LLC	Class A Common Stock	3,086,524	3,086,524
KPCB XVII Founders Fund, LLC	Class A Common Stock	1,559,622	1,213,460
Kleiner Perkins Select Founders Fund, LLC	Class A Common Stock	78,416	78,416
KPCB XVII Associates, LLC	Class A Common Stock	0	2,707

Reconciliation: minor difference of -2,668,654 shares. The difference is shares the fund distributed in kind to its own investors, not sales.

Daniel Rimer

Minor difference of 1,342,843 shares. The difference is shares the fund distributed in kind to its own investors, not sales. In-kind distributions to the fund's own investors are labeled as distributions, not sales. Some sales match sales reported by Index Ventures VI (Jersey) LP exactly (date, shares and price). Possibly the same shares reported by both; the filings don't confirm it.

Director

63.76M

−25K

58.00M

91%

Vesting, gifts, unvested awards and holding lines for Daniel Rimer

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

In-kind distributions to the fund's own investors are labeled as distributions, not sales.
Some sales match sales reported by Index Ventures VI (Jersey) LP exactly (date, shares and price). Possibly the same shares reported by both; the filings don't confirm it.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Index Ventures VI (Jersey), L.P	Class A Common Stock	55,810,810	50,293,428
Index Ventures Growth IV (Jersey), L.P	Class A Common Stock	2,521,618	2,521,618
Index Ventures Growth V (Jersey), L.P	Class A Common Stock	2,278,486	2,278,486
Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P	Class A Common Stock	1,190,880	1,015,167
Index Ventures VI Parralel Entreprenuer Fund (Jersey), L.P	Class A Common Stock	1,126,535	1,126,535
Yucca Jersey SLP	Class A Common Stock	834,800	763,550
Index Venture Associates VI Limited	Class A Common Stock	0	0

Reconciliation: minor difference of 1,342,843 shares. The difference is shares the fund distributed in kind to its own investors, not sales.

Andrew Reed

In-kind distributions to the fund's own investors are labeled as distributions, not sales.

Director

32.54M

28.48M

no sales

Vesting, gifts, unvested awards and holding lines for Andrew Reed

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

In-kind distributions to the fund's own investors are labeled as distributions, not sales.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Sequoia Capital U.S. Growth Fund VIII, L.P	Class A Common Stock	22,152,394	17,721,916
Sequoia Grove II, LLC	Class A Common Stock	7,130,668	5,704,534
SC US/E Growth X Management, L.P	Class A Common Stock	1,971,015	1,971,015
SC U.S. Growth IX Management, L.P	Class A Common Stock	1,077,911	1,077,911
Sequoia Grove UK, L.P	Class A Common Stock	145,329	116,263
Sequoia Capital US/E Expansion Fund I, L.P	Class A Common Stock	60,000	60,000
SC Expansion Fund II Management, L.P	Class A Common Stock	0	1,466,852
Sequoia Capital Fund, L.P	Class A Common Stock	0	287,072
Sequoia Capital Fund Parallel, LLC	Class A Common Stock	0	70,543

Mamoon Hamid: 14.78M shares were distributed in kind to the fund's own investors. These are distributions, not sales.

Daniel Rimer: 7.15M shares were distributed in kind to the fund's own investors. These are distributions, not sales.

Andrew Reed: 5.89M shares were distributed in kind to the fund's own investors. These are distributions, not sales.

Is this normal? Selling year by yearNot enough history to compare

Not enough history to compare: fewer than three earlier years of filings.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 8, 2026 Latest 12 months	8.61M	7	$291M
Oct 8, 2025 1 year earlier · filings don't cover the whole year	2.73M	5	$86.2M
Oct 8, 2024 2 years earlier · filings don't cover the whole year	n/a	n/a	n/a
Oct 9, 2023 3 years earlier · filings don't cover the whole year	n/a	n/a	n/a
Oct 9, 2022 4 years earlier · filings don't cover the whole year	n/a	n/a	n/a
Oct 9, 2021 5 years earlier · filings don't cover the whole year	n/a	n/a	n/a

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty2 insiders whose holdings couldn't be fully reconciled

Daniel Rimer: holdings couldn't be fully reconciled (difference of 252,549 shares). A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: +126,275 shares on May 19, 2026 (Direct). Filing, May 19, 2026

Footnote: "Represents 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."

Lynn Radakovich: holdings couldn't be fully reconciled (difference of 72,394 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +69,638 shares on Dec 1, 2025 (Direct). Filing, Dec 1, 2025

Footnote: "Includes 2,756 restricted stock units ("RSUs") that vest in accordance with the terms of the award. Each RSU represents a contingent right to receive one share of Class A Common Stock upon settlement. | Certain of these securities are represented by RSUs."

Dylan Field: minor difference of 1,135,325 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Praveer Melwani: minor difference of 757 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Brendan Mulligan: minor difference of 1,426 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Tyler Herb: minor difference of 1,426 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Inferred rename: "Kleiner Perkins Select Founders, LLC" is treated as the same holder as "Kleiner Perkins Select Founders Fund, LLC", because the old name was never reported again and the new one opened with the same balance (78,416 shares). Old name, new name

Inferred typo: the share class "Class A Common Stock" is treated as the same class as "Class A Common Stcck" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Michel Krieger, 48,179 shares): old title, new title

Inferred typo: the share class "Class A Common Stcck" is treated as the same class as "Class A Common Stock" on 3 holding lines, because the two spellings are nearly identical and each balance carried over exactly. Example (William McDermott, 48,179 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology197 filings from SEC EDGAR, and how we read them

All 197 Forms 3, 4 and 5 filed for Figma, Inc. (SEC CIK 1579878) from Jul 30, 2025 to Oct 7, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Figma, Inc. insiders sold $291M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Outside holders, reported separately

Common questions

Is the Figma, Inc. CEO selling stock?

Why are Figma, Inc. insiders selling?

Are any Figma, Inc. insiders buying?

How much of their stake did Figma, Inc. insiders sell?

The evidence

Taxes

Charitable gifts · 2.51M shares

Sales by month