KPCB XVII Associates, LLC 4
4 · Figma, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Figma (FIG) 10% Owner KPCB XVII In-Kind Distribution
What Happened
Kleiner Perkins Caufield & Byers XVII, LLC (KPCB XVII), reported multiple in‑kind distributions and related transfers of Figma (FIG) Class A common stock on February 25, 2026. Reported transactions (all at $0.00 per share) include dispositions of 4,763,981; 155,962; and 1,188,289 shares, and an acquisition of 1,190,996 shares. Total disposed = 6,108,232 shares; total acquired = 1,190,996 shares; net reduction/reallocation = 4,917,236 shares. These were recorded as non‑cash, pro‑rata in‑kind distributions and internal changes of ownership form—not open‑market sales.
Key Details
- Transaction date: 2026-02-25; filing accession dated 2026-02-27 (appears timely).
- Prices and value: $0.00 per share; aggregate proceeds/consideration reported = $0.
- Shares after transaction: not specified in the provided excerpt of the Form 4.
- Footnotes of note:
- F1/F3/F5: Transactions represent pro‑rata in‑kind distributions to members (not purchases/sales).
- F4: Some entries reflect change in form of ownership when KPCB XVII Associates received shares in the distribution.
- F2: Securities are held in the name of a nominee ("KPCB Holdings, Inc., as nominee") for accounts; several managing members share voting/dispositive control and disclaim beneficial ownership except for pecuniary interest.
- Insider type: KPCB XVII is an institutional 10% owner (not an individual executive).
Context
These transactions appear to be internal fund/member reallocations (in‑kind distributions and ownership form changes). Because no cash changed hands and the moves were between related entities/members, they do not represent open‑market selling pressure or a clear insider bullish/bearish signal for retail investors. Institutional reorganizations like this are common and mainly affect how ownership is held or allocated among related funds or members.
Insider Transaction Report
- Other
Class A Common Stock
[F1][F2]2026-02-25−4,763,981→ 42,875,831 total - Other
Class A Common Stock
[F3][F2]2026-02-25−155,962→ 1,403,660 total(indirect: By LLC) - Other
Class A Common Stock
[F4][F2]2026-02-25+1,190,996→ 1,190,996 total(indirect: By LLC) - Other
Class A Common Stock
[F5][F2]2026-02-25−1,188,289→ 2,707 total(indirect: By LLC)
Footnotes (5)
- [F1]Represents a pro-rata in-kind distribution, and not a purchase or sale, without additional consideration by Kleiner Perkins Caufield & Byers XVII, LLC ("KPCB XVII") of Class A Common Stock of the Issuer to its members, including KPCB XVII Associates, LLC ("KPCB XVII Associates," and such distribution, the "KPCB XVII Distribution").
- [F2]These securities are held for convenience in the name of "KPCB Holdings, Inc., as nominee" for the accounts of these entities. The managing member of KPCB XVII and KPCB XVII Founders Fund, LLC ("KPCB XVII Founders") is KPCB XVII Associates. Theodore E. Schlein, Beth Seidenberg, Mamoon Hamid and Ilya Fushman, the managing members of KPCB XVII Associates, exercise shared voting and dispositive control over the shares held by KPCB XVII and KPCB XVII Founders. Such managing members disclaim beneficial ownership of all shares held by KPCB XVII and KPCB XVII Founders except to the extent of their pecuniary interest therein.
- [F3]Represents a pro-rata in-kind distribution, and not a purchase or sale, without additional consideration by KPCB XVII Founders of Class A Common Stock of the Issuer to its members.
- [F4]Represents a change in the form of ownership as a result of the receipt by KPCB XVII Associates of shares of Class A Common Stock of the Issuer in the KPCB XVII Distribution.
- [F5]Represents a pro-rata in-kind distribution, and not a purchase or sale, without additional consideration by KPCB XVII Associates of Class A Common Stock of the Issuer to its members.