Index Ventures VI (Jersey) LP 4
4 · Figma, Inc. · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Figma (FIG) 10% Owner Index Ventures VI Distributes Shares
What Happened Index Ventures VI (Jersey) L.P., a reported 10% owner of Figma (FIG), disposed of a block of Class A common stock in two ways: it distributed multiple lots of shares in-kind to its limited partners on May 19, 2026 (large dispositions with no cash consideration), and it also sold 12,475 shares in an open-market transaction on May 18, 2026 at $24.36 per share, generating $303,891. The in-kind distributions reported include 2,758,691; 703,594; 55,684; and 23,150 shares (totaling ~3.54 million shares) and are listed as dispositions with no per-share price (N/A) because they were pro-rata distributions to partners. These moves are disposals (not purchases) and reflect fund reallocation or partner distributions rather than an executive sale.
Key Details
- Transaction dates and prices:
- 2026-05-18: Open-market sale of 12,475 shares @ $24.36, proceeds $303,891.
- 2026-05-19: In-kind distributions (no cash consideration) of 2,758,691; 703,594; 55,684; and 23,150 shares (price N/A).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Distributions were made pro-rata to limited partners and general partner(s) under exemptions in Rules 16a-9(a) and 16a-13; certain managing partners (IVA VI, IGA IV, IGA V) disclaim beneficial ownership except to the extent of any pecuniary interest.
- Filing timeliness: Report filed 2026-05-20 for transactions on 5/18–5/19; filing appears timely under Form 4 rules.
Context
- These were institutional fund distributions and one small open-market sale by the fund; in-kind distributions are administrative and do not necessarily signal the manager’s view of the company. Because Index Ventures VI is a 10% institutional owner rather than an individual executive, this filing reflects partner-level reallocation/distribution activity rather than insider sentiment from company management.
Insider Transaction Report
Form 4
Figma, Inc.FIG
Index Ventures VI (Jersey) LP
10% Owner
Transactions
- Other
Class A Common Stock
[F1][F2]2026-05-19−2,758,691→ 53,052,119 total - Other
Class A Common Stock
[F3][F2]2026-05-19−55,684→ 1,070,851 total(indirect: By Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P.) - Other
Class A Common Stock
[F1][F3][F2]2026-05-19−703,594→ 0 total(indirect: By Index Venture Associates VI Limited) - Sale
Class A Common Stock
[F2]2026-05-18$24.36/sh−12,475$303,891→ 822,325 total(indirect: By Yucca Jersey SLP) - Other
Class A Common Stock
[F4][F2]2026-05-19−23,150→ 799,175 total(indirect: By Yucca Jersey SLP)
Holdings
- 2,521,618(indirect: By Index Ventures Growth IV (Jersey), L.P.)
Class A Common Stock
[F2] - 2,278,486(indirect: By Index Ventures Growth V (Jersey), L.P.)
Class A Common Stock
[F2]
Footnotes (4)
- [F1]On May 19, 2026, Index Ventures VI (Jersey), L.P. ("Index VI") distributed in-kind, without consideration, 2,758,691 shares of the Issuer's Class A Common Stock pro-rata to its limited partners and its general partner, Index Venture Associates VI Limited ("IVA VI"), in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). On the same date, IVA VI distributed in-kind, without consideration, 689,673 shares of Class A Common Stock received in the Index VI distribution pro-rata to its partners, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
- [F2]IVA VI is the managing general partner of Index VI and Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. ("Index VI Parallel"). Index Venture Growth Associates IV Limited ("IGA IV") is the managing general partner of Index Ventures Growth IV (Jersey), L.P. Index Ventures Growth Associates V Limited ("IGA V") is the managing general partner of Index Ventures Growth V (Jersey), L.P. Yucca (Jersey) SLP ("Yucca") is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Index funds' investment in the Issuer. Each of IVA VI, IGA IV and IGA V disclaims beneficial ownership of the shares for purposes of Section 16 of the Exchange Act, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it for Section 16 or any other purpose.
- [F3]On May 19, 2026, Index VI Parallel distributed in-kind, without consideration, 55,684 shares of the Issuer's Class A Common Stock pro-rata to its limited partners and its general partner, IVA VI, in accordance with the exemptions under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act. On the same date, IVA VI distributed in-kind, without consideration, 13,921 shares of Class A Common Stock received in the Index VI Parallel distribution pro-rata to its partners, in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.
- [F4]On May 19, 2026, Yucca distributed in-kind, without consideration, 23,150 shares of Class A Common Stock pro-rata to its partners in accordance with the exemptions afforded under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.