Index Ventures VI (Jersey) LP 4

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.