Figma (FIG) 10% Owner Greylock XIV GP Distributes 14.6M Shares

What Happened
Greylock XIV GP LLC, reported as a 10% owner/manager related to Figma (FIG), reported three dispositions on Aug 7, 2026 that together transferred 14,605,091 Figma shares. The transfers were recorded at $0 per share (total value $0) because they were pro‑rata, in‑kind distributions to the reporting person’s partners/members rather than open‑market sales.

Key Details

• Transaction date: August 7, 2026; Form 4 filed August 11, 2026.
• Reported disposals (transaction code J — "other acquisition or disposition"):
  • 13,144,577 shares @ $0.00
  • 730,257 shares @ $0.00
  • 730,257 shares @ $0.00
  • Total shares distributed: 14,605,091; total cash proceeds reported: $0.
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnotes: F1 states these were pro‑rata, in‑kind distributions made under exemptions in Rules 16a‑13 and 16a‑9 (no additional consideration). F2 explains Greylock XIV GP is general partner/manager of related entities and disclaims beneficial ownership of securities held by those entities except to the extent of any pecuniary interest.

Context
This was an institutional, in‑kind distribution to partners (not a market sale), so it did not generate proceeds and does not necessarily signal the manager’s trading view of the stock. For retail investors, purchases by insiders are generally more indicative of confidence than distributions like this; this filing documents a transfer of ownership within the investor group rather than a liquidation on the open market.