Figma (FIG) 10% Owner Index Ventures VI Distributes and Sells Shares

What Happened
Index Ventures VI (Jersey) L.P., a reported 10% holder of Figma, distributed substantial blocks of Figma Class A common stock in‑kind to its limited partners and related vehicles on August 11, 2026, and one related fund sold a small block in the open market. Key moves: an in‑kind distribution of 2,758,691 shares (Aug 11), additional in‑kind distributions of 703,594; 55,684; and 23,150 shares (Aug 11), and an open‑market sale of 12,475 shares on Aug 10 at $25.39 per share, generating $316,740. The in‑kind distributions were made without consideration and reported under exemptions in Rules 16a‑9(a) and 16a‑13 of the Exchange Act.

Key Details

• Transaction dates and prices:
  • Aug 10, 2026 — open‑market sale: 12,475 shares at $25.39, proceeds $316,740.
  • Aug 11, 2026 — in‑kind distributions (no cash proceeds reported): 2,758,691; 703,594; 55,684; and 23,150 shares.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes: distributions were made pro‑rata to limited partners and the general partner (IVA VI); IVA VI and other managing partners disclaim beneficial ownership except to the extent of any pecuniary interest. Distributions cited exemptions under Rule 16a‑9(a) and Rule 16a‑13.
• Filing timeliness: Reported Period 2026‑08‑10; Form filed 2026‑08‑12 — appears filed within the standard 2‑business‑day Form 4 timeframe.

Context
These were primarily institutional in‑kind distributions from fund vehicles to their partners (not executive sales). In‑kind distributions and pro‑rata transfers generally reflect fund-level reallocations or LP distributions rather than a manager’s personal trading decision, and therefore do not necessarily signal the fund’s near‑term view on the stock. The single open‑market sale was modest (~$317k) relative to the distributed blocks.