Hamid Mamoon Amjad 4

What Happened
Hamid Mamoon Amjad (reported as Mamoon Hamid in footnotes), a 10% owner of Figma, reported a series of non‑cash transfers on Feb 25, 2026. The filing records dispositions of 6,108,232 shares of Class A common stock (4,763,981; 1,188,289; 155,962) and acquisitions of 1,495,975 shares (1,190,996; 295,454; 9,525). All transactions were recorded at $0.00 per share (no consideration). Net effect reported: a decrease of 4,612,257 shares (6,108,232 disposed minus 1,495,975 acquired). These were internal pro rata distributions and reassignments among Kleiner Perkins entities and their partners — not open‑market sales.

Key Details

• Transaction date: Feb 25, 2026; Form 4 filed Feb 27, 2026 (appears timely).
• Transaction type/code: “J” — Other acquisition/disposition; price per share = $0.00; total monetary value reported = $0.
• Shares disposed: 6,108,232 (4,763,981; 1,188,289; 155,962).
• Shares acquired: 1,495,975 (1,190,996; 295,454; 9,525).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: distributions were pro rata, for no consideration, by KPCB XVII, KPCB XVII Associates and KPCB XVII Founders to their limited partners and members; shares are held in nominee name for convenience; managing members disclaim beneficial ownership except to the extent of pecuniary interest; distributions relied on exemptions under Rules 16a‑13 and/or 16a‑9.

Context

• These were internal distributions among venture fund entities and their limited partners (institutional/affiliate reallocations), not open‑market purchases or cash sales. Such zero‑price, pro rata distributions typically reflect organizational or ownership reallocation and do not by themselves indicate the insider’s view of the company’s prospects.
• Code J (other) is commonly used for transfers that don’t fit standard buy/sell/gift categories; here it documents no‑consideration distributions.