Reed Andrew Phillips 4
4 · Figma, Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Figma (FIG) Director Reed Phillips Receives 12,415-Share Award
What Happened
- Reed Andrew Phillips, a director of Figma, was granted 12,415 restricted stock units (RSUs) on 2026-06-02. The award shows an acquisition price of $0.00, so no cash was paid; reported value in the Form 4 is $0 for the transaction itself.
Key Details
- Transaction date: 2026-06-02; Form 4 filed 2026-06-04 (appears timely).
- Award: 12,415 RSUs, acquisition price $0.00 (code A = award/grant).
- Shares owned after transaction: not specified in this filing.
- Footnote F1: RSUs vest in full on the earlier of (i) the first anniversary of the grant or (ii) the issuer’s next annual meeting of stockholders, subject to continued service.
- Footnotes F2–F3: Phillips has relationships with Sequoia-related entities and disclaims beneficial ownership of securities held through those entities except for any pecuniary interest; these are standard disclosure clarifications.
Context
- This was an equity award (RSUs), not a market purchase or sale — no immediate cash transaction or sale of shares occurred. Such grants are common for director compensation and vest over time per the stated schedule. The Sequoia-related footnotes reflect entity affiliations and do not indicate this award was obtained through those entities.
Insider Transaction Report
Form 4
Figma, Inc.FIG
Reed Andrew Phillips
Director
Transactions
- Award
Class A Common Stock
[F1]2026-06-02+12,415→ 12,415 total
Holdings
- 22,152,394(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.)
Class A Common Stock
[F2] - 1,077,911(indirect: SC U.S. Growth IX Management, L.P.)
Class A Common Stock
[F2] - 1,971,015(indirect: SC US/E Growth X Management, L.P.)
Class A Common Stock
[F2] - 60,000(indirect: Sequoia Capital US/E Expansion Fund I, L.P.)
Class A Common Stock
[F2] - 1,466,852(indirect: SC Expansion Fund II Management, L.P.)
Class A Common Stock
[F2] - 7,130,668(indirect: By LLC)
Class A Common Stock
[F3] - 145,329(indirect: Sequoia Grove UK, L.P.)
Class A Common Stock
[F3]
Footnotes (3)
- [F1]Represents restricted stock units granted to the Reporting Person. The shares subject to this award vest in full on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continued service through such date.
- [F2]The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth IX Management, L.P., (ii) the general partner of SC US/E Growth X Management, L.P., (iii) the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P., (iv) the general partner of SC US/E Expansion Fund I Management, L.P, which is the general partner of Sequoia Capital US/E Expansion Fund I, L.P. and (v) the general partner of SC Expansion Fund II Management, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F3]The Reporting Person is a member of Sequoia Grove II, LLC and a limited partner of Sequoia Grove UK, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
Signature
/s/ Jung Yeon Son, by power of attorney for Andrew Reed|2026-06-04