Reed Andrew Phillips 4

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.