Field Dylan 4
4 · Figma, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Figma (FIG) 10% Owner Dylan Field Sells 486,930 Shares
What Happened Dylan Field, a reported 10% owner of Figma (FIG), converted 486,930 derivative securities into common shares (recorded at $0) and sold those shares in multiple open-market transactions on February 26, 2026. The sales generated total gross proceeds of approximately $14.99 million (weighted-average sale price ≈ $30.80). The individual sales were executed at prices ranging roughly from $29.88 to $32.62 per share.
These were disposals (sales), not purchases — typically a routine diversification or liquidity action rather than a bullish insider purchase signal.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026.
- Shares converted and sold: 486,930 shares (three conversion blocks of 250,000; 62,500; and 174,430).
- Total proceeds: ~$14,990,904; weighted-average sale price ≈ $30.80/share.
- Reported price range across the trades: about $29.88 to $32.62 per share (see filing footnotes for group ranges).
- Sales executed pursuant to a Rule 10b5-1 trading plan adopted August 4, 2025 (the “Field Diversification Plan”) — see footnote F1.
- Conversions recorded at $0 cost on the Form 4 (derivative conversions), and Footnote F9 notes Class B shares are convertible into Class A on a one-for-one basis.
- Trust-related notes: transfers to trusts are reported (e.g., transfers on Feb 20, 2026 per footnotes F5 and F10); some shares are held by related entities/LLC (F4, F11).
- Shares owned after the transaction: not specified in the excerpt provided.
- Filing timeliness: Form filed March 2 for Feb 26 trades; filing appears to be within the normal Form 4 window (not marked as late in the excerpt).
Context
- “Conversion of derivative security (C)” here means derivative interests (convertible shares/rights) were converted into common stock (no cash paid on conversion) and then sold. The filing shows conversion lines and corresponding market-sale lines executed the same day.
- Sales under a 10b5-1 plan are pre-arranged and generally indicate a planned diversification/liquidity event rather than reactive insider selling based on nonpublic information.
- As a 10% owner (not necessarily an executive), Field is a large, controlling-type holder; such holders often move shares into trusts or sell under planned programs for estate, tax, or diversification reasons.
Insider Transaction Report
Form 4
Figma, Inc.FIG
Field Dylan
DirectorPresident & CEO10% Owner
Transactions
- Conversion
Class A Common Stock
2026-02-26+250,000→ 250,000 total - Sale
Class A Common Stock
[F1][F2]2026-02-26$30.76/sh−237,713$7,312,931→ 12,287 total - Sale
Class A Common Stock
[F1][F3]2026-02-26$31.48/sh−12,287$386,810→ 0 total - Conversion
Class A Common Stock
[F4]2026-02-26+62,500→ 62,500 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F2][F4]2026-02-26$30.76/sh−59,430$1,828,287→ 3,070 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F3][F4]2026-02-26$31.48/sh−3,070$96,647→ 0 total(indirect: By Trust) - Conversion
Class A Common Stock
[F5]2026-02-26+174,430→ 174,430 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F6][F5]2026-02-26$30.30/sh−117,617$3,563,430→ 56,813 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F7][F5]2026-02-26$31.44/sh−33,177$1,042,942→ 23,636 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F8][F5]2026-02-26$32.15/sh−23,636$759,857→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F9][F10]2026-02-26−250,000→ 35,397,434 total→ Class A Common Stock (250,000 underlying) - Conversion
Class B Common Stock
[F9][F4]2026-02-26−62,500→ 14,754,517 total(indirect: See footnote)→ Class A Common Stock (62,500 underlying) - Conversion
Class B Common Stock
[F9][F5]2026-02-26−174,430→ 523,289 total(indirect: By Trust)→ Class A Common Stock (174,430 underlying)
Holdings
- 1,122,908(indirect: By Trust)
Class B Common Stock
[F9][F11]→ Class A Common Stock (1,122,908 underlying)
Footnotes (11)
- [F1]The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 4, 2025 (the "Field Diversification Plan").
- [F10]On February 20, 2026, the Dylan Field 2024 Annuity Trust, of which the Reporting Person is trustee, transferred, for no consideration, 437,606 shares of Class B Common Stock to the Reporting Person.
- [F11]These shares are held by the Field 2021 Descendants Trust, of which Bryn Mawr Trust Company of Delaware serves as trustee and may be replaced at the discretion of the Reporting Person.
- [F2]Represents the weighted average sale price. The lowest price at which shares were sold was $30.40 and the highest price at which shares were sold was $31.39. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- [F3]Represents the weighted average sale price. The lowest price at which shares were sold was $31.40 and the highest price at which shares were sold was $31.62. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- [F4]These shares are held of record by LLL Investments LLC which is associated with the Reporting Person.
- [F5]These shares are held by the Field 2024 GRAT Remainder Trust, of which A7P Trust Company serves as trustee and may be replaced at the discretion of the Reporting Person. On February 20, 2026, the Dylan Field 2024 Annuity Trust, of which the Reporting Person is trustee, transferred, for no consideration, 697,719 shares of Class B Common Stock to the Field 2024 GRAT Remainder Trust.
- [F6]Represents the weighted average sale price. The lowest price at which shares were sold was $29.88 and the highest price at which shares were sold was $30.87. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- [F7]Represents the weighted average sale price. The lowest price at which shares were sold was $30.88 and the highest price at which shares were sold was $31.87. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- [F8]Represents the weighted average sale price. The lowest price at which shares were sold was $31.88 and the highest price at which shares were sold was $32.62. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- [F9]Each share of Class B Common Stock is convertible into one share of the lssuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value, or upon the occurrence of certain events or conditions described in the Issuer's Amended and Restated Certificate of Incorporation.
Signature
/s/ Brendan Mulligan, Attorney-in-Fact|2026-03-02