Field Dylan 4

What Happened

• Dylan Field, a reported 10% owner of Figma, converted derivative holdings into 174,430 shares and sold those shares in an open-market transaction on May 29, 2026. The weighted average sale price was $25.02, generating proceeds of $4,365,006. The conversions are reported at $0.00 cost and the sale was effected under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-05-29; Filing date: 2026-06-02 (timely filing).
• Sale: 174,430 shares disposed at a weighted average price of $25.02; total proceeds $4,365,006. Price range reported: $25.00–$25.11. (Reporting person can provide breakdown by price on request.)
• Conversion: 174,430 shares converted from derivative securities at $0.00 (conversion reported).
• Plan: Sales were made pursuant to a Rule 10b5-1 plan adopted August 4, 2025 ("Field Diversification Plan").
• Ownership after transaction: Not specified in the provided filing.
• Related holdings: Several of the converted/held shares are held of record by trusts and LLCs associated with Field (see filing footnotes re: Field 2024 GRAT Remainder Trust, Field Family Investments LLC, LLL Investments LLC, Field 2021 Descendants Trust).
• Class conversion note: Footnote indicates Class B common stock is convertible into Class A common stock under the issuer's charter.

Context

• This transaction reflects a conversion of derivative securities followed by an immediate sale — effectively a disposition of converted shares rather than an open-market purchase. As a 10% owner (not identified here as an executive), the filing reflects owner-level diversification activity executed under a trading plan, not an executive decision about company operations. No inference about future company performance should be drawn from this single routine sale.