Herb Tyler 4
4 · Figma, Inc. · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Figma (FIG) Chief Accounting Officer Herb Tyler Sells Shares
What Happened Herb Tyler, Chief Accounting Officer of Figma (FIG), sold a total of 2,232 shares in two transactions on February 2, 2026, receiving approximately $55,493 in aggregate. The filings show 956 shares sold at an average price of $24.36 for ~$23,286 and 1,276 shares sold at an average price of $25.24 for ~$32,207. Both line items are reported as sales (S) and were executed as part of block trades.
Key Details
- Transaction dates: February 2, 2026; Form 4 filed February 4, 2026 (within the typical 2-business-day reporting window).
- Prices/values: 956 sh @ $24.36 = $23,286 (weighted avg; block trade range $23.99–$24.9861) and 1,276 sh @ $25.24 = $32,207 (weighted avg; block trade range $24.99–$25.67).
- Total shares sold: 2,232; total proceeds ≈ $55,493.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Notable footnotes:
- F1: These sales were "sell to cover" transactions to satisfy tax withholding on RSU vesting (i.e., to cover tax obligations, not discretionary cash sales).
- F2/F3: Reported prices are weighted averages; sales were part of block trades for multiple security holders, with specific per-price allocation available upon request.
- Transaction code: S = Sale; withholding/tax code F indicated in footnote.
Context These were routine sell-to-cover transactions to satisfy tax withholding related to restricted stock units, a common administrative action that does not necessarily reflect the insider’s market outlook. For retail investors, purchases by insiders typically carry more informational weight than routine tax-related sales.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-02-02$24.36/sh−956$23,286→ 197,202 total - Sale
Class A Common Stock
[F1][F3]2026-02-02$25.24/sh−1,276$32,207→ 195,926 total
Footnotes (3)
- [F1]The sales reported in this line item represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person.
- [F2]The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $23.99 to $24.9861, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades.
- [F3]The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $24.99 to $25.67, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades.