Herb Tyler 4

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.