Herb Tyler 4
Research Summary
AI-generated summary
Figma (FIG) Herb Tyler, Chief Accounting Officer Sells 2,351 Shares
What Happened
Herb Tyler, Chief Accounting Officer of Figma, recorded a disposition of 2,351 shares of Class A common stock on March 1, 2026. The shares were reported at $29.39 each, for a total value of $69,096. This was not an open-market sale but a share withholding to satisfy tax obligations related to the net settlement of restricted stock units.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
- Transaction type/code: F — tax withholding in connection with net settlement of RSUs (disposition).
- Shares involved: 2,351 shares withheld at $29.39 per share = $69,096.
- Shares owned after transaction: Not disclosed in the provided filing summary.
- Footnote: F1 — issuer withheld shares to satisfy tax withholding liabilities tied to RSU net settlement.
Context
This was a routine tax-withholding event as part of RSU settlement (a cashless/net settlement), not a market sale that signals a trading decision. Such transactions are common when restricted shares vest and do not necessarily indicate the insider’s view on the company’s stock.