Figma (FIG) CAO Herb Tyler Sells Shares

What Happened
Herb Tyler, Chief Accounting Officer of Figma, disposed of a total of 4,408 shares in early August 2026. On 2026-08-01 the company withheld 2,872 shares at $24.32 each (value ≈ $69,847) to satisfy tax withholding related to a net settlement of restricted stock units. On 2026-08-03 Tyler sold 1,536 shares in an open-market transaction at $26.00 each (value = $39,936). Both actions are dispositions (sales/withholding) rather than purchases.

Key Details

• Transaction dates and amounts:
  • 2026-08-01: 2,872 shares withheld at $24.32 each — $69,847 (tax withholding on RSU net settlement) (F1).
  • 2026-08-03: 1,536 shares sold open-market at $26.00 each — $39,936 (S) (F2).
• Total value of dispositions: ≈ $109,783.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Shares withheld by the issuer to satisfy tax withholding for net settlement of restricted stock units.
  • F2: Open-market sales were effected under a Rule 10b5-1 trading plan adopted Aug 5, 2025.
• Filing timeliness: No late filing indicated in the provided record.

Context
Withholding shares to cover taxes on RSUs is a routine administrative disposition and does not represent an active open‑market sale by the executive. The 1,536-share sale was executed under a pre-established 10b5-1 plan, meaning it was likely prearranged and scheduled rather than a discretionary trade. Such routine tax-withholding and 10b5-1 sales are common and should be interpreted differently from opportunistic discretionary sales or purchases.