Melwani Praveer 4

4 · Figma, Inc. · Filed Feb 4, 2026

AI-generated summary of this filing

Updated Feb 5, 2026

Figma (FIG) CFO Praveer Melwani Sells Shares

What Happened

Praveer Melwani, Figma's CFO and Treasurer, sold a total of 16,247 shares in two open-market/block-trade disposals on 2026-02-02, receiving roughly $403,939 in aggregate.
- 6,960 shares sold at a reported weighted-average price of $24.36 for $169,530 (prices in that block ranged $23.99–$24.9861).
- 9,287 shares sold at a reported weighted-average price of $25.24 for $234,409 (prices in that block ranged $24.99–$25.67).
These were sales (not purchases) and were executed as part of sell-to-cover transactions to satisfy tax withholding obligations tied to RSU vesting, not discretionary investment buys.

Key Details

Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (appears to be timely).
Reported proceeds: ~$169,530 and ~$234,409, total ~$403,939.
Shares owned after the transactions: Not specified in the provided filing excerpt.
Notable footnotes:
- F1: Sales were to cover tax withholding from RSU vesting (sell-to-cover).
- F2/F3: Reported prices are weighted averages from block trades; price ranges provided and the filer can supply per-price breakdowns on request.
- F4: Some securities are held by APM33, LLC, of which Melwani is a manager.
Transaction code: S (sale); footnote F1 corresponds to tax-withholding-related disposition.

Context

Sell-to-cover sales to satisfy tax withholding are routine and typically reflect vesting-related obligations rather than a direct signal of insider sentiment.
Block trades can produce weighted-average prices; the filing provides ranges and an offer to disclose the exact allocation of shares at each price if requested.

Form 4

Period: 2026-02-02

CFO and Treasurer

Transactions

Sale
Class A Common Stock
[F1][F2]
2026-02-02$24.36/sh−6,960$169,530→ 1,559,585 total
Sale
Class A Common Stock
[F1][F3]
2026-02-02$25.24/sh−9,287$234,409→ 1,550,298 total

Holdings

Footnotes (4)

[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.
[F4]These securities are held by APM33, LLC, of which the Reporting Person is a manager.

Signature

/s/ Brendan Mulligan, Attorney-in-Fact|2026-02-04

1 file