Melwani Praveer 4

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.