Melwani Praveer 4

What Happened
Praveer Melwani, Figma's Chief Financial Officer and Treasurer, had 16,994 shares of Class A common stock withheld to satisfy tax withholding in connection with the net settlement of restricted stock units. The shares were valued at $29.39 each, for a total of $499,454. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: March 1, 2026; Filing date: March 3, 2026 (file appears timely, filed two business days after the transaction).
• Shares withheld/disposed: 16,994 at $29.39 per share; total value ≈ $499,454.
• Transaction code: F — shares withheld to satisfy tax withholding for net settlement of RSUs (per footnote F1).
• Holding vehicle: These securities are held by APM33, LLC, of which the reporting person is a manager (per footnote F2).
• Shares owned after transaction: Not specified in the provided filing details.

Context
Net settlement withholding is a common administrative step when restricted stock units vest: the issuer retains (or disposes of) a portion of the vested shares to cover tax liabilities. Because this was a tax-withholding disposition rather than an open-market sale, it is generally considered routine and is less indicative of the insider’s view of the company than an outright sale or purchase.