Figma CTO Kris Rasmussen Sells 74,305 Shares

What Happened Kris Rasmussen, Chief Technology Officer of Figma (FIG), sold a total of 74,305 shares on 2026-02-02 in two block transactions. The first sale was 31,832 shares at a weighted-average price of $24.36 for proceeds of $775,357; the second was 42,473 shares at a weighted-average price of $25.24 for proceeds of $1,072,040. These transactions are reported as sales (code S) and were executed to cover tax withholding obligations related to the vesting/settlement of restricted stock units (per filing footnote).

Key Details

• Transaction date: 2026-02-02; filing date: 2026-02-04 (filed within the normal two-business-day Form 4 window).
• Sales: 31,832 @ weighted avg $24.36 (≈ $775,357) and 42,473 @ weighted avg $25.24 (≈ $1,072,040); total ≈ $1.85M.
• Footnotes: F1 indicates these were "sell-to-cover" sales to satisfy tax withholding (not discretionary sells). F2 and F3 note the reported prices are weighted averages from block trades with price ranges of $23.99–$24.9861 and $24.99–$25.67 respectively; the reporting person can provide a price-by-price breakdown on request.
• Shares owned after the transaction: not disclosed in the provided excerpt of the filing.

Context Sell-to-cover transactions are common when restricted stock units vest and shares are sold solely to satisfy tax obligations; they generally do not signal a change in an insider’s view of the company. The sales were done via block trades across price ranges rather than single-price open-market trades, and the filer has committed to disclose detailed breakdowns if requested.