Rasmussen Kris 4
4 · Figma, Inc. · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-02-02$24.36/sh−31,832$775,357→ 10,666,816 total - Sale
Class A Common Stock
[F1][F3]2026-02-02$25.24/sh−42,473$1,072,040→ 10,624,343 total
Footnotes (3)
- [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.