Figma CTO Kris Rasmussen Withholds Shares for Taxes

What Happened

• Kris Rasmussen, Chief Technology Officer at Figma (FIG), reported the disposition of 61,962 shares on 2026-08-01. The shares were withheld by the company to satisfy tax withholding liabilities related to the net settlement of restricted stock units (RSUs). The report lists a per-share price of $24.32 for a total value of $1,506,916. This is a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-08-01
• Price reported: $24.32 per share
• Shares withheld/disposed: 61,962 — total value ≈ $1,506,916
• Transaction code: F (shares withheld for tax withholding in connection with net settlement of RSUs)
• Footnote: The issuer withheld the shares to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units (F1).
• Shares owned after transaction: not specified in the provided filing
• Filing date / timeliness: Form filed 2026-08-04; the filing does not indicate a late-filing code in the summary provided

Context

• This was a routine tax-withholding transaction tied to the settlement of RSUs (a "net settlement" where the company retains shares to cover taxes), not an exercise-and-sale or an open-market sale. Such withholdings are common and do not necessarily signal insider sentiment about the company.