Andrew Phillips Reed - 01 Aug 2025 Form 4 Insider Report for Figma, Inc. (FIG)

Role
Director
Signature
/s/ Jung Yeon Son, by power of attorney for Andrew Reed
Issuer symbol
FIG
Transactions as of
01 Aug 2025
Net transactions value
-$51,889,661
Form type
4
Filing time
05 Aug 2025, 20:05:25 UTC
Previous filing
30 Jul 2025
Next filing
24 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Reed Andrew Phillips Director 2800 SAND HILL ROAD, SUITE 101, MENLO PARK /s/ Jung Yeon Son, by power of attorney for Andrew Reed 05 Aug 2025 0001990997

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIG Class A Common Stock Conversion of derivative security $0 +19,332,982 +471% $0.000000 23,439,105 01 Aug 2025 Sequoia Capital U.S. Growth Fund VIII, L.P. F2
transaction FIG Class A Common Stock Conversion of derivative security $0 +6,503,880 +625% $0.000000 7,544,850 01 Aug 2025 Sequoia Grove II, LLC F3
transaction FIG Class A Common Stock Conversion of derivative security $0 +132,555 +625% $0.000000 153,770 01 Aug 2025 Sequoia Grove UK, L.P. F3
transaction FIG Class A Common Stock Purchase $1,980,000 +60,000 $33.00 60,000 01 Aug 2025 Sequoia Capital US/E Expansion Fund I, L.P. F2, F4
transaction FIG Class A Common Stock Sale $40,550,697 -1,286,711 -5.5% $31.52 22,152,394 01 Aug 2025 Sequoia Capital U.S. Growth Fund VIII, L.P. F2, F4
transaction FIG Class A Common Stock Sale $13,052,946 -414,182 -5.5% $31.52 7,130,668 01 Aug 2025 Sequoia Grove II, LLC F3, F4
transaction FIG Class A Common Stock Sale $266,018 -8,441 -5.5% $31.52 145,329 01 Aug 2025 Sequoia Grove UK, L.P. F3, F4
holding FIG Class A Common Stock 1,077,911 01 Aug 2025 SC U.S. Growth IX Management, L.P. F2
holding FIG Class A Common Stock 1,971,015 01 Aug 2025 SC US/E Growth X Management, L.P. F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FIG Series Seed Preferred Stock Conversion of derivative security $0 -1,079,864 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 1,079,864 Sequoia Capital U.S. Growth Fund VIII, L.P. F1, F2
transaction FIG Series Seed Preferred Stock Conversion of derivative security $0 -381,255 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 381,255 Sequoia Grove II, LLC F1, F3
transaction FIG Series Seed Preferred Stock Conversion of derivative security $0 -7,770 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 7,770 Sequoia Grove UK, L.P. F1, F3
transaction FIG Series A Preferred Stock Conversion of derivative security $0 -519,908 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 519,908 Sequoia Capital U.S. Growth Fund VIII, L.P. F1, F2
transaction FIG Series A Preferred Stock Conversion of derivative security $0 -186,705 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 186,705 Sequoia Grove II, LLC F1, F3
transaction FIG Series A Preferred Stock Conversion of derivative security $0 -3,805 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 3,805 Sequoia Grove UK, L.P. F1, F3
transaction FIG Series C Preferred Stock Conversion of derivative security $0 -16,072,225 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 16,072,225 Sequoia Capital U.S. Growth Fund VIII, L.P. F1, F2
transaction FIG Series C Preferred Stock Conversion of derivative security $0 -5,766,240 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 5,766,240 Sequoia Grove II, LLC F1, F3
transaction FIG Series C Preferred Stock Conversion of derivative security $0 -117,520 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 117,520 Sequoia Grove UK, L.P. F1, F3
transaction FIG Series D Preferred Stock Conversion of derivative security $0 -470,660 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 470,660 Sequoia Capital U.S. Growth Fund VIII, L.P. F1, F2
transaction FIG Series D Preferred Stock Conversion of derivative security $0 -169,680 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 169,680 Sequoia Grove II, LLC F1, F3
transaction FIG Series D Preferred Stock Conversion of derivative security $0 -3,460 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 3,460 Sequoia Grove UK, L.P. F1, F3
transaction FIG Series E Preferred Stock Conversion of derivative security $0 -1,190,325 -100% $0.000000 0 01 Aug 2025 Class A Common Stock 1,190,325 Sequoia Capital U.S. Growth Fund VIII, L.P. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series Seed Preferred Stock, Series A Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock automatically converted into Class A Common stock of the Issuer on a 1-for-1 basis immediately prior to the closing of the Issuer's initial public offering. The securities had no expiration date.
F2 The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth IX Management, L.P., (ii) the general partner of SC US/E Growth X Management, L.P., (iii) the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P. and (iv) the general partner of SC US/E Expansion Fund I Management, L.P, which is the general partner of Sequoia Capital US/E Expansion Fund I, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F3 The Reporting Person is a member of Sequoia Grove II, LLC and a limited partner of Sequoia Grove UK, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F4 The reported purchase and sale transactions represent sales by the specified funds as selling stockholders in the Issuer's initial public offering and a purchase by Sequoia Capital US/E Expansion Fund I, L.P. of shares of common stock from the underwriters in the issuer's initial public offering.