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

Reporting relationship: Director
Issuer ticker: FIG
Reported as of: 01 Aug 2025
Net transaction value: -$51,889,661
SEC form: 4
Accepted by SEC: 05 Aug 2025, 20:05:25 UTC
Prior SEC filing: 30 Jul 2025
Next SEC filing: 24 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Jung Yeon Son, by power of attorney for Andrew Reed

Key filing fact

Andrew Phillips Reed filed Form 4 for Figma, Inc. (FIG) on 05 Aug 2025.

Key facts

This page summarizes Andrew Phillips Reed's Form 4 filing for Figma, Inc. (FIG).
20 reported transactions and 13 derivative rows are listed below.
Accepted by SEC: 05 Aug 2025, 20:05.

Change

Previous filing in this sequence was filed on 30 Jul 2025.
Current net transaction value: -$51,889,661.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001990997 Primary reporting owner

Reed Andrew Phillips

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FIG transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +19,332,982
Change %: +471%
Price: $0.000000
Shares after: 23,439,105
Date: 01 Aug 2025
Ownership: Sequoia Capital U.S. Growth Fund VIII, L.P.
Footnotes: F2

FIG transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +6,503,880
Change %: +625%
Price: $0.000000
Shares after: 7,544,850
Date: 01 Aug 2025
Ownership: Sequoia Grove II, LLC
Footnotes: F3

FIG transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +132,555
Change %: +625%
Price: $0.000000
Shares after: 153,770
Date: 01 Aug 2025
Ownership: Sequoia Grove UK, L.P.
Footnotes: F3

FIG transaction

Class A Common Stock

Purchase

Transaction value: $1,980,000
Shares: +60,000
Change %
Price: $33.00
Shares after: 60,000
Date: 01 Aug 2025
Ownership: Sequoia Capital US/E Expansion Fund I, L.P.
Footnotes: F2, F4

FIG transaction

Class A Common Stock

Sale

Transaction value: $40,550,697
Shares: -1,286,711
Change %: -5.5%
Price: $31.52
Shares after: 22,152,394
Date: 01 Aug 2025
Ownership: Sequoia Capital U.S. Growth Fund VIII, L.P.
Footnotes: F2, F4

FIG transaction

Class A Common Stock

Sale

Transaction value: $13,052,946
Shares: -414,182
Change %: -5.5%
Price: $31.52
Shares after: 7,130,668
Date: 01 Aug 2025
Ownership: Sequoia Grove II, LLC
Footnotes: F3, F4

FIG transaction

Class A Common Stock

Sale

Transaction value: $266,018
Shares: -8,441
Change %: -5.5%
Price: $31.52
Shares after: 145,329
Date: 01 Aug 2025
Ownership: Sequoia Grove UK, L.P.
Footnotes: F3, F4

FIG holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,077,911
Date: 01 Aug 2025
Ownership: SC U.S. Growth IX Management, L.P.
Footnotes: F2

FIG holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,971,015
Date: 01 Aug 2025
Ownership: SC US/E Growth X Management, L.P.
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FIG transaction Derivative

Series Seed Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -1,079,864
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Capital U.S. Growth Fund VIII, L.P.
Underlying class: Class A Common Stock
Underlying amount: 1,079,864
Exercise price
Footnotes: F1, F2

FIG transaction Derivative

Series Seed Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -381,255
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Grove II, LLC
Underlying class: Class A Common Stock
Underlying amount: 381,255
Exercise price
Footnotes: F1, F3

FIG transaction Derivative

Series Seed Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -7,770
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Grove UK, L.P.
Underlying class: Class A Common Stock
Underlying amount: 7,770
Exercise price
Footnotes: F1, F3

FIG transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -519,908
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Capital U.S. Growth Fund VIII, L.P.
Underlying class: Class A Common Stock
Underlying amount: 519,908
Exercise price
Footnotes: F1, F2

FIG transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -186,705
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Grove II, LLC
Underlying class: Class A Common Stock
Underlying amount: 186,705
Exercise price
Footnotes: F1, F3

FIG transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -3,805
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Grove UK, L.P.
Underlying class: Class A Common Stock
Underlying amount: 3,805
Exercise price
Footnotes: F1, F3

FIG transaction Derivative

Series C Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -16,072,225
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Capital U.S. Growth Fund VIII, L.P.
Underlying class: Class A Common Stock
Underlying amount: 16,072,225
Exercise price
Footnotes: F1, F2

FIG transaction Derivative

Series C Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -5,766,240
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Grove II, LLC
Underlying class: Class A Common Stock
Underlying amount: 5,766,240
Exercise price
Footnotes: F1, F3

FIG transaction Derivative

Series C Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -117,520
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Grove UK, L.P.
Underlying class: Class A Common Stock
Underlying amount: 117,520
Exercise price
Footnotes: F1, F3

FIG transaction Derivative

Series D Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -470,660
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Capital U.S. Growth Fund VIII, L.P.
Underlying class: Class A Common Stock
Underlying amount: 470,660
Exercise price
Footnotes: F1, F2

FIG transaction Derivative

Series D Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -169,680
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Grove II, LLC
Underlying class: Class A Common Stock
Underlying amount: 169,680
Exercise price
Footnotes: F1, F3

FIG transaction Derivative

Series D Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -3,460
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Grove UK, L.P.
Underlying class: Class A Common Stock
Underlying amount: 3,460
Exercise price
Footnotes: F1, F3

FIG transaction Derivative

Series E Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -1,190,325
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Aug 2025
Ownership: Sequoia Capital U.S. Growth Fund VIII, L.P.
Underlying class: Class A Common Stock
Underlying amount: 1,190,325
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.