SEC Filing Analysis: Figma, Inc. (FIG)

Executive Summary

• Trading Significance: Low
• Key Takeaway: Director John Lilly acquired 335,766 shares of Class A Common Stock via pro rata distributions from Greylock venture partnerships with zero cash outlay.
• Market Impact: Neutral; the transaction is a mechanical LP distribution exempt under Rule 16a-9 and does not reflect open-market trading sentiment.

Company Information

Field	Value
Company	Figma, Inc.
Ticker Symbol	FIG
CIK	0001579878
Industry	Prepackaged Software [7372]

Insider Information

Field	Value
Name	Lilly III John Osborne
CIK	0001897305
Title/Position	Director
Relationship	Director

Transaction Details

Field	Value
Form Type	4
Transaction Date	2026-08-28
Transaction Code	J (Other - Fund Distribution)
Security Type	Class A Common Stock
Shares Involved	335,766
Price Per Share	$0.00
Total Value	$0.00
Shares Owned After	824,096 (799,396 indirect trust + 24,700 direct)
Ownership Type	Direct & Indirect (Trust)

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$0.00
% of Market Cap	0.00%
Shares Transacted	335,766
% of Shares Outstanding	0.064%
Post-Transaction Ownership	824,096 shares (0.156% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: Across Figma's $15.42B market capitalization tier, the 335,766 shares received represent approximately 0.064% of total outstanding equity.
• Ownership Concentration: Post-distribution, John Lilly retains 824,096 shares (0.156% of total shares outstanding), comprising 799,396 shares held indirectly via a revocable trust and 24,700 shares held directly.
• Dilution Impact: None; shares were distributed from existing holdings of Greylock XIV Limited Partnership, Greylock XIV-A Limited Partnership, and Greylock XIV Principals.
• Transaction Significance: Low significance as transaction code J denotes an exempt distribution under Rule 16a-9.

Market Impact Analysis

• Direction: Neutral
• Reasoning: This is an administrative distribution of shares from VC partnership entities to an individual partner/trustee and carries no open-market directional signal.
• Expected Volume Impact: Negligible volume impact as shares were received off-market.
• Sentiment Indicator: Neutral

Additional Context

• Special Circumstances: The shares represent pro rata distributions from Greylock XIV funds to general/limited partners pursuant to Rule 16a-9 under the Securities Exchange Act of 1934.