Praveer Melwani, CFO and Treasurer of Figma, Inc., filed a Form 4 on November 3, 2026, disclosing a tax withholding transaction on November 1, 2026, in connection with the net settlement of restricted stock units.

Key Highlights

  • Reporting person: Praveer Melwani, CFO and Treasurer of Figma, Inc. (NYSE:FIG)
  • Transaction: 11,171 shares of Class A Common Stock disposed of (transaction code F) on November 1, 2026, at $21.65 per share
  • Purpose: Shares were withheld by the issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units
  • Direct holdings after transaction: 1,649,299 shares of Class A Common Stock held directly
  • Indirect holdings: 118,363 shares of Class A Common Stock held indirectly through APM33, LLC, of which Melwani is a manager

Figma CFO Praveer Melwani RSU Settlement Details

According to the filing, Praveer Melwani, identified as CFO and Treasurer of Figma, Inc. (NYSE:FIG), reported a single non-derivative transaction on November 1, 2026. The transaction involved the disposition of 11,171 shares of Class A Common Stock at a price of $21.65 per share. The filing states that this transaction "represents the number of shares of Class A Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units."

Following the reported transaction, the filing indicates Melwani directly holds 1,649,299 shares of Class A Common Stock. In addition to his direct holdings, the filing discloses 118,363 shares of Class A Common Stock held indirectly through APM33, LLC, an entity of which Melwani is identified as a manager. No derivative securities transactions were reported in Table II of the filing.

The Form 4 was signed by Brendan Mulligan as attorney-in-fact and dated November 3, 2026. The filing was submitted as an individual, single-reporting-person disclosure and is not identified as an amendment to a prior filing.

What Was Disclosed

Figma CFO Praveer Melwani disclosed the withholding of 11,171 Class A Common Stock shares at $21.65 per share on November 1, 2026, for RSU tax settlement purposes, leaving him with 1,649,299 shares directly and 118,363 shares indirectly through APM33, LLC.