Index Ventures VI (Jersey) LP filed a Form 4 with the SEC on November 13, 2026, reporting a series of in-kind distributions of Figma, Inc. (NASDAQ:FIG) Class A Common Stock made on November 11 and November 12, 2026.

Key Highlights

  • Large in-kind distribution: Index Ventures VI (Jersey), L.P. distributed 2,758,691 shares of Figma Class A Common Stock pro-rata to its limited partners and general partner on November 12, 2026, without consideration.
  • Parallel fund distribution: Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. separately distributed 55,684 shares of Class A Common Stock on November 12, 2026, also without consideration.
  • Yucca distribution: Yucca (Jersey) SLP distributed 23,150 shares of Class A Common Stock pro-rata to its partners on November 12, 2026, without consideration.
  • Open-market sale: Yucca (Jersey) SLP sold 12,475 shares of Class A Common Stock on November 11, 2026, at a price of $18.97 per share.
  • Post-transaction direct holdings: Following the reported transactions, Index Ventures VI (Jersey), L.P. directly holds 47,534,737 shares of Class A Common Stock.
  • Rule 16a-9 and 16a-13 exemptions: According to the filing, all in-kind distributions were made in accordance with exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934.

Index Ventures VI In-Kind Share Distributions Across Multiple Figma Vehicles

According to the filing, on November 12, 2026, Index Ventures VI (Jersey), L.P. ("Index VI") distributed 2,758,691 shares of Figma, Inc. Class A Common Stock pro-rata to its limited partners and its general partner, Index Venture Associates VI Limited ("IVA VI"), without consideration. On the same date, IVA VI in turn distributed 689,673 of those shares pro-rata to its own partners, also without consideration. Both distributions were reported as relying on exemptions under Rule 16a-9(a) and Rule 16a-13 of the Exchange Act.

Also on November 12, 2026, Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. distributed 55,684 shares to its limited partners and IVA VI without consideration, after which IVA VI distributed 13,921 of those shares further to its partners. Separately, Yucca (Jersey) SLP distributed 23,150 shares pro-rata to its partners on that same date. The filing notes that Yucca serves as the administrator of Index co-investment vehicles contractually required to mirror the relevant Index funds' investment in Figma. On November 11, 2026, Yucca also sold 12,475 shares on the open market at $18.97 per share, with its remaining indirect beneficial ownership reported at 751,075 shares before the subsequent November 12 distribution reduced that figure to 727,925 shares.

The filing identifies IVA VI as the managing general partner of both Index VI and Index VI Parallel. It further notes that IVA VI, Index Ventures Growth Associates IV Limited, and Index Ventures Growth Associates V Limited each disclaim beneficial ownership of reported shares for Section 16 purposes, "except to the extent of its pecuniary interest therein, if any," and that the report "shall not be deemed an admission that such shares are beneficially owned" by those entities for Section 16 or any other purpose. All reporting persons are listed as 10% owners of Figma, Inc.

What Was Disclosed

The filing reports in-kind pro-rata distributions of Figma Class A Common Stock by Index Ventures VI (Jersey), L.P. and affiliated entities on November 12, 2026, plus a single open-market sale of 12,475 shares by Yucca (Jersey) SLP on November 11, 2026, at $18.97 per share.