Large owner Kleiner Perkins Caufield & Byers Xvii, Llc converted options into 49,215,680 shares and sold $86,855,970 worth of shares (2,756,020 units at $31.52) (SEC Form 4)

8/5/25 8:17:15 PM ET

$FIG

Computer Software: Prepackaged Software

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kleiner Perkins Caufield & Byers XVII, LLC

(Last)

(First)

(Middle)

2750 SAND HILL ROAD

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Figma, Inc. [ FIG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	08/01/2025		C		47,655,543	A	⁽¹⁾	50,308,466	D⁽²⁾
Class A Common Stock	08/01/2025		C		1,560,137	A	⁽¹⁾	1,646,988	I	By KPCB XVII Founders Fund, LLC⁽²⁾
Class A Common Stock	08/01/2025		S		2,668,654	D	$31.515	47,639,812	D⁽²⁾
Class A Common Stock	08/01/2025		S		87,366	D	$31.515	1,559,622	I	By KPCB XVII Founders Fund, LLC⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series B Preferred Stock	⁽¹⁾	08/01/2025		C			45,429,571	⁽¹⁾	⁽¹⁾	Class A Common Stock	45,429,571	$0	0	D⁽²⁾
Series B Preferred Stock	⁽¹⁾	08/01/2025		C			1,487,264	⁽¹⁾	⁽¹⁾	Class A Common Stock	1,487,264	$0	0	I	By KPCB XVII Founders Fund, LLC⁽²⁾
Series C Preferred Stock	⁽¹⁾	08/01/2025		C			2,205,008	⁽¹⁾	⁽¹⁾	Class A Common Stock	2,205,008	$0	0	D⁽²⁾
Series C Preferred Stock	⁽¹⁾	08/01/2025		C			72,187	⁽¹⁾	⁽¹⁾	Class A Common Stock	72,187	$0	0	I	By KPCB XVII Founders Fund, LLC⁽²⁾
Series D Preferred Stock	⁽¹⁾	08/01/2025		C			20,964	⁽¹⁾	⁽¹⁾	Class A Common Stock	20,964	$0	0	D⁽²⁾
Series D Preferred Stock	⁽¹⁾	08/01/2025		C			686	⁽¹⁾	⁽¹⁾	Class A Common Stock	686	$0	0	I	By KPCB XVII Founders Fund, LLC⁽²⁾

1. Name and Address of Reporting Person^*

Kleiner Perkins Caufield & Byers XVII, LLC

(Last)

(First)

(Middle)

2750 SAND HILL ROAD

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

KPCB XVII Associates, LLC

(Last)

(First)

(Middle)

2750 SAND HILL ROAD

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The Series B Preferred Stock, Series C Preferred Stock and Series D 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.

2. These securities are held for convenience in the name of "KPCB Holdings, Inc., as nominee" for the accounts of these entities. The managing member of Kleiner Perkins Caufield & Byers XVII, LLC ("KPCB XVII") and KPCB XVII Founders Fund, LLC ("KPCB XVII Founders") is KPCB XVII Associates, LLC ("KPCB XVII Associates"). Theodore E. Schlein, Beth Seidenberg, Mamoon Hamid and Ilya Fushman, the managing members of KPCB XVII Associates, exercise shared voting and dispositive control over the shares held by KPCB XVII and KPCB XVII Founders. Such managing members disclaim beneficial ownership of all shares held by KPCB XVII and KPCB XVII Founders except to the extent of their pecuniary interest therein.

	/s/ Kleiner Perkins Caufield & Byers XVII, LLC By: /s/ Susan Biglieri, Chief Financial Officer	08/05/2025
	/s/ KPCB XVII Associates, LLC By: /s/ Susan Biglieri, Chief Financial Officer	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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Date

Price Target

Rating

Analyst

8/20/2025

$85.00

Overweight

Piper Sandler

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)

2. Transaction Date (Month/Day/Year)

2A. Deemed Execution Date, if any (Month/Day/Year)

3. Transaction Code (Instr. 8)

4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

Amount

(A) or (D)

Price

Class A Common Stock

08/01/2025

47,655,543

⁽¹⁾

50,308,466

D⁽²⁾

Class A Common Stock

08/01/2025

1,560,137

⁽¹⁾

1,646,988

By KPCB XVII Founders Fund, LLC⁽²⁾

Class A Common Stock

08/01/2025

2,668,654

$31.515

47,639,812

D⁽²⁾

Class A Common Stock

08/01/2025

87,366

$31.515

1,559,622

By KPCB XVII Founders Fund, LLC⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Series B Preferred Stock

⁽¹⁾

08/01/2025

45,429,571

⁽¹⁾

Class A Common Stock

45,429,571

D⁽²⁾

Series B Preferred Stock

⁽¹⁾

08/01/2025

1,487,264

⁽¹⁾

Class A Common Stock

1,487,264

By KPCB XVII Founders Fund, LLC⁽²⁾

Series C Preferred Stock

⁽¹⁾

08/01/2025

2,205,008

⁽¹⁾

Class A Common Stock

2,205,008

D⁽²⁾

Series C Preferred Stock

⁽¹⁾

08/01/2025

72,187

⁽¹⁾

Class A Common Stock

72,187

By KPCB XVII Founders Fund, LLC⁽²⁾

Series D Preferred Stock

⁽¹⁾

08/01/2025

20,964

⁽¹⁾

Class A Common Stock

20,964

D⁽²⁾

Series D Preferred Stock

⁽¹⁾

08/01/2025

686

⁽¹⁾

Class A Common Stock

686

By KPCB XVII Founders Fund, LLC⁽²⁾

Date

Price Target

Rating

Analyst

8/20/2025

$85.00

Overweight

Piper Sandler

Large owner Kleiner Perkins Caufield & Byers Xvii, Llc converted options into 49,215,680 shares and sold $86,855,970 worth of shares (2,756,020 units at $31.52) (SEC Form 4)

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$FIG

Large owner Kleiner Perkins Caufield & Byers Xvii, Llc converted options into 49,215,680 shares and sold $86,855,970 worth of shares (2,756,020 units at $31.52) (SEC Form 4)

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Recent Analyst Ratings for
$FIG

$FIG
Press Releases

Figma to Announce Second Quarter 2025 Financial Results on September 3, 2025

Figma and Motiff Reach Global Settlement in Intellectual Property Protection Lawsuits

$FIG
Insider Purchases

Director Lilly Iii John Osborne bought $2,062,500 worth of shares (62,500 units at $33.00) (SEC Form 4)

Director Mcdermott William R bought $5,280,000 worth of shares (160,000 units at $33.00), increasing direct ownership by 332% to 208,179 units (SEC Form 4)

Director Von Ahn Luis bought $990,000 worth of Class A Common Stcck (30,000 units at $33.00), increasing direct ownership by 62% to 78,179 units (SEC Form 4)

$FIG
Insider Trading