August 1, 2025 · Form 4 insider transaction
Greylock XIV GP LLC sold 37,099,101 shares of Figma, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 4 days after the transaction.
The Series Seed Preferred Stock, Series A Preferred Stock, Series B 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.; Greylock XIV GP LLC ("Greylock XIV GP") is the sole general partner of each of Greylock XIV Limited Partnership ("Greylock XIV") and Greylock XIV-A Limited Partnership ("Greylock XIV-A") and manager of Greylock XIV Principals LLC ("Greylock XIV Principals") and may be deemed to share voting and dispositive power with respect to the shares held directly by Greylock XIV, Greylock XIV-A and Greylock XIV Principals. Greylock XIV GP disclaims beneficial ownership of the securities held by Greylock XIV, Greylock XIV-A and Greylock XIV Principals, except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission by Greylock XIV GP of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.