Reed Andrew Phillips sold FIG
August 1, 2025 · Form 4 insider transaction
Reed Andrew Phillips sold 414,182 shares of Figma, Inc. at $31.52 per share, a transaction worth $13.05M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
The reported purchase and sale transactions represent sales by the specified funds as selling stockholders in the Issuer's initial public offering and a purchase by Sequoia Capital US/E Expansion Fund I, L.P. of shares of common stock from the underwriters in the issuer's initial public offering.; The Reporting Person is a member of Sequoia Grove II, LLC and a limited partner of Sequoia Grove UK, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.