Dylan Field Reports 15% Stake in Figma, Inc. and Updates Diversification Plans

Dylan Field, co-founder and CEO of Figma, Inc., filed Amendment No. 2 to his Schedule 13D on June 11, 2026, reporting a beneficial ownership of 78,923,217 shares, representing 15.0% of the Class A Common Stock. The filing details several structural changes in holdings, including the Wu-Wallace Family Trust converting 4,400,000 shares of Class B Common Stock into Class A to facilitate a charitable gift, which reduced the number of shares over which Mr. Field exercises voting discretion via the Wallace Proxy. Additionally, the Field 2024 GRAT Remainder Trust converted and sold 174,430 shares on May 29, 2026, at an average price of $25.0244 under a pre-existing diversification plan. Mr. Field also established a new 2026 Field Diversification Plan (Rule 10b5-1) on March 1, 2026, allowing for the future sale of up to 1,000,000 shares, and updated his tax withholding instructions. His total beneficial ownership includes direct holdings, shares held by associated investment entities, and shares underlying RSUs vesting within 60 days.