Figma director Hamid Amjad reports $86.8 million in stock sales

Director Hamid Mamoon Amjad reported the sale of Figma, Inc. NASDAQ:FIG Class A Common Stock on August 1, 2025. The shares were sold at a price of $31.515, with the total value of the sales reaching $86.8 million. The transaction comes as Figma, currently valued at $43.2 billion, trades near its 52-week low of $79, showing significant volatility in recent months. According to InvestingPro analysis, the stock appears slightly overvalued at current levels, with 14 additional key insights available to subscribers.

The sales involved 2,668,654 shares sold by Kleiner Perkins Caufield & Byers XVII, LLC and 87,366 shares sold by KPCB XVII Founders Fund, LLC.

On the same date, several transactions involved the conversion of preferred stock into Class A Common Stock. These conversions involved various series of preferred stock, including Series Seed, Series A, Series B, Series C, Series D, and Series E, into a total of 50,257,364 shares of Class A Common Stock. The price per share for these conversions was $0.

In other recent news, Figma has announced the pricing of its initial public offering at $33 per share. The design and product development platform plans to begin trading on the New York Stock Exchange under the symbol "FIG." The IPO will include approximately 37 million shares of Class A common stock, with Figma offering 12.47 million shares and existing stockholders selling 24.46 million shares. The offering is anticipated to close on August 1, pending customary closing conditions.

DA Davidson analysts have shown optimism regarding Figma’s public debut, labeling it as "an ideal IPO candidate." They suggest that Figma’s IPO could pave the way for additional software IPOs over the next 12 to 18 months. The analysts also noted that the pricing range points to a fully diluted market capitalization between $14.6 billion and $16.4 billion. These recent developments highlight significant interest and potential in Figma’s market entry.

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