▲ 41 r/figmaStock
Dylan Field gave up $46M worth of class B stock to align with performance expectations of stock and to dispel notions of excessive dilution of stock
Figma CEO Dylan Field voluntarily surrendered a stock grant of 2.4 million Class B shares valued at approximately $46 million (based on the $19.49 Class A closing price on July 1) without receiving any replacement grant or alternative compensation.
The voluntary forfeiture was intended to shore up shareholder sentiment following steep declines in the stock price, which had fallen amid broader market concerns that generative AI tools could disrupt incumbent design software platforms.
Unlike typical executive re-grants or repricing arrangements, Field took a total forfeiture with zero replacement equity, absorbing a direct reduction in his potential holdings.
u/zazibo — 6 days ago