UPLOAD Filing
Figma, Inc.
Date: July 15, 2025 · CIK: 0001579878 · Accession: 0000000000-25-007431
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-288451
Letter
Re: Figma, Inc. Registration Statement on Form S-1 Filed July 1, 2025 File No. 333-288451 Dear Praveer Melwani:
July 15, 2025
Praveer Melwani Chief Financial Officer Figma, Inc. 760 Market Street, Floor 10 San Francisco, CA 94102
We have reviewed your registration statement and have the following comments.
Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments.
Form S-1 filed July 1, 2025 Prospectus Summary, page 2
1. We refer to your graphic presentation of non-GAAP operating margin on page 2 and elsewhere in your filing. Please revise to also present, with equal or greater prominence, the most directly comparable GAAP financial measure. Refer to Item 10(e)(1)(i)(A) of Regulation S-K and Question 102.10(a) of the Division of Corporation Finance s Compliance and Disclosure Interpretations on Non- GAAP Financial Measures. Notes to the Consolidated Financial Statements Note 17. Subsequent Events (Unaudited), page F-51
2. We note your expanded subsequent events disclosures regarding additional RSU grants on May 28, 2025 and June 30, 2025. Please revise to disclose the estimated stock-based compensation expense that will impact your future financial statements. July 15, 2025 Page 2
Refer to ASC 855-10-50-2(b). In addition, please include a full discussion of such grants and related estimated stock-based compensation expense in your discussion of significant impacts of stock-based compensation on page 143. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement.
Please contact Anastasia Kaluzienski at 202-551-3685 or Robert Littlepage at 202- 551-3361 if you have questions regarding comments on the financial statements and related matters. Please contact Uwem Bassey at 202-551-3433 or Larry Spirgel at 202-551-3815 with any other questions.
Sincerely,
Division of
Corporation Finance
Office of Technology
cc: Ran D. Ben-Tzur
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> July 15, 2025 Praveer Melwani Chief Financial Officer Figma, Inc. 760 Market Street, Floor 10 San Francisco, CA 94102 Re: Figma, Inc. Registration Statement on Form S-1 Filed July 1, 2025 File No. 333-288451 Dear Praveer Melwani: We have reviewed your registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Form S-1 filed July 1, 2025 Prospectus Summary, page 2 1. We refer to your graphic presentation of non-GAAP operating margin on page 2 and elsewhere in your filing. Please revise to also present, with equal or greater prominence, the most directly comparable GAAP financial measure. Refer to Item 10(e)(1)(i)(A) of Regulation S-K and Question 102.10(a) of the Division of Corporation Finance s Compliance and Disclosure Interpretations on Non- GAAP Financial Measures. Notes to the Consolidated Financial Statements Note 17. Subsequent Events (Unaudited), page F-51 2. We note your expanded subsequent events disclosures regarding additional RSU grants on May 28, 2025 and June 30, 2025. Please revise to disclose the estimated stock-based compensation expense that will impact your future financial statements. July 15, 2025 Page 2 Refer to ASC 855-10-50-2(b). In addition, please include a full discussion of such grants and related estimated stock-based compensation expense in your discussion of significant impacts of stock-based compensation on page 143. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Anastasia Kaluzienski at 202-551-3685 or Robert Littlepage at 202- 551-3361 if you have questions regarding comments on the financial statements and related matters. Please contact Uwem Bassey at 202-551-3433 or Larry Spirgel at 202-551-3815 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc: Ran D. Ben-Tzur </TEXT> </DOCUMENT>