Dylan Field voluntarily forfeited roughly 2.4 million Class B shares, with no replacement grant, as the design software company tries to ease investor concerns about artificial intelligence disruption.
Figma Inc. Chief Executive Officer Dylan Field has voluntarily given up about $46 million in company stock awards in a move aimed at rebuilding investor confidence as concerns grow over disruption from artificial intelligence. A filing submitted on Wednesday said the forfeiture was voluntary and that no replacement award was issued. Field had been set to receive about 2.4 million Class B shares on July 1. Those shares give him greater control over the company and can be converted at any time into Class A shares, which trade on the market. Figma's Class A stock closed at $19.49 on July 1, implying a value of roughly $46 million for the forfeited award.