# EDGAR Filing Document

**Accession Number:** 0001579878
**File Stem:** 0001628280-26-009231
**Filing Date:** 2026-2
**Character Count:** 30481
**Document Hash:** da373c08128387cee1ab6bdec249905b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-009231.hdr.sgml**: 20260218

**ACCESSION NUMBER**: 0001628280-26-009231

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20260218

**DATE AS OF CHANGE**: 20260218

**EFFECTIVENESS DATE**: 20260218

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Figma, Inc.
- **CENTRAL INDEX KEY:** 0001579878
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 462843087
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-293557
- **FILM NUMBER:** 26650115

**BUSINESS ADDRESS:**
- **STREET 1:** 760 MARKET ST.
- **STREET 2:** FLOOR 5
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94102
- **BUSINESS PHONE:** 415-890-5404

**MAIL ADDRESS:**
- **STREET 1:** 760 MARKET ST.
- **STREET 2:** FLOOR 5
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94102

**As filed with the U.S. Securities and Exchange Commission on February 18, 2026** 

**Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549**

**FORM S-8** 

**REGISTRATION STATEMENT** 

***UNDER THE***

***SECURITIES ACT OF 1933***

**FIGMA, INC.**

**(Exact name of Registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Delaware** | **46-2843087** |
| **(State or other jurisdiction of**<br>**incorporation or organization)** | **(I.R.S. Employer**<br>**Identification Number)** |

---

**760 Market Street, Floor 10** 

**San Francisco, California 94102** 

**(415) 890-5404** 

**(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)** 

**2025 Equity Incentive Plan** 

**2025 Employee Stock Purchase Plan** 

**(Full title of the plans)** 

**Dylan Field**

**Chair of the Board of Directors, Chief Executive Officer, and President** 

**760 Market Street, Floor 10**

**San Francisco, California 94102** 

**(415) 890-5404**

**(Name, address, including zip code, and telephone number, including area code, of agent for service)** 

***Please send copies of all communications to:***

---

| | |
|:---|:---|
| **Michael T. Esquivel**<br>**Ran D. Ben-Tzur**<br>**Jennifer J. Hitchcock**<br>**Aman D. Singh**<br>**Chance L. Goldberg**<br>**Fenwick & West LLP**<br>**Silicon Valley Center**<br>**801 California Street**<br>**Mountain View, California 94041**<br>**(650) 988-8500** | **Brendan Mulligan**<br>**Amanda Westendorf**<br>**Brendan Brown**<br>**Figma, Inc.**<br>**760 Market Street, Floor 10**<br>**San Francisco, California 94102**<br>**(415) 890-5404** |

---

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company", and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
| | | Emerging growth company | ☒ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**REGISTRATION OF ADDITIONAL SHARES<br>PURSUANT TO GENERAL INSTRUCTION E**

Pursuant to General Instruction E of Form S-8, Figma, Inc. (the "***Registrant***") is filing this Registration Statement on Form S-8 (the "***Registration Statement***") with the Securities and Exchange Commission (the "***Commission***") to register (a) 25,652,128 of the Registrant's Class A common stock available for issuance under the Registrant's 2025 Equity Incentive Plan (the "***2025 Plan***") pursuant to the provision of the 2025 Plan providing for an annual automatic increase in the number of shares reserved for issuance under the 2025 Plan on January 1, 2026 and (b) 5,130,425 of the Registrant's Class A common stock available for issuance under the Registrant's 2025 Employee Stock Purchase Plan (the "***ESPP***") pursuant to the provision of the ESPP providing for an annual automatic increase in the number of shares reserved for issuance under the ESPP on January 1, 2026. This Registration Statement hereby incorporates by reference the contents of the Registrant's previous Registration Statement on Form S-8 filed with the Commission on July 31, 2025 (Registration No. 333-289148). In accordance with the instructional note of Part I of Form S-8 as promulgated by the Commission, the information specified by Part I of Form S-8 has been omitted from this Registration Statement.

**PART II** 

**Information Required in the Registration Statement**

**Item 3. <u>Incorporation of Documents by Reference</u>.** 

The following documents filed by the Registrant with the Commission pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the "***Exchange Act***"), are incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Registrant's Annual Report on <u>[Form 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001579878/000162828026009228/fig-20251231.htm)</u> for the fiscal year ended December 31, 2025, filed with the Commission on February 18, 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant's Annual Report referred to in (a) above; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the description of the Registrant's Class A common stock contained in the Registrant's Registration Statement on <u>[Form 8-A](https://www.sec.gov/Archives/edgar/data/1579878/000162828025035559/figma-8xa.htm)</u> (File No. 001-42761) filed with the Commission on July 22, 2025 under Section 12(b) of the Exchange Act, including any amendments or reports filed for the purpose of updating such description, including Exhibit 4.2 to the Registrant's Annual Report on <u>Form 10-K</u> referred to in (a) above.

All reports and documents filed by the Registrant pursuant to Section 13(a), 13(c), 14, or 15(d) of the Exchange Act subsequent to the filing of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of the filing of such reports and documents, except as to specific sections of such reports or documents as set forth therein. Unless expressly incorporated into this Registration Statement, a report deemed to be furnished but not filed on a Current Report on Form 8-K prior or subsequent to the date hereof shall not be incorporated by reference into this Registration Statement. Any statement contained in a report or document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed report or document, which also is deemed to be incorporated by reference herein, modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

------

**Item 5. <u>Interests of Named Experts and Counsel</u>.** 

As of the date of this Registration Statement, individuals and entities associated with Fenwick & West LLP beneficially own an aggregate of 698,348 shares of the Registrant's Class A common stock.

**Item 8. <u>Exhibits</u>.** 

The following exhibits are filed herewith or incorporated by reference:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | **Filed Herewith** |
| **Exhibit Number** |<br>**Exhibit Description** | **Form** | **File No.** | **Exhibit** | **Filing Date** | **Filed Herewith** |
| 4.1 | <u>[Amended and Restated Certificate of Incorporation of Figma, Inc.](https://www.sec.gov/Archives/edgar/data/1579878/000157987825000016/exhibit31-resalesx8.htm)</u> | S-8 | 333-289901 | 3.1 | 8/27/2025 |  |
| 4.2 | <u>[Amended and Restated Bylaws of Figma, Inc.](https://www.sec.gov/Archives/edgar/data/1579878/000157987825000016/exhibit32-resalesx8.htm)</u> | S-8 | 333-289901 | 3.2 | 8/27/2025 |  |
| 4.3 | <u>[Form of Class A Common Stock certificate of Figma, Inc.](https://www.sec.gov/Archives/edgar/data/1579878/000162828025035381/exhibit41-sx1a.htm)</u> | S-1/A | 333-288451 | 4.1 | 7/21/2025 |  |
| 5.1 | <u>[Opinion of Fenwick & West LLP.](a2026s-8xexhibit51.htm)</u> |  |  |  |  | X |
| 23.1 | <u>[Consent of Fenwick & West LLP (included in Exhibit 5.1).](a2026s-8xexhibit51.htm)</u> |  |  |  |  | X |
| 23.2 | <u>[Consent of Ernst & Young LLP, independent registered public accounting firm.](a2026s-8xexhibit232.htm)</u> |  |  |  |  | X |
| 24.1 | <u>[Power of Attorney (included on the signature page of this Registration Statement)](#iff2785559eb643b4ae9e1c22eca2b600_119)[.](#iff2785559eb643b4ae9e1c22eca2b600_119)</u> |  |  |  |  | X |
| 99.1 | <u>[Figma, Inc.](https://www.sec.gov/Archives/edgar/data/1579878/000162828025049683/q32510-qxexhibit102.htm)[202](https://www.sec.gov/Archives/edgar/data/1579878/000162828025049683/q32510-qxexhibit102.htm)[5](https://www.sec.gov/Archives/edgar/data/1579878/000162828025049683/q32510-qxexhibit102.htm)[Equity Incentive](https://www.sec.gov/Archives/edgar/data/1579878/000162828025049683/q32510-qxexhibit102.htm)[Plan](https://www.sec.gov/Archives/edgar/data/1579878/000162828025049683/q32510-qxexhibit102.htm)[and re](https://www.sec.gov/Archives/edgar/data/1579878/000162828025049683/q32510-qxexhibit102.htm)[lated](https://www.sec.gov/Archives/edgar/data/1579878/000162828025049683/q32510-qxexhibit102.htm)[form agreements.](https://www.sec.gov/Archives/edgar/data/1579878/000162828025049683/q32510-qxexhibit102.htm)</u> | 10-Q | 001-42761 | 10.2 | 11/05/2025 |  |
| 99.2 | <u>[Figma, Inc.](https://www.sec.gov/Archives/edgar/data/1579878/000162828025033742/exhibit105-sx1.htm)[202](https://www.sec.gov/Archives/edgar/data/1579878/000162828025033742/exhibit105-sx1.htm)[5](https://www.sec.gov/Archives/edgar/data/1579878/000162828025033742/exhibit105-sx1.htm)[Employee Stock Purchase Plan](https://www.sec.gov/Archives/edgar/data/1579878/000162828025033742/exhibit105-sx1.htm)[and](https://www.sec.gov/Archives/edgar/data/1579878/000162828025033742/exhibit105-sx1.htm)[rel](https://www.sec.gov/Archives/edgar/data/1579878/000162828025033742/exhibit105-sx1.htm)[ated form](https://www.sec.gov/Archives/edgar/data/1579878/000162828025033742/exhibit105-sx1.htm)[agr](https://www.sec.gov/Archives/edgar/data/1579878/000162828025033742/exhibit105-sx1.htm)[eements.](https://www.sec.gov/Archives/edgar/data/1579878/000162828025033742/exhibit105-sx1.htm)</u> | S-1 | 333-288451 | 10.5 | 7/01/2025 |  |
| 107.1 | <u>[Filing Fee Table](ex107filingfees.htm)[.](ex107filingfees.htm)</u> |  |  |  |  | X |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, on this 18 day of February, 2026.

---

| | |
|:---|:---|
| **FIGMA, INC.** | **FIGMA, INC.** |
| By: | /s/ Dylan Field |
|  | Dylan Field |
|  | Chief Executive Officer and President |

---

------

**POWER OF ATTORNEY**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Dylan Field and Praveer Melwani, and each of them, as his or her true and lawful attorney-in-fact and agent with the full power of substitution, for him or her in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or his or her substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons on behalf of the Registrant in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Signature** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Title** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Date** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Dylan Field | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chair of the Board of Directors, Chief Executive Officer, and President<br>(Principal Executive Officer) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dylan Field | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chair of the Board of Directors, Chief Executive Officer, and President<br>(Principal Executive Officer) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Praveer Melwani | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer and Treasurer<br>(Principal Financial Officer) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Praveer Melwani | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer and Treasurer<br>(Principal Financial Officer) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Tyler Herb | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting Officer <br>(Principal Accounting Officer) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyler Herb | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting Officer <br>(Principal Accounting Officer) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Mamoon Hamid | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mamoon Hamid | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Kelly A. Kramer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kelly A. Kramer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Michel Krieger | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michel Krieger | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ John Lilly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John Lilly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ William R. McDermott | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;William R. McDermott | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Andrew Reed | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Andrew Reed | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Danny Rimer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danny Rimer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Lynn Vojvodich Radakovich | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lynn Vojvodich Radakovich | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Luis von Ahn | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Luis von Ahn | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 18, 2026 |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Figma, Inc.**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proposed Maximum Offering Price Per Unit**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| 1 | Equity | Class A common stock, $0.00001 par value per share | Other | 25652128 | $21.99 | $564090294.72 | 0.0001381 | $77900.87 |
| 2 | Equity | Class A common stock, $0.00001 par value per share | Other | 5130425 | $18.70 | $95938947.50 | 0.0001381 | $13249.17 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $660029242.22  |  | $91150.04  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $91150.04  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> a. Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional shares of Class A common stock of Figma, Inc. (the "Registrant") that become issuable in respect of the securities identified in the above table by reason of any stock dividend, stock split, recapitalization, or other similar transaction effected without the Registrant's receipt of consideration which results in an increase in the number of the outstanding shares of the Registrant's Class A common stock. b. Represents 25,652,128 additional shares of the Registrant's Class A common stock available for issuance under the Registrant's 2025 Equity Incentive Plan ("2025 Plan") pursuant to the provision of the 2025 Plan providing for an annual automatic increase in the number of shares reserved for issuance under the 2025 Plan. c. Estimated pursuant to Rules 457(c) and (h) of the Securities Act, solely for the purpose of calculating the registration fee for the additional shares to be reserved under the 2025 Plan, on the basis of the average of the high and low prices of the Registrant's Class A common stock as reported on the New York Stock Exchange ("NYSE") on February 12, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>2</sup> See Note 1.a. above. a. Represents 5,130,425 additional shares of the Registrant's Class A common stock available for issuance under the Registrant's 2025 Employee Stock Purchase Plan (the "ESPP") pursuant to the provision of the ESPP providing for an annual automatic increase in the number of shares reserved for issuance under the ESPP. b. Estimated pursuant to Rules 457(c) and (h) of the Securities Act, solely for the purpose of calculating the registration fee for the additional shares to be reserved under the ESPP, on the basis of the average of the high and low prices of the Registrant's Class A common stock as reported on NYSE on February 12, 2026. Under the ESPP, the purchase price of a share of Class A common stock is equal to 85% of the fair market value of the Registrant's Class A common stock on the offering date or the purchase date, whichever is less.

---

| | |
|:---|:---|
| | |
| **Rule 457(p)** | **Rule 457(p)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |

---

## Exhibit 5.1

**Exhibit 5.1**

![image_0.jpg](image_0.jpg)<br>

February 18, 2026

Figma, Inc.

760 Market Street, Floor 10

San Francisco, California 94102

Re: Registration Statement on Form S-8

Ladies and Gentlemen:

As counsel to Figma, Inc., a Delaware corporation (the "***Company***"), we have examined the Registration Statement on Form S-8 (the "***Registration Statement***") to be filed by the Company with the Securities and Exchange Commission (the "***Commission***") on or about February 18, 2026 in connection with the registration under the Securities Act of 1933, as amended (the "***Securities Act***"), of an aggregate of 30,782,553 shares (the "***Shares***") of the Company's Class A Common Stock, $0.00001 par value per share (the "***Class A Common Stock***"), that consists of (a) 25,652,128 additional Shares that are subject to issuance by the Company upon the exercise or settlement of awards granted or to be granted under the Company's 2025 Equity Incentive Plan (the "***2025 Plan***") pursuant to the provision of the 2025 Plan providing for an annual 5% automatic increase in the number of shares reserved for issuance thereunder and (b) 5,130,425 additional Shares that are subject to issuance by the Company pursuant to purchase rights to acquire shares of Class A Common Stock granted or to be granted under the Company's 2025 Employee Stock Purchase Plan (the "***ESPP***") pursuant to the provision of the ESPP providing for an annual 1% automatic increase in the number of shares reserved for issuance thereunder. The 2025 Plan and the ESPP are each individually referred to herein as a "***Plan***" and collectively referred to in this letter as the "***Plans***".

As to matters of fact relevant to the opinions rendered herein, we have examined such documents, certificates and other instruments which we have deemed necessary or advisable, including a certificate addressed to us and dated the date hereof executed by the Company. We have not undertaken any independent investigation to verify the accuracy of any such information, representations or warranties or to determine the existence or absence of any fact, and no inference as to our knowledge of the existence or absence of any fact should be drawn from our representation of the Company or the rendering of the opinion set forth below. We have not considered parol evidence in connection with any of the agreements or instruments reviewed by us in connection with this letter.

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Figma, Inc.

February 18, 2026

In our examination of documents for purposes of this letter, we have assumed, and express no opinion as to, the genuineness and authenticity of all signatures on original documents, the authenticity and completeness of all documents submitted to us as originals, that each document is what it purports to be, the conformity to originals of all documents submitted to us as copies or facsimile copies, the absence of any termination, modification or waiver of or amendment to any document reviewed by us (other than as has been disclosed to us), the legal competence or capacity of all persons or entities (other than the Company) executing the same and (other than the Company) the due authorization, execution and delivery of all documents by each party thereto. We have also assumed the conformity of the documents filed with the Commission via the Electronic Data Gathering, Analysis and Retrieval System ("***EDGAR***"), except for required EDGAR formatting changes, to physical copies submitted for our examination.

The opinions in this letter are limited to the existing General Corporation Law of the State of Delaware now in effect. We express no opinion with respect to any other laws.

Based upon, and subject to, the foregoing, it is our opinion that the Shares, when issued and sold by the Company in accordance with the terms (including, without limitation, payment and authorization provisions) of the applicable Plan and the applicable form of award agreement thereunder, against the Company's receipt of payment therefor (in an amount and type of consideration not less than the par value per Share), and duly registered on the books of the transfer agent and registrar for the Shares in the name or on behalf of the holders thereof, will be validly issued, fully paid and non-assessable.

We consent to the use of this opinion as an exhibit to the Registration Statement and further consent to all references to us, if any, in the Registration Statement, the prospectuses constituting a part thereof and any amendments thereto. We do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

This opinion is intended solely for your use in connection with the issuance and sale of the Shares subject to the Registration Statement and is not to be relied upon for any other purpose. In providing this letter, we are opining only as to the specific legal issues expressly set forth above, and no opinion shall be inferred as to any other matter or matters. This opinion is rendered on, and speaks only as of, the date of this letter first written above, and does not address any potential change in facts or law that may occur after the date of this opinion letter. We assume no obligation to advise you of any fact, circumstance, event or change in the law or the facts that may hereafter be brought to our attention, whether or not such occurrence would affect or modify any of the opinions expressed herein.

Very truly yours,

<u>/s/ Fenwick & West LLP</u>

FENWICK & WEST LLP

## Exhibit 23.2

**Exhibit 23.2**

**Consent of Independent Registered Public Accounting Firm**

We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2025 Equity Incentive Plan and 2025 Employee Stock Purchase Plan of Figma, Inc. of our report dated February 18, 2026, with respect to the consolidated financial statements of Figma, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2025, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

San Jose, California

February 18, 2026

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