Figma CEO Dylan Field voluntarily forfeited approximately $46 million in company stock awards to restore investor confidence. According to a regulatory filing, Field surrendered 2.4 million Class B shares with no replacement compensation issued.
The action targets investor anxiety regarding potential industry disruption from artificial intelligence. Figma’s stock has plummeted roughly 77% from its peak of over $122 per share.
Heavy spending on AI contributed to a significant operating loss in the second quarter, despite strong revenue growth. Field remains the company's largest shareholder with a remaining stake valued at over $2.1 billion.