FIG: Sequoia Capital buys 8 million shares in February
u/mrmrmrj ·
Reddit — r/ValueInvesting
· March 11, 2026 at 13:54
· ⬆ 19 pts
· 💬 14 comments
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Summary
The author highlights a recent Form 4 filing showing that Sequoia Capital, a key early VC investor in Figma (FIG), purchased 8 million shares in the open market.
The author argues that this is highly unusual behavior for Sequoia post-IPO, signaling immense conviction, which prompted the author to buy 10,000 shares.
Quality assessment: Speculation based on insider/institutional buying data (Form 4 tracking).
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I have never owned much software other then the MSFT I bought in 2014 when Ballmer was fired which I still hold today.
Sequoia was a key VC investor in Figma. Never sold a share after the IPO. According to a new Form 4 filing, Sequoia bought 8 million shares, increasing its position to 34 million shares.
It is very unusual for Sequoia to buy shares in the open market. It filed Form 4 because it has board representation so it is considered an insider.
Take this as you will but I bought 10,000 shares on seeing the filing.
Sequoia Capital filed a Form 4 showing an open-market purchase of 8 million shares of FIG, bringing their total to 34 million. It is extremely rare for a venture capital firm to buy shares in the open market post-IPO, indicating massive insider conviction in the company's future valuation. Following the "smart money" of a board-represented insider provides a strong bullish signal to buy the stock. Sequoia's purchase could be driven by strategic board control motives rather than pure valuation; general software sector volatility.