Welcome to the Figma, Inc. 2026 annual meeting of stockholders. Please note that this event is being held via live webcast. I would now like to turn the meeting over to Dylan Field, Chair of the Board of Directors, Chief Executive Officer, and President of Figma.
Welcome and thank you for joining our 2026 annual meeting of stockholders via virtual webcast. I will act as the chair of this annual meeting and now call the meeting to order. I would like to introduce Brendan Mulligan, our General Counsel and Secretary, who will act as Secretary of this annual meeting. At this point, I will turn the meeting over to Brendan. Thank you, Brendan.
Thanks, Dylan, and welcome everyone to our 2026 annual meeting. I'd like to begin with a few introductions. We're joined on this call today by members of our board of directors. Also in attendance are Olivier Gabalt and Claudia Vaz of Ernst & Young, our independent registered public accounting firm, who will be available during the question-and-answer session to respond to appropriate questions. Jen Hitchcock of Fenwick & West, our outside counsel, and Cynthia Skoglund, a representative of American Election Services and the duly appointed Inspector of Elections of our annual meeting. Ms. Skoglund has taken an oath of office promising to faithfully execute the duties of the Inspector of Election. The oath will be filed with the minutes of this annual meeting. After we have voted on all matters subject to a vote, Ms. Skoglund will tabulate the votes and determine the preliminary results of the voting.
I'm advised by the Inspector of Election that the holders of a majority in the voting power of our stock issued and outstanding, entitled to vote at this meeting, are present virtually or represented by proxy here today, and that a quorum is therefore present. Polls are now open for voting. Any stockholder who has not voted or wishes to change their vote may do so by clicking on the vote button on the webcast portal and following the instructions therein. Stockholders who have sent in proxies or previously voted and who do not wish to change their vote do not need to take further action. Their votes will be counted automatically. Following the presentation of the proposals and the Q&A session, the polls will be closed. We will answer the questions regarding the proposals to be voted on at the meeting after all proposals have been presented.
Stockholders are limited to one question each. Though we may not be able to answer every question, we will do our best to respond to as many as possible in the time permitted, which is 10 minutes. This meeting is being recorded. However, no one attending via the webcast is permitted to use any audio recording device. A webcast playback will be available at the same link for this meeting within 24 hours of the meeting. The webcast will be available for approximately one year. Let us now turn to the formal business of this meeting. The proposals to be considered are described in our proxy statement filed with the SEC on April 22nd, 2026, and I will review these in a few minutes. First, I will report on the notice for this meeting.
Our board of directors fixed April 7th, 2026, as the record date for determining the stockholders entitled to vote at this meeting. I present to this meeting an affidavit of Broadridge, attesting that a notice of internet availability of proxy materials was mailed on or about April 22nd, 2026, to all of the company's stockholders of record determined as of the close of business on the record date. The affidavit will be incorporated into the minutes of this meeting. A list of the stockholders entitled to vote at this meeting was provided for inspection during ordinary business hours at Figma's principal executive offices for a 10-day period ending yesterday.
The list of stockholders shows that as of the record date, there were 444,278,887 shares of our Class A common stock and 82,693,978 shares of our Class B common stock outstanding and entitled to vote at this meeting, with each share of Class A common stock entitled to one vote and each share of Class B common stock entitled to 15 votes. As previously mentioned, the Inspector of Election has advised that the holders of a majority in the voting power of our stock issued and outstanding entitled to vote at this meeting are present virtually or represented by proxy here today, and that a quorum is therefore present. We are therefore authorized to transact business at this meeting. I will now present the matters to be voted upon.
The first item of business is the election of eight directors, each to be elected for a one-year term expiring at our 2027 annual meeting of stockholders, and until his or her successor has been duly elected and qualified, subject to his or her earlier death, resignation, disqualification, or removal. The director nominees are Dylan Field, Kelly A. Kramer, John Lilly, William R. McDermott, Andrew Reed, Danny Rimer, Lynn Vojvodich Radakovich, and Luis von Ahn. Each director must be elected by a plurality of the votes cast by the holders of the shares of our common stock present virtually or represented by proxy at this annual meeting and entitled to vote. Our board of directors recommends that you vote for all in the election of these nominees.
As secretary of this annual meeting and on behalf of the Board of Directors, I move for the election of each of the nominated directors, which motion is seconded by proxy. The second item of business is to ratify the appointment of Ernst & Young as our independent registered public accounting firm for the year ending December 31st, 2026. To be approved by our stockholders, proposal two requires the affirmative vote of a majority of the votes cast by the holders of the shares of our common stock present virtually or represented by proxy at this annual meeting and entitled to vote. Our Board of Directors recommends a vote for the ratification of the appointment of Ernst & Young. As secretary of this annual meeting and on behalf of the Board of Directors, I move for the approval of this proposal, which motion is seconded by proxy.
Before the polls close, we will now proceed with a brief question-and-answer session, during which we will address questions from our stockholders attending via webcast. We will not address any questions that are irrelevant to the proposals presented at this meeting. If we do not receive any relevant questions, we will conclude the question-and-answer session. We may make forward-looking statements during the question-and-answer session. Actual results may differ from these statements. We refer you to the documents that Figma files from time to time with the SEC, and in particular to our latest quarterly report on Form 10-Q filed with the SEC on May 14th, 2026. I will now pause to see if we've received any relevant questions. We do not see any questions and will now conclude the question-and-answer session and proceed to vote on the proposals.
We will leave the polls open for approximately 30 seconds to allow anyone who chooses to vote here to cast ballots. Time begins now. Now that everyone has had the opportunity to vote, I declare the polls closed. The preliminary results, based on the voting of shares represented by valid proxies on file and tabulated this morning, show that regarding proposal one, each of the eight director nominees has been reelected as a director. Regarding proposal two, the ratification of the appointment of Ernst & Young as our independent registered public accounting firm for the year ending December 31st, 2026, has been approved. These are the preliminary results of voting. The final voting results will be set forth in the report of the Inspector of Election and will be included in the minutes of this meeting.
The final results will also be reported in a current report on Form 8-K that will be filed with the SEC within four business days of this annual meeting. The annual meeting is now adjourned. Thank you for your participation.
The 2026 Annual Meeting of Stockholders of Figma, Inc. has now concluded. Thank you for attending and have a pleasant day.