Form 4: Figma CTO Sells Shares After Option Exercise
Insider Transaction Report
Figma's Chief Technology Officer, Kris Rasmussen, exercised stock options and subsequently sold a significant number of Class A Common Stock shares under a pre-arranged trading plan.
Summary
- Kris Rasmussen, Figma's Chief Technology Officer, engaged in transactions involving the company's Class A Common Stock.
- On November 10, 2025, Rasmussen exercised stock options to acquire 15,428 shares at an exercise price of $23.193 per share.
- Following the option exercise, Rasmussen sold a total of 304,404 shares of Class A Common Stock across multiple transactions on November 10 and November 12, 2025.
- The sales were executed at weighted average prices ranging from $42.9296 to $45.0287 per share.
- All sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on August 6, 2025.
- Following these transactions, Rasmussen's direct beneficial ownership of Class A Common Stock decreased to 11,089,843 shares.
Sentiment
Score: 5
Explanation: Neutral. While insider selling reduces direct ownership, it was conducted under a pre-arranged 10b5-1 plan, which is a common and expected practice for executives to manage personal finances and diversify holdings. The sales occurred at prices significantly above the exercise price, indicating a profitable transaction for the insider.
Positives
- The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned diversification strategy rather than an immediate reaction to new information.
- The sale prices are significantly higher than the option exercise price of $23.193, indicating a profitable transaction for the insider.
Negatives
- A significant volume of insider selling, even if planned, could be perceived negatively by some investors as it reduces the insider's direct stake in the company.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: May observe a reduction in direct insider ownership, though the pre-planned nature of the sales mitigates concerns about immediate negative sentiment.
Key Dates
| Date | Description |
|---|---|
| August 6, 2025 | Date Rule 10b5-1 trading plan was adopted by Kris Rasmussen. |
| November 10, 2025 | Date of stock option exercise and initial share sales. |
| November 12, 2025 | Date of additional share sales. |
| November 13, 2025 | Signature date of the filing. |
| August 21, 2029 | Expiration date of the stock option, or one year following the Issuer's IPO, whichever is earlier. |
Keywords
Figma, FIG, Kris Rasmussen, CTO, Insider Trading, Form 4, Stock Option Exercise, Share Sale, Rule 10b5-1, Beneficial Ownership
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