Form 4: Figma CTO Sells Shares Under 10b5-1 Plan

Figma's Chief Technology Officer, Kris Rasmussen, sold over 177,000 shares of Class A Common Stock on December 3, 2025, through a pre-arranged 10b5-1 trading plan.

Summary

• Kris Rasmussen, Chief Technology Officer of Figma, Inc. (FIG), reported the sale of Class A Common Stock.
• The transactions occurred on December 3, 2025.
• A total of 177,387 shares were sold across three separate transactions.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Rasmussen on August 6, 2025.
• The first transaction involved 66,088 shares sold at a weighted average price of $36.0804, with prices ranging from $35.425 to $36.41.
• The second transaction involved 95,480 shares sold at a weighted average price of $37.026, with prices ranging from $36.42 to $37.41.
• The third transaction involved 15,819 shares sold at a weighted average price of $37.4514, with prices ranging from $37.42 to $37.49.
• Following these transactions, Rasmussen beneficially owns 10,894,245 shares of Class A Common Stock.

Sentiment

Score: 4

Explanation: The sale of a significant number of shares by a key executive, even under a pre-arranged plan, can be interpreted with slight caution by the market, though the 10b5-1 plan mitigates concerns about immediate negative catalysts.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction not based on new material non-public information.

Negatives

• The sale of a significant number of shares by a Chief Technology Officer could be interpreted by the market as a lack of confidence or a move towards diversification away from the company's stock.

Risks

• Market perception of insider selling could lead to negative sentiment or downward pressure on the stock price, even if the sales are pre-planned.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Figma, Inc.'s future performance or outlook.

Industry Context

Insider selling is a routine occurrence in publicly traded companies, often for personal financial planning, diversification, or liquidity. The impact on a company's stock price can vary, with pre-arranged 10b5-1 plans generally viewed less negatively than unscheduled sales, as they suggest a lack of new, material non-public information influencing the decision.

Stakeholder Impact

• Shareholders may interpret the insider sale as a signal, potentially influencing their perception of the company's near-term prospects or the executive's long-term commitment, despite the 10b5-1 plan.

Key Dates

Recommendation

The sale of shares by the Chief Technology Officer, while substantial, was conducted under a pre-arranged Rule 10b5-1 trading plan. This suggests a planned diversification or liquidity event rather than a reaction to new adverse company developments. Investors should monitor future insider activity and company performance, but this single transaction does not fundamentally alter the investment thesis for Figma, warranting a 'hold' recommendation.

Keywords

Figma, FIG, Kris Rasmussen, CTO, Insider Sale, Form 4, 10b5-1 Plan, Stock Transaction, Equity Disposal