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

Figma, Inc. Chief Technology Officer Kris Rasmussen reported the sale of 327,046 shares of Class A Common Stock for an aggregate of approximately $8.2 million, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Kris Rasmussen, Chief Technology Officer at Figma, Inc., reported a transaction involving the sale of 327,046 shares of Class A Common Stock.
• The sale occurred on May 19, 2026, with a weighted average sale price of $25.0714 per share.
• The total value of the transaction was approximately $8.2 million.
• These sales were conducted under a Rule 10b5-1 trading plan adopted by Rasmussen on August 6, 2025, which is designed to comply with affirmative defense conditions for insider trading.
• Following these transactions, Rasmussen beneficially owns 9,771,529 shares of Class A Common Stock.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the significant sale by a key executive, despite the use of a 10b5-1 plan. While the plan provides a legal framework, large sell-offs can still signal a lack of confidence or a need for liquidity.

Positives

• The sale was executed under a Rule 10b5-1 trading plan, indicating pre-planned and potentially non-insider-trading-related activity.
• The reporting person retains a significant beneficial ownership of 9,771,529 shares after the sale.

Negatives

• A significant number of shares (327,046) were sold by a key executive.
• The sale represents a substantial cash-out for the reporting person, amounting to approximately $8.2 million.

Risks

• Potential for negative market perception due to a large sale by a top executive, even if conducted under a 10b5-1 plan.
• The specific prices ranged from $25.00 to $25.28, indicating a slight downward trend within the sale period.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on a past transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings reporting sales by executives are common, especially when conducted under Rule 10b5-1 plans, which are designed to provide a defense against insider trading allegations by establishing a predetermined trading schedule. The scale of this sale by a CTO could be interpreted in various ways by the market, depending on the company's overall performance and the executive's prior holdings.

Stakeholder Impact

• Shareholders: May perceive the sale as a negative signal, potentially impacting share price, although the 10b5-1 plan mitigates insider trading concerns.
• Employees: May be influenced by the executive's stock sale, potentially affecting morale or their own investment decisions.
• Management: Sets a precedent for how executives manage their personal holdings.

Next Steps

• Monitor future Form 4 filings from Kris Rasmussen and other Figma executives for any further transactions.
• Observe the market's reaction to this sale and its potential impact on Figma's stock price.

Key Dates

Recommendation

The filing reports a significant stock sale by a key executive under a pre-established 10b5-1 plan. While the plan mitigates insider trading concerns, the sheer volume of shares sold warrants caution. Without further context on the company's performance or the executive's personal financial needs, a 'hold' recommendation is prudent, allowing investors to observe market reaction and future company disclosures.

Keywords

Figma, Inc., Kris Rasmussen, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Class A Common Stock, Beneficial Ownership, SEC Filing