Form 4: Figma Director Sells Shares After Option Exercise

Figma Director Lynn Vojvodich Radakovich exercised stock options and subsequently sold a portion of her Class A Common Stock, reducing her direct holdings.

Summary

• Lynn Vojvodich Radakovich, a Director of Figma, Inc. [FIG], reported transactions involving Class A Common Stock.
• On December 15, 2025, Radakovich acquired 15,124 shares of Class A Common Stock by exercising stock options at a price of $0.284 per share.
• Concurrently, Radakovich disposed of 9,700 shares of Class A Common Stock at a weighted average price of $34.3359 per share, with prices ranging from $33.96 to $34.95.
• Additionally, 5,424 shares of Class A Common Stock were disposed of at a weighted average price of $35.1755 per share, with prices ranging from $34.97 to $35.80.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted on September 11, 2025.
• Following these transactions, Radakovich directly owns 72,394 shares of Class A Common Stock.
• Radakovich also beneficially owns 556,877 derivative securities (stock options) after the reported exercise.

Sentiment

Score: 5

Explanation: While insider selling can be perceived negatively, the execution under a Rule 10b5-1 plan mitigates concerns about opportunistic timing. The director still retains a significant number of shares and options, indicating continued alignment with company performance.

Positives

• The sales were executed at market prices, with weighted average prices of $34.3359 and $35.1755 per share.
• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned rather than opportunistic sale.

Negatives

• An insider, a Director, sold a total of 15,124 shares of Class A Common Stock, representing a reduction in direct equity holdings.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction report (Form 4) and does not provide information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: May view the insider selling with slight caution, but the context of a Rule 10b5-1 plan reduces the negative signal. The director still holds substantial equity, suggesting ongoing alignment of interests.

Key Dates

Recommendation

This Form 4 reports a routine insider transaction involving an option exercise and subsequent sale under a pre-arranged 10b5-1 plan. Such transactions are common for executives and directors for liquidity or diversification purposes and typically do not signal a fundamental change in the company's outlook. The director retains significant equity, suggesting continued alignment with shareholder interests. Therefore, this filing alone does not warrant a change in investment recommendation.

Keywords

Figma Inc., FIG, insider trading, Form 4, stock options, Rule 10b5-1, director, equity sales, beneficial ownership