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

Figma, Inc. General Counsel and Secretary, Brendan Mulligan, reported the sale of 18,741 shares of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Brendan Mulligan, General Counsel and Secretary of Figma, Inc., reported a transaction on May 19, 2026.
• Mulligan sold 18,741 shares of Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on August 5, 2025.
• The weighted average sale price was $25.0406 per share, with individual sales ranging from $25.00 to $25.21.
• Following the transaction, Mulligan beneficially owns 987,986 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the sale was conducted under a pre-established Rule 10b5-1 plan, which is a common and accepted method for executives to diversify their holdings.

Negatives

• Brendan Mulligan, General Counsel and Secretary, sold 18,741 shares of Class A Common Stock.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings, particularly those involving Rule 10b5-1 plans, are standard disclosures for executives selling shares. The use of a 10b5-1 plan indicates a pre-arranged selling strategy, often used to avoid concerns about insider trading.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive may be perceived negatively, although the use of a 10b5-1 plan mitigates concerns about insider trading. The market's reaction will depend on the overall sentiment towards Figma, Inc.

Key Dates

Keywords

Figma, Inc., Brendan Mulligan, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Class A Common Stock, Beneficial Ownership