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

Figma's General Counsel, Brendan Mulligan, sold 4,299 shares of Class A Common Stock for approximately $160,330 under a pre-arranged 10b5-1 trading plan.

Summary

• Brendan Mulligan, General Counsel and Secretary of Figma, Inc., reported the sale of 4,299 shares of Class A Common Stock on November 17, 2025.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted on August 5, 2025.
• The shares were sold in two separate transactions: 3,099 shares at a weighted average price of $37.0923 per share, and 1,200 shares at a weighted average price of $37.8167 per share.
• The total proceeds from these sales amounted to approximately $160,330.23.
• Following these transactions, Brendan Mulligan beneficially owns 899,639 shares of Figma Class A Common Stock.
• The reported beneficial ownership includes 757 shares acquired on November 14, 2025, through the Issuer's employee stock purchase plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 trading plan, which is generally considered a neutral event as it indicates planned diversification or liquidity rather than a reaction to new material information.

Positives

• Sales were conducted under a Rule 10b5-1 trading plan adopted on August 5, 2025, indicating pre-planned transactions and adherence to insider trading regulations.

Negatives

• Brendan Mulligan, General Counsel and Secretary, disposed of a total of 4,299 shares of Class A Common Stock, reducing his direct equity stake.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal direct impact on shareholders as the transaction is a pre-planned insider sale under a 10b5-1 plan, which is a routine event for executives.

Key Dates

Keywords

Figma, FIG, insider trading, Form 4, stock sale, 10b5-1 plan, Brendan Mulligan, equity disposition