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

Figma's General Counsel, Brendan Mulligan, sold 5,666 shares of Class A Common Stock for a weighted average price of $32.0153 per share as part of a pre-arranged trading plan.

Summary

• Brendan Mulligan, General Counsel and Secretary of Figma, Inc. (FIG), reported a sale of Class A Common Stock.
• The transaction involved the disposition of 5,666 shares.
• The sale occurred on January 15, 2026.
• The shares were sold at a weighted average price of $32.0153 per share.
• The lowest price at which shares were sold was $31.65, and the highest price was $32.41.
• Following this transaction, Brendan Mulligan beneficially owns 863,387 shares of Class A Common Stock.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Brendan Mulligan on August 5, 2025.

Sentiment

Score: 5

Explanation: The transaction is a routine, pre-scheduled insider stock sale under a Rule 10b5-1 plan, which typically does not indicate a significant change in company outlook or performance. It is a neutral event from an investment perspective.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, which demonstrates adherence to insider trading regulations and provides transparency regarding planned transactions.

Negatives

• Insider selling, even when pre-planned, can sometimes be perceived by some investors as a lack of confidence, though the 10b5-1 plan mitigates this interpretation.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may note the insider sale, but its execution under a Rule 10b5-1 plan suggests a pre-determined financial planning event rather than a reaction to new company-specific information.

Key Dates

Recommendation

The filing details a pre-scheduled insider stock sale under a Rule 10b5-1 plan, which is a routine event for executives and does not typically signal a change in company fundamentals or warrant a strong directional investment decision based solely on this disclosure. Therefore, a 'hold' recommendation is appropriate as this event alone does not alter the investment thesis.

Keywords

Figma, FIG, Insider Trading, Form 4, Stock Sale, Brendan Mulligan, 10b5-1 Plan, Class A Common Stock, Corporate Governance