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

Figma's General Counsel and Secretary, Brendan Mulligan, reported the sale of 4,817 shares of Class A Common Stock on March 3, 2026, under a pre-arranged trading plan.

Summary

• Brendan Mulligan, General Counsel and Secretary of Figma, Inc. [FIG], reported a sale of company stock.
• The transaction involved the disposition of 4,817 shares of Class A Common Stock.
• The sale occurred on March 3, 2026, at a weighted average price of $28.2963 per share.
• The shares were sold pursuant to a Rule 10b5-1 trading plan adopted on August 5, 2025.
• Following this transaction, Mulligan directly beneficially owns 830,461 shares of Class A Common Stock.
• The sale price range for the shares was from a low of $27.99 to a high of $28.78 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation and personal financial planning, especially when conducted under a pre-arranged 10b5-1 trading plan.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are common practice for executives to diversify holdings and manage liquidity, often pre-scheduled to avoid accusations of trading on material non-public information. This transaction is a routine disclosure for Figma.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, pre-scheduled insider sale of a relatively small number of shares compared to total outstanding shares or the executive's remaining holdings.

Key Dates

Keywords

Figma, FIG, Brendan Mulligan, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Executive Compensation, Corporate Governance