Figma General Counsel Sells Over 211,000 Shares for $6.3 Million
Brendan Mulligan, Figma's General Counsel and Secretary, sold approximately 211,599 shares of the company in a pre-planned transaction under Rule 10b5-1 on August 28, 2026. The sale generated $6.3 million at an average price of $29.79 per share and reduced his direct holdings to 727,952 shares valued at around $20.98 million as of the same date. The transaction was executed in multiple tranches between $28.78 and $30.76 per share, reflecting a strategic approach for liquidity purposes rather than an immediate reaction to company performance or market conditions. Figma's stock closed at $29.79 on the day of the sale but has seen significant volatility over the past year with a total return decline of 60%. Figma remains a major player in collaborative design software, generating $1.3 billion in trailing twelve-month revenue and maintaining a market capitalization of $14.6 billion as of August 2026.
Tickers: $FIG
Topics: insider sale Rule 10b5-1 plan SEC filing