Figma General Counsel Sells Over 200K Shares for $6.3 Million
Brendan Mulligan, Figma's General Counsel and Secretary, sold approximately 211,599 shares of the company at a total value of $6.3 million under a pre-established Rule 10b5-1 trading plan adopted in May 2026. The transaction was executed over multiple tranches between prices ranging from $28.78 to $30.76, with an average price of $29.79 per share. After the sale, Mulligan retained a direct ownership stake of 727,952 shares valued at around $20.98 million as of August 28, 2026. The stock closed at $28.82 on that date and had delivered a one-year total return of -60%. Despite the insider sale, analysts suggest it may not signal concern for investors since such transactions are often pre-planned to meet liquidity needs rather than reflect company-specific issues. Figma continues to grow its revenue, with first-half 2026 results showing a 47% year-over-year increase in revenue to $704 million.
Tickers: $FIG
Topics: executive activity SEC filings stock sales