Brendan Mulligan, the General Counsel and Secretary at Figma, Inc., recently sold 11,599 shares of Class A common stock on November 3, 2026. This transaction is significant as it reflects Mulligan's financial strategy and confidence in the company’s future.

Figma, Inc., a company incorporated in Delaware, operates in the software services industry, specifically in prepackaged software. The company’s CIK is 0001579878, and it trades under the ticker symbol FIG. Figma has been making strides in the competitive software market, offering innovative design tools that cater to a wide range of users.

According to the SEC filing, the transaction was executed under a Rule 10b5-1 trading plan adopted by Mulligan on May 29, 2026. The shares were sold at a weighted average price of $21.2975, with the lowest sale price being $20.91 and the highest at $21.79. Following this sale, Mulligan retains ownership of 555,656 shares of Figma.

This insider transaction may affect stakeholders, including Figma’s investors and employees, as it provides insight into the confidence of its leadership. Such transactions can influence market perception and investor sentiment, especially in the tech industry where insider trading activity is closely monitored.

The filing does not say what happens next.

Details of the Transaction

The SEC filing indicates that the transaction was executed as part of a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling shares to avoid any potential accusations of insider trading. This plan was adopted by Mulligan on May 29, 2026, suggesting a strategic approach to managing his stock holdings.

Additionally, the filing specifies that the sale involved 11,599 shares of Class A common stock, with a weighted average sale price of $21.2975. The transaction also noted a range of sale prices, with the lowest being $20.91 and the highest at $21.79, providing a clear picture of the market conditions at the time of the sale.

Company Information

Figma, Inc. is registered under the Central Index Key (CIK) number 0001579878 and operates within the prepackaged software sector, classified under the Standard Industrial Classification (SIC) code 7372. The company is incorporated in Delaware and has a fiscal year that ends on December 31. Its business address is also located at 760 Market Street, Floor 5, San Francisco, CA 94102.

The filing does not include any information regarding future plans for stock transactions by Mulligan or insights into the company's upcoming projects or financial forecasts.