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Figma officer proposes $442K sale of 20,701 shares

The shares listed for sale include 9,105 shares associated with restricted stock units and 11,596 associated with previously exercised options.

(Neutral)

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Form Type
144

Rhea-AI Filing Summary

Figma, Inc. (FIG) officer Brendan Mulligan reported a proposed sale of 20,701 common shares, with an aggregate market value of $442,173.36 and an approximate sale date of October 5, 2026. Morgan Stanley Smith Barney LLC is named as broker. The listed shares include 9,105 shares associated with restricted stock units and 11,596 shares associated with previously exercised options. The notice also lists five sales under 10b5-1 during the preceding three months.

Common shares proposed for sale 20,701 shares Approximate sale date October 5, 2026
Aggregate market value $442,173.36 Proposed sale
Shares associated with restricted stock units 9,105 shares Listed among securities to be sold
Shares associated with previously exercised options 11,596 shares Listed among securities to be sold
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Units financial
"Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Previously Exercised Options financial
"Previously Exercised Options"
10b5-1 Sales regulatory
"10b5-1 Sales for Brendan Mulligan"
10b5-1 sales are pre-arranged stock-trading plans that let company insiders automatically buy or sell shares according to a fixed schedule or formula, even if they later learn confidential information. Think of it as setting up an automatic thermostat for trades: it creates a clear, documented path that can protect insiders from insider-trading accusations and gives investors a signal about predictable insider activity—though it can also simply be a way for insiders to diversify or raise cash.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FIG shares does Brendan Mulligan plan to sell?

Brendan Mulligan reported a proposed sale of 20,701 Figma common shares, with an aggregate market value of $442,173.36 and an approximate sale date of October 5, 2026. Morgan Stanley Smith Barney LLC is named as broker.

What securities make up Brendan Mulligan's proposed FIG sale?

The shares listed for sale include 9,105 shares associated with restricted stock units and 11,596 shares associated with previously exercised options.

What recent 10b5-1 sales does Brendan Mulligan's FIG notice list?

The notice lists sales of 64,106 shares for $1,665,419.69 and 45,000 shares for $1,169,109.00 on September 3, 2026; 11,599 shares for $341,592.87 and 200,000 shares for $5,962,630.00 on August 28, 2026; and 18,213 shares for $455,385.10 on July 29, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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