Figma (FIG) legal chief sells 4,817 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. General Counsel and Secretary Brendan Mulligan sold Class A Common Stock in an open-market transaction pursuant to a Rule 10b5-1 trading plan adopted on August 5, 2025. On March 3, 2026, he sold 4,817 shares at a weighted average price of $28.2963 per share.
Following this sale, Mulligan held 830,461 shares of Class A Common Stock. The sale prices ranged from $27.99 to $28.78 per share, based on the weighted average disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,817 shares ($136,303)
Net Sell
1 txn
Insider
Mulligan Brendan
Role
General Counsel and Secretary
Sold
4,817 shs ($136K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,817 | $28.2963 | $136K |
Holdings After Transaction:
Class A Common Stock — 830,461 shares (Direct)
Footnotes (1)
- The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2025. Represents the weighted average sale price. The lowest price at which shares were sold was $27.99 and the highest price at which shares were sold was $28.78. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
FAQ
What insider transaction did Figma (FIG) report for Brendan Mulligan?
Figma reported that General Counsel and Secretary Brendan Mulligan sold 4,817 shares of Class A Common Stock in an open-market transaction. The trade was executed under a Rule 10b5-1 trading plan, indicating it was pre-arranged rather than a discretionary same-day decision.
Was the Figma (FIG) insider sale under a Rule 10b5-1 trading plan?
Yes. The Form 4 states that Brendan Mulligan’s sales were effected under a Rule 10b5-1 trading plan adopted on August 5, 2025. Such plans allow insiders to pre-schedule trades, helping separate personal trading decisions from day-to-day corporate developments.
What does the price range mean in the Figma (FIG) insider sale filing?
The filing discloses that the reported weighted average sale price of $28.2963 reflects multiple trades between $27.99 and $28.78 per share. Figma’s insider undertook to provide detailed share counts at each price level to regulators, the company, or stockholders upon request.