Figma, Inc. (FIG) general counsel has 12,020 shares withheld for taxes
Rhea-AI Filing Summary
Figma, Inc. officer Brendan Mulligan, General Counsel and Secretary, reported a code F transaction in which 12,020 shares of Class A Common Stock were withheld on August 1, 2026 to satisfy tax withholding liabilities from net settlement of restricted stock units at $24.32 per share. After this tax-withholding disposition, he directly holds 939,551 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,020 shares
Net Sell
1 txn
Insider
Mulligan Brendan
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 12,020 | $24.32 | $292K |
Holdings After Transaction:
Class A Common Stock — 939,551 shares (Direct)
Footnotes (1)
- F1. The transaction represents the number of shares of Class A Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
Key Figures
Shares withheld for taxes: 12,020 shares
Per-share tax value: $24.32 per share
Shares owned after transaction: 939,551 shares
3 metrics
Shares withheld for taxes
12,020 shares
Code F tax-withholding disposition of Class A Common Stock on August 1, 2026
Per-share tax value
$24.32 per share
Value applied to the 12,020 withheld shares in the tax-withholding transaction
Shares owned after transaction
939,551 shares
Direct Class A Common Stock holdings by Brendan Mulligan following the tax-withholding disposition
Key Terms
restricted stock units, net settlement, tax withholding liabilities, Class A Common Stock
4 terms
restricted stock units financial
"in connection with the net settlement of 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.
net settlement financial
"in connection with the net settlement of restricted stock units."
tax withholding liabilities financial
"withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement"
Class A Common Stock financial
"The transaction represents the number of shares of Class A Common Stock withheld by the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Figma (FIG) report for Brendan Mulligan?
Figma reported that General Counsel Brendan Mulligan had 12,020 shares of Class A Common Stock withheld on August 1, 2026 to cover tax liabilities from net settlement of restricted stock units at $24.32 per share, leaving him with 939,551 shares directly held.
Was the Figma (FIG) insider transaction an open-market sale?
No. The code F entry and footnote state that 12,020 shares of Class A Common Stock were withheld by the issuer to satisfy tax withholding liabilities related to net settlement of restricted stock units, rather than being sold in an open-market transaction.
What does transaction code F mean in Figma’s (FIG) insider report?
In this report, transaction code F reflects payment of tax liability by delivering or withholding securities. Figma’s footnote explains that 12,020 shares were withheld to satisfy tax withholding liabilities tied to the net settlement of Brendan Mulligan’s restricted stock units.