Figma (FIG) General Counsel Mulligan sells 18,741 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. General Counsel and Secretary Brendan Mulligan reported an open-market sale of Class A Common Stock. He sold 18,741 shares on May 19, 2026 at a weighted average price of $25.0406 per share, under a pre-arranged Rule 10b5-1 trading plan adopted on August 5, 2025. Following this transaction, he directly holds 987,986 shares of Figma Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 18,741 shares ($469,286)
Net Sell
1 txn
Insider
Mulligan Brendan
Role
General Counsel and Secretary
Sold
18,741 shs ($469K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 18,741 | $25.0406 | $469K |
Holdings After Transaction:
Class A Common Stock — 987,986 shares (Direct, null)
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 $25.00 and the highest price at which shares were sold was $25.21. 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.
Key Figures
Shares sold: 18,741 shares
Average sale price: $25.0406 per share
Price range: $25.00–$25.21 per share
+1 more
4 metrics
Shares sold
18,741 shares
Open-market sale on May 19, 2026
Average sale price
$25.0406 per share
Weighted average sale price for the May 19, 2026 trades
Price range
$25.00–$25.21 per share
Lowest and highest prices within the reported sale range
Shares held after transaction
987,986 shares
Direct ownership after the May 19, 2026 sale
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Class A Common Stock, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"Represents the weighted average sale price. The lowest price at which shares were sold was $25.00"
Class A Common Stock financial
"security_title": "Class A Common Stock""
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Figma (FIG) disclose for Brendan Mulligan?
Figma disclosed that General Counsel and Secretary Brendan Mulligan sold 18,741 shares of Class A Common Stock. The open-market sale occurred on May 19, 2026, and was executed under a pre-arranged Rule 10b5-1 trading plan.
Was Brendan Mulligan’s Figma (FIG) stock sale under a Rule 10b5-1 plan?
Yes. The Form 4 footnotes state the sales were effected under a Rule 10b5-1 trading plan adopted by Brendan Mulligan on August 5, 2025. Such plans schedule trades in advance to standardize insider transactions.
What role does Brendan Mulligan hold at Figma (FIG)?
Brendan Mulligan serves as Figma’s General Counsel and Secretary. His Form 4 filing reports his personal open-market sale of 18,741 Class A Common shares and his remaining direct ownership of 987,986 shares.