Figma GC uses shares to cover RSU taxes

Figma, Inc. General Counsel and Secretary Brendan Mulligan reported a routine tax-withholding transaction involving company stock.

Rhea-AI Filing Summary

Figma, Inc. General Counsel and Secretary Brendan Mulligan reported a routine tax-withholding transaction involving company stock. On this Form 4, the issuer withheld 12,020 shares of Class A Common Stock at $17.70 per share to cover tax liabilities tied to the net settlement of restricted stock units.

After this withholding, Mulligan directly holds 1,006,727 shares of Figma Class A Common Stock. The filing describes this as a payment of tax liability by delivering securities, not an open-market sale.

Insider Trade Summary

Exercise Price or Tax Liability: 12,020 shares

Exercise Price or Tax Liability 1 txn

Insider Mulligan Brendan

Role General Counsel and Secretary

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	12,020	$17.70	$213K

Holdings After Transaction: Class A Common Stock — 1,006,727 shares (Direct)

Footnotes (1)

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 Withholding price per share: $17.70 per share Shares held after transaction: 1,006,727 shares +1 more

4 metrics

Shares withheld for taxes 12,020 shares Class A Common Stock withheld to satisfy RSU tax liabilities

Withholding price per share $17.70 per share Value applied to 12,020 withheld shares

Shares held after transaction 1,006,727 shares Direct Class A Common Stock holdings following tax withholding

Tax-withholding share count 12,020 shares Reported in transactionSummary as taxWithholdingShares

Key Terms

restricted stock units, tax withholding liabilities, net settlement, 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.

tax withholding liabilities financial

"withheld by the Issuer to satisfy tax withholding liabilities in connection"

net settlement financial

"in connection with the net settlement of restricted stock units."

Class A Common Stock financial

"The transaction represents the number of shares of Class A Common Stock withheld"

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.

FAQ

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

What insider transaction did Figma (FIG) report for Brendan Mulligan?

Figma’s General Counsel Brendan Mulligan reported a tax-withholding transaction on Class A Common Stock. The issuer withheld shares to satisfy taxes from the net settlement of restricted stock units, a routine compensation-related event rather than an open-market trade.

How many Figma (FIG) shares were withheld and at what price?

The filing shows 12,020 shares of Figma Class A Common Stock were withheld at $17.70 per share. These shares were used to satisfy tax withholding obligations arising from the net settlement of restricted stock units granted as equity compensation.

Why were Brendan Mulligan’s Figma (FIG) shares withheld?

Shares were withheld to cover tax withholding liabilities from the net settlement of restricted stock units. Instead of paying cash for taxes, a portion of the vested RSU shares was retained by Figma, which is a common mechanism in equity compensation programs.

How many Figma (FIG) shares does Brendan Mulligan hold after this Form 4?

After the reported tax-withholding disposition, Brendan Mulligan directly holds 1,006,727 shares of Figma Class A Common Stock. This post-transaction position shows that the withholding affected only a small fraction of his overall direct equity holdings in the company.

Was the Figma (FIG) Form 4 transaction an open-market sale?

No. The Form 4 describes a tax-withholding disposition rather than an open-market sale. Shares of Class A Common Stock were withheld by Figma to satisfy tax obligations tied to restricted stock units, a non-discretionary, compensation-related transaction for the executive.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/05/2026 - 06:32 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mulligan Brendan

(Last) (First) (Middle)

C/O FIGMA, INC.

760 MARKET STREET, FLOOR 10

(Street)

SAN FRANCISCO CALIFORNIA 94102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Figma, Inc. [ FIG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel and Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/01/2026		F(1)		12,020	D	$17.7	1,006,727	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

	/s/ Brendan Mulligan	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)