Figma (FIG) awards 203,086 RSUs to General Counsel Brendan Mulligan
Rhea-AI Filing Summary
Mulligan Brendan reported acquisition or exercise transactions in this Form 4 filing.
Figma, Inc. reported that its General Counsel and Secretary, Brendan Mulligan, received an award of 203,086 shares of Class A Common Stock in the form of restricted stock units. These RSUs will vest over time under the award’s terms, with each unit delivering one share when it vests. Following this compensation grant, he directly holds 1,028,730 shares of Class A Common Stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 203,086 | $0.00 | -- |
Footnotes (1)
- This includes 203,086 restricted stock units ("RSUs") that vest in accordance with the terms of the award. Each RSU represents a contingent right to receive one share of Class A Common Stock. Certain of these securities are represented by RSUs.
FAQ
What did Figma (FIG) disclose in this Form 4 for Brendan Mulligan?
Figma disclosed that General Counsel and Secretary Brendan Mulligan received 203,086 shares of Class A Common Stock as a restricted stock unit award. The grant is compensation, not an open-market purchase, and increases his direct holdings to 1,028,730 shares after the transaction.
Is the Brendan Mulligan Form 4 transaction for FIG a stock purchase or a grant?
The Form 4 shows a grant, coded “A” for grant, award, or other acquisition. Mulligan did not buy shares in the market; he received 203,086 restricted stock units as equity compensation from Figma, each convertible into one Class A share upon vesting.
What are the terms of the 203,086 RSUs reported for Figma (FIG)?
The filing states that the 203,086 units are restricted stock units that vest in accordance with the terms of the award. Each RSU represents a contingent right to receive one share of Figma’s Class A Common Stock when the vesting conditions specified in the grant are met.
Does the Form 4 for FIG indicate any derivative or option exercises by Brendan Mulligan?
The data show no derivative transactions or option exercises in this filing. The 203,086-share acquisition is entirely in the form of restricted stock units, and the derivative position summary is empty, indicating no new option or similar derivative positions reported in this Form 4.