Figma counsel sells 211K shares in 10b5-1 plan
Figma, Inc. (FIG) reported that its General Counsel and Secretary, Brendan Mulligan, sold a total of 211,599 shares of Class A Common Stock on August 28, 2026 in open-market or private transactions.
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Form Type
4
Rhea-AI Filing Summary
Figma, Inc. (FIG) reported that its General Counsel and Secretary, Brendan Mulligan, sold a total of 211,599 shares of Class A Common Stock on August 28, 2026 in open-market or private transactions. The sales were effected under a Rule 10b5-1 trading plan adopted on May 29, 2026, at weighted average prices around $29–$31 per share, with detailed price ranges disclosed in the footnotes.
Insider Trade Summary 10b5-1
Net Seller: 211,599 shares
Net Sell
3 txns
Insider
Mulligan Brendan
Role
General Counsel and Secretary
Sold
211,599 shs ($6.30M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 80,699 | $29.2138 | $2.36M |
| Sale | Class A Common Stock F1, F3 | 130,800 | $30.1499 | $3.94M |
| Sale | Class A Common Stock F1 | 100 | $30.89 | $3K |
Holdings After Transaction:
Class A Common Stock — 727,952 shares (Direct)
Footnotes (3)
- F1. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 29, 2026.
- F2. Represents the weighted average sale price. The lowest price at which shares were sold was $28.78 and the highest price at which shares were sold was $29.77. 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.
- F3. Represents the weighted average sale price. The lowest price at which shares were sold was $29.78 and the highest price at which shares were sold was $30.76. 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 (block 1): 80,699 shares
Shares sold (block 2): 130,800 shares
Shares sold (block 3): 100 shares
+3 more
6 metrics
Shares sold (block 1)
80,699 shares
Class A Common Stock sale on August 28, 2026 at $29.2138 weighted average price
Shares sold (block 2)
130,800 shares
Class A Common Stock sale on August 28, 2026 at $30.1499 weighted average price
Shares sold (block 3)
100 shares
Class A Common Stock sale on August 28, 2026 at $30.89 price
Total shares sold
211,599 shares
Aggregate of three Class A Common Stock sales on August 28, 2026
Price range for block 1
$28.78–$29.77 per share
Footnote F2 weighted average sale price range
Price range for block 2
$29.78–$30.76 per share
Footnote F3 weighted average sale price range
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Class A Common Stock, non-derivative, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this line item were effected pursuant to a Rule 10b5-1"
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"
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.
non-derivative financial
"transaction_type": "non-derivative""
direct or indirect financial
"direct_or_indirect": "D""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Figma, Inc. (FIG) disclose for Brendan Mulligan?
Figma disclosed that General Counsel and Secretary Brendan Mulligan sold a total of 211,599 shares of Class A Common Stock on August 28, 2026 in open-market or private transactions, as reported on a Form 4.
Were Brendan Mulligan’s Figma (FIG) stock sales under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Brendan Mulligan on May 29, 2026, and the Form 4’s Rule 10b5-1 checkbox is marked true.
Does the Form 4 show Brendan Mulligan’s remaining Figma (FIG) holdings?
The transaction rows list the shares sold but do not report a total shares following transaction value, so remaining holdings are not specified in this Form 4 data.
What type of security did Brendan Mulligan trade in Figma (FIG)?
All reported transactions involved Class A Common Stock of Figma, Inc., categorized as non-derivative securities, with ownership reported as direct.
AI-generated analysis. How Rhea-AI works. Not financial advice.
