Figma (FIG) general counsel sells 4,817 shares under 10b5-1 plan
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 4,817 shares of Class A Common Stock at $26.30 per share. After this trade, he directly holds 825,644 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 5, 2025, indicating it was scheduled in advance as part of routine portfolio management.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,817 shares ($126,687)
Net Sell
1 txn
Insider
Mulligan Brendan
Role
General Counsel and Secretary
Sold
4,817 shs ($127K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,817 | $26.30 | $127K |
Holdings After Transaction:
Class A Common Stock — 825,644 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Figma (FIG) report for Brendan Mulligan?
Figma reported that General Counsel and Secretary Brendan Mulligan sold 4,817 shares of Class A Common Stock. The shares were sold in an open-market transaction at $26.30 per share and were executed under a pre-arranged Rule 10b5-1 trading plan.
Was the Figma (FIG) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Brendan Mulligan on August 5, 2025. Such plans pre-schedule trades, making the timing more routine and less indicative of short-term views on the stock.
What role does Brendan Mulligan hold at Figma (FIG)?
Brendan Mulligan serves as Figma’s General Counsel and Secretary. His position makes him a senior executive with access to company information, so his equity transactions are reported on Form 4 to provide transparency around his ownership changes in Figma stock.
Is the recent Figma (FIG) insider sale large relative to Brendan Mulligan’s holdings?
The sale of 4,817 shares is small compared with his remaining 825,644 shares. This indicates the transaction represents only a minor portion of his overall stake, consistent with routine diversification or liquidity rather than a major change in his investment position.