Figma counsel has 9,435 shares withheld for taxes
Figma’s General Counsel had shares withheld to cover RSU tax obligations, leaving a sizable remaining direct stake.
Rhea-AI Filing Summary
Figma, Inc. (FIG) reported that officer Brendan Mulligan, General Counsel and Secretary, had 9,435 shares of Class A Common Stock withheld on September 1, 2026 to satisfy tax withholding liabilities upon the net settlement of restricted stock units. After this tax-withholding disposition, he directly holds 718,517 shares of Class A Common Stock.
Positive
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Insider Trade Summary
Tax Withholding: 9,435 shares
Tax Withholding
1 txn
Insider
Mulligan Brendan
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 9,435 | $27.49 | $259K |
Holdings After Transaction:
Class A Common Stock — 718,517 shares (Direct)
Footnotes (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: 9,435 shares
Tax-withholding price: $27.49 per share
Shares held after transaction: 718,517 shares
3 metrics
Shares withheld for taxes
9,435 shares
Class A Common Stock withheld on September 1, 2026 for RSU tax liabilities
Tax-withholding price
$27.49 per share
Value used for the 9,435 withheld shares in the tax-withholding disposition
Shares held after transaction
718,517 shares
Direct holdings of Brendan Mulligan in Figma Class A Common Stock following the transaction
Key Terms
restricted stock units, net settlement, tax withholding liabilities, withheld by the Issuer
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.
net settlement financial
"in connection with the net settlement of restricted stock units"
tax withholding liabilities financial
"withheld by the Issuer to satisfy tax withholding liabilities"
withheld by the Issuer financial
"shares of Class A Common Stock withheld by the Issuer"
FAQ
What insider transaction did Figma (FIG) report for Brendan Mulligan?
Figma reported that General Counsel and Secretary Brendan Mulligan had 9,435 shares of Class A Common Stock withheld on September 1, 2026 to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
Did the Figma (FIG) Form 4 reflect an open-market sale or purchase?
No. The Form 4 reports a code F transaction, meaning shares were withheld to pay tax liabilities on vested restricted stock units, not an open-market sale or purchase.
Was Figma’s reported insider transaction under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5-1 trading plan; the document-level checkbox affirming such a plan is not marked, and the footnote describes only tax withholding on RSU settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.