Figma insider option exercise and planned sales disclosed in Form 4

Rhea-AI Filing Summary

Figma (FIG) Form 4: The company’s General Counsel and Secretary, Brendan Mulligan, exercised 56,635 stock options at an exercise price of $23.193 on 11/10/2025, then sold shares pursuant to a Rule 10b5-1 trading plan. Sales included 35,549 shares at a weighted average price of $42.9417, 36,623 shares at $43.7259, and 8,762 shares at $44.514 on 11/10/2025, plus 10,000 shares at $45.00 on 11/12/2025. Following these transactions, he directly beneficially owned 903,181 shares. The option was fully vested, with expiration the earlier of August 21, 2029 or one year after the IPO.

Insights

Securities compliance analyst

Planned insider sales following an option exercise; administrative and neutral.

Brendan Mulligan exercised $23.193 options for 56,635 shares and executed pre‑planned sales under a Rule 10b5‑1 trading plan adopted on August 5, 2025. Weighted average sale prices ranged around $42.94–$45.00.

The filing lists precise amounts sold on 11/10/2025 and 11/12/2025, and confirms the option was fully vested. These are routine insider transactions disclosed for transparency.

After the trades, direct beneficial ownership stood at 903,181 shares. Actual market impact depends on trading volume and is not assessed here.

Insider Trade Summary

Net Seller: 90,934 shares ($3,967,940)

Net Sell 6 txns

Insider Mulligan Brendan

Role General Counsel and Secretary

Sold 90,934 shs ($3.97M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	10,000	$45.00	$450K
Exercise	Stock Option (Right to Buy)	56,635	$0.00	--
Exercise	Class A Common Stock	56,635	$23.193	$1.31M
Sale	Class A Common Stock	35,549	$42.9417	$1.53M
Sale	Class A Common Stock	36,623	$43.7259	$1.60M
Sale	Class A Common Stock	8,762	$44.514	$390K

Holdings After Transaction: Class A Common Stock — 903,181 shares (Direct); Stock Option (Right to Buy) — 0 shares (Direct)

Footnotes (1)

1. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2025. Represents the weighted average sale price. The lowest price at which shares were sold was $42.32 and the highest price at which shares were sold was $43.31. 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. Represents the weighted average sale price. The lowest price at which shares were sold was $43.32 and the highest price at which shares were sold was $44.29. 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. Represents the weighted average sale price. The lowest price at which shares were sold was $44.32 and the highest price at which shares were sold was $44.76. 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. The option is fully vested. The award will expire upon the earlier of (a) August 21, 2029 and (b) the date that is one year following the Issuer's IPO.

Form 4 Insider Transactions: What Each Field Means →

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).

X

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 CA 94102

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025

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

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

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

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	11/10/2025		M		56,635	A	$23.193	994,115	D
Class A Common Stock	11/10/2025		S(1)		35,549	D	$42.9417(2)	958,566	D
Class A Common Stock	11/10/2025		S(1)		36,623	D	$43.7259(3)	921,943	D
Class A Common Stock	11/10/2025		S(1)		8,762	D	$44.514(4)	913,181	D
Class A Common Stock	11/12/2025		S(1)		10,000	D	$45	903,181	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
Stock Option (Right to Buy)	$23.193	11/10/2025		M			56,635	(5)	(6)	Class A Common Stock	56,635	$0	0	D

Explanation of Responses:

1. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2025.

2. Represents the weighted average sale price. The lowest price at which shares were sold was $42.32 and the highest price at which shares were sold was $43.31. 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.

3. Represents the weighted average sale price. The lowest price at which shares were sold was $43.32 and the highest price at which shares were sold was $44.29. 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.

4. Represents the weighted average sale price. The lowest price at which shares were sold was $44.32 and the highest price at which shares were sold was $44.76. 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.

5. The option is fully vested.

6. The award will expire upon the earlier of (a) August 21, 2029 and (b) the date that is one year following the Issuer's IPO.

	/s/ Brendan Mulligan	11/13/2025
	** 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.

FAQ

What did Figma (FIG) disclose in this Form 4?

An officer exercised 56,635 options at $23.193 and sold shares under a Rule 10b5-1 plan on 11/10/2025 and 11/12/2025.

How many Figma (FIG) shares were sold and at what prices?

Sales were 35,549 at $42.9417, 36,623 at $43.7259, 8,762 at $44.514, and 10,000 at $45.00.

Was the sale pre‑planned under Rule 10b5‑1?

Yes. The filing states sales were effected under a Rule 10b5‑1 trading plan adopted on August 5, 2025.

What is the insider’s remaining Figma (FIG) ownership after these trades?

Direct beneficial ownership was 903,181 shares after the reported transactions.

What are the terms of the exercised option?

The option was fully vested; it expires on the earlier of August 21, 2029 or one year following the IPO.

Who is the reporting person and their role at Figma (FIG)?

The reporting person is Brendan Mulligan, General Counsel and Secretary of Figma, Inc.