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Figma (FIG) General Counsel Brendan Mulligan discloses planned stock sales

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Figma, Inc. officer Brendan Mulligan, the company’s General Counsel and Secretary, reported several sales of Class A common stock. On January 2, 2026, he sold 3,449 shares at a weighted average price of $36.8967 and 3,344 shares at $37.5285, primarily to cover tax withholding obligations from vesting restricted stock units through “sell to cover” transactions. Following these sales he continued to hold hundreds of thousands of shares.

On January 5, 2026, he sold 4,366 shares at a weighted average price of $37.0391 and 1,300 shares at $37.9489 under a Rule 10b5-1 trading plan adopted on August 5, 2025. After the reported transactions, Mulligan beneficially owned 869,053 shares of Figma Class A common stock.

Positive

  • None.

Negative

  • None.
Insider Mulligan Brendan
Role General Counsel and Secretary
Sold 12,459 shs ($464K)
Type Security Shares Price Value
Sale Class A Common Stock 4,366 $37.0391 $162K
Sale Class A Common Stock 1,300 $37.9489 $49K
Sale Class A Common Stock 3,449 $36.8967 $127K
Sale Class A Common Stock 3,344 $37.5285 $125K
Holdings After Transaction: Class A Common Stock — 870,353 shares (Direct)
Footnotes (1)
  1. The sales reported in this line item represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $36.25 to $37.243, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $37.25 to $38.02, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades. 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 $36.50 and the highest price at which shares were sold was $37.45. 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 $37.56 and the highest price at which shares were sold was $38.44. 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.
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)
01/02/2026
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 01/02/2026 S(1) 3,449 D $36.8967(2) 878,063 D
Class A Common Stock 01/02/2026 S(1) 3,344 D $37.5285(3) 874,719 D
Class A Common Stock 01/05/2026 S(4) 4,366 D $37.0391(5) 870,353 D
Class A Common Stock 01/05/2026 S(4) 1,300 D $37.9489(6) 869,053 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
Explanation of Responses:
1. The sales reported in this line item represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary transactions by the Reporting Person.
2. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $36.25 to $37.243, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades.
3. The price reported in this line item is a weighted average price. These shares were sold as part of block trades for multiple security holders of the Issuer at prices ranging from $37.25 to $38.02, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein to the block trades.
4. 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.
5. Represents the weighted average sale price. The lowest price at which shares were sold was $36.50 and the highest price at which shares were sold was $37.45. 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.
6. Represents the weighted average sale price. The lowest price at which shares were sold was $37.56 and the highest price at which shares were sold was $38.44. 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.
/s/ Brendan Mulligan 01/06/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Figma (FIG) disclose for Brendan Mulligan?

Figma disclosed that officer Brendan Mulligan, its General Counsel and Secretary, sold multiple blocks of Class A common stock on January 2 and January 5, 2026, and reported the updated share balance he continues to hold.

How many Figma (FIG) shares did Brendan Mulligan sell on January 2, 2026?

On January 2, 2026, Brendan Mulligan sold 3,449 Figma Class A shares at a weighted average of $36.8967 and another 3,344 shares at a weighted average of $37.5285.

How many Figma (FIG) shares did Brendan Mulligan sell on January 5, 2026?

On January 5, 2026, Brendan Mulligan sold 4,366 Figma Class A shares at a weighted average price of $37.0391 and 1,300 shares at $37.9489.

Why were some of Brendan Mulligan’s Figma (FIG) shares sold?

The filing states that certain sales on January 2, 2026 were made to cover tax withholding obligations related to the vesting and settlement of restricted stock units through a “sell to cover” transaction, and were not discretionary trades.

Were any of the Figma (FIG) insider sales under a Rule 10b5-1 trading plan?

Yes. The sales reported on January 5, 2026 were effected under a Rule 10b5-1 trading plan that Brendan Mulligan adopted on August 5, 2025.

How many Figma (FIG) shares does Brendan Mulligan own after these transactions?

After the reported transactions, Brendan Mulligan beneficially owned 869,053 shares of Figma Class A common stock, held directly.

What price details did Figma (FIG) provide for these insider stock sales?

The filing notes that the reported prices are weighted average sale prices for block trades executed within specified price ranges, and that detailed per-price breakdowns are available upon request from the company, its securityholders, or the SEC staff.