Figma SEC Filings

Figma, Inc. director-associated investment entities reported significant open-market purchases of Class A common stock. Funds managed by SC Expansion Fund II Management, L.P. bought a total of 1,466,852 shares in multiple transactions at weighted average prices around $23.95–$25.90 per share.

The purchases on February 20, 2026 and February 23, 2026 were executed through entities affiliated with Sequoia Capital, and the reporting person disclaims beneficial ownership beyond his pecuniary interest. The filing also updates indirect holdings across several Sequoia funds and related entities.

Figma, Inc. Chief Accounting Officer Herb Tyler reported an open-market sale of 1,492 shares of Class A common stock at $26.00 per share on February 19, 2026. After this transaction, he directly owned 194,434 shares of Class A common stock.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by Tyler on August 5, 2025, meaning the trades were scheduled in advance rather than decided at the time of sale.

Figma, Inc. General Counsel and Secretary Brendan Mulligan reported an open-market sale of 5,227 shares of Class A common stock at $26.00 per share on February 19, 2026. Following this transaction, he held 845,262 shares directly. The sale was executed under a pre-established Rule 10b5-1 trading plan adopted on August 5, 2025, indicating it was made pursuant to a predetermined schedule rather than a discretionary trade.

FIG affiliate Brendan Mulligan reported proposed sales of common stock under Rule 144/10b5-1. The filing lists multiple 10b5-1 sale entries between 12/01/2025 and 02/10/2026 with specific share counts and proceeds.

Examples include 9,343 shares on 12/01/2025 for $331,209.35 and 7,671 shares on 02/02/2026 for $190,719.32.

Figma, Inc. reports strong growth in its latest annual period, with revenue of $1.1 billion versus $749.0 million a year earlier and headcount rising to 1,886 Figmates. The company positions itself as an AI-powered, browser-based design and product development platform spanning ideation, design, prototyping, development, websites, and marketing assets.

Figma has rapidly expanded its product suite, adding FigJam, Figma Slides, Dev Mode, Figma Make, Figma Sites, Figma Buzz, Figma Draw, and Figma Weave, and acquired Payload and Weavy in 2025. It is introducing AI credits across all seats and plans to enforce credit limits and sell additional AI credit subscriptions or pay-as-you-go plans starting March 2026.

The filing highlights numerous risks, including managing rapid growth, evolving pricing and AI billing models, intense competition (especially around AI), technical complexity, security and privacy obligations, and the multi-class share structure that concentrates voting power with CEO Dylan Field. Figma also emphasizes continued international expansion, community engagement, and significant ongoing investment in AI and product innovation.

Figma, Inc. reported very strong fourth quarter and fiscal 2025 results, combining rapid growth with improving profitability on a non-GAAP basis. Fourth quarter revenue reached $303.8 million, up 40% year-over-year and above its prior guidance, while Net Dollar Retention Rate rose to 136%, showing existing customers are expanding their spend.

Despite a GAAP operating loss of $195.5 million in the quarter (a (64)% margin), Figma generated non-GAAP operating income of $44.0 million, a 14% margin, and non-GAAP net income of $43.0 million. Operating cash flow was $39.9 million with a 13% margin, and cash, cash equivalents, and marketable securities totaled $1.7 billion as of December 31, 2025.

For fiscal 2025, revenue was $1.056 billion, up 41% year-over-year, with non-GAAP net income of $166.8 million and operating cash flow of $250.7 million (a 24% margin). GAAP results were heavily affected by a $975.7 million one-time stock-based compensation expense tied to its IPO. Figma guided 2026 revenue to $1.366–$1.374 billion (about 30% growth at the midpoint) and expects non-GAAP operating income of $100–$110 million, indicating plans to balance continued investment in AI and its platform with ongoing profitability.

FIG filed a Form 144 notice covering a planned sale of 5,000 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $112,650.00. The shares relate to an estate planning transfer involving a trust connected to Kris Rasmussen, originally acquired on 12/13/2018.

The filing notes that 415,909,379 shares of this class were outstanding and lists extensive recent Rule 10b5-1 sales of FIG common stock over the prior three months. These include multiple transactions by Kristopher Rasmussen and by three irrevocable trusts (for Olivia Mae, Grace Harper, and Isla Rose Rasmussen), each trade disclosing the number of shares sold and gross proceeds.

A shareholder related to FIG has filed a Form 144 notice to sell 5,000 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of 112,650.00. The issuer reports 415,909,379 shares outstanding of this class.

The shares to be sold were acquired on 12/13/2018 via estate-planning transfers from settlor Kris Rasmussen. Over the past three months, Rule 10b5-1 plans for Kristopher Rasmussen and related irrevocable trusts have executed multiple sales, including 150,000 shares for 5,587,527.00 on 01/05/2026 and 120,000 shares for 3,001,524.00 on 02/10/2026.

This notice states that an affiliated trust plans to sell 5,000 shares of common stock, with an aggregate market value of 112,650.00. The sale is expected around 02/17/2026 through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE, while 415,909,379 shares of this class were outstanding.

The 5,000 shares were acquired on 12/13/2018 via estate planning transfers from the settlor of the trust, Kris Rasmussen. The filing also lists multiple recent Rule 10b5-1 sales of common stock by Kristopher Rasmussen and related irrevocable trusts, including 150,000 shares sold on 01/05/2026 for 5,587,527.00.