Insider Selling: Figma (NYSE:FIG) General Counsel Sells 18,741 Shares of Stock

May 22, 2026 by InsiderTrades.com

Key Points

Figma CTO Kris Rasmussen sold 327,046 shares on May 19 for about $8.2 million at an average price of $25.07. After the sale, he still held 9.77 million shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
Insider selling has been persistent, with Rasmussen also selling shares in March and February, while other executives have recently trimmed positions as well. The article notes this could weigh on sentiment even though the sales were pre-scheduled.
Figma recently beat earnings expectations, reporting $0.10 EPS versus a consensus loss estimate and posting revenue of $333.44 million, up 46.1% year over year. Analysts currently rate the stock a consensus Hold with an average price target of $38.63.

Figma, Inc. (NYSE:FIG - Get Free Report) General Counsel Brendan Mulligan sold 18,741 shares of the firm's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total transaction of $469,274.64. Following the sale, the general counsel directly owned 987,986 shares of the company's stock, valued at $24,739,169.44. The trade was a 1.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Brendan Mulligan also recently made the following trade(s):

On Monday, March 16th, Brendan Mulligan sold 4,817 shares of Figma stock. The stock was sold at an average price of $26.30, for a total transaction of $126,687.10.
On Tuesday, March 3rd, Brendan Mulligan sold 4,817 shares of Figma stock. The stock was sold at an average price of $28.30, for a total transaction of $136,321.10.

Figma Trading Down 4.6%

FIG stock opened at $21.55 on Friday. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $142.92. The company has a market capitalization of $9.60 billion and a P/E ratio of -6.28. The firm has a 50 day simple moving average of $21.04 and a 200-day simple moving average of $29.05.

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Figma (NYSE:FIG - Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business had revenue of $333.44 million during the quarter. Figma's quarterly revenue was up 46.1% compared to the same quarter last year. On average, research analysts predict that Figma, Inc. will post -0.69 EPS for the current year.

Figma News Roundup

Here are the key news stories impacting Figma this week:

Positive Sentiment: Figma has been highlighted in a bullish contrarian note as an overlooked AI-related growth stock, which could support investor interest if the market rotates back toward high-growth software names. Article Title
Positive Sentiment: Recent product updates show Figma pushing AI deeper into its design workflow, including an AI assistant/agent embedded in the collaborative canvas, which may strengthen its platform appeal and long-term growth narrative. Article Title
Neutral Sentiment: Several insider sales were executed under Rule 10b5-1 plans, suggesting the trades were pre-scheduled rather than a direct statement on near-term business conditions.
Negative Sentiment: CTO Kris Rasmussen sold 327,046 shares, and General Counsel Brendan Mulligan sold 18,741 shares, adding to the recent stream of insider selling and potentially pressuring sentiment around the stock. Article Title
Negative Sentiment: CAO Tyler Herb also sold shares earlier in the week, reinforcing the impression that insiders have been trimming positions while the stock remains well below its 200-day average.

Wall Street Analyst Weigh In

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Several brokerages recently issued reports on FIG. Wells Fargo & Company reduced their price objective on Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday, February 19th. Weiss Ratings restated a "sell (e+)" rating on shares of Figma in a research note on Tuesday. The Goldman Sachs Group set a $35.00 price objective on Figma in a research note on Thursday, February 19th. Royal Bank Of Canada reduced their price objective on Figma from $31.00 to $28.00 and set a "sector perform" rating on the stock in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. reduced their price objective on Figma from $45.00 to $42.00 and set a "neutral" rating on the stock in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $38.63.

Check Out Our Latest Analysis on Figma

Hedge Funds Weigh In On Figma

Several large investors have recently added to or reduced their stakes in the company. SC US Ttgp LTD. lifted its stake in Figma by 5.8% during the first quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company's stock worth $565,034,000 after purchasing an additional 1,466,851 shares during the last quarter. ICONIQ Capital LLC bought a new stake in Figma in the third quarter valued at $1,108,879,000. a16z Capital Management L.L.C. bought a new stake in Figma in the third quarter valued at $842,687,000. JPMorgan Chase & Co. lifted its stake in Figma by 119.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company's stock valued at $248,284,000 after buying an additional 3,615,198 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company's stock valued at $215,386,000 after buying an additional 2,789,986 shares during the last quarter.

Figma Company Profile

(Get Free Report)

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform's real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.