Figma General Counsel Sells 109,000 Shares for $2.8 Million
Brendan Mulligan disposed of 15% of his equity stake under a pre-scheduled Rule 10b5-1 trading plan adopted in May, retaining ~609,000 shares worth $13.9 million.
Figma's General Counsel and Secretary, Brendan Mulligan, recently sold 109,000 shares of the company's Class A Common Stock, according to an SEC Form 4 filing. The transaction was valued at $2.8 million based on the weighted average sale price of $25.98 per share. However, the post-transaction value, calculated using Figma's stock price on September 3, 2026, was slightly lower at $25.22 per share.
Figma is a prominent player in the collaborative design software market, boasting a market capitalization of $12.1 billion and generating $1.3 billion in revenue over the trailing twelve months. The company's platform serves customers worldwide, supporting seamless collaboration between design and development teams through its cloud-native architecture and integration capabilities.
Despite facing current profitability challenges, Figma remains a significant force in the digital design tools sector, employing approximately 1,886 people and offering a comprehensive suite of products tailored to various design and prototyping workflows.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
