Figma General Counsel Sells 109,000 Shares for $2.8 Million
Key PointsMulligan executed the disposition of ~109,000 shares on September 3, 2026, totaling ~$2.8 million in transaction value.
Brendan Mulligan, Figma's General Counsel and Secretary, recently sold approximately 109,000 shares of the company's Class A Common Stock, generating around $2.8 million. This transaction, executed under a pre-planned Rule 10b5-1 plan, resulted in a weighted-average sale price of $25.98 per share, which was above the market close on September 3, 2026, at $25.22.
Despite this sale, Mulligan retains ownership of around 609,000 shares, which equates to a total beneficial ownership value of approximately $13.9 million as of the September 8, 2026, market close. Figma, a company that develops and operates a cloud-based collaborative design platform, reported a trailing twelve-month revenue of $1.3 billion and a net loss of $1.6 billion.
The company's market capitalization stands at $12.1 billion as of the September 8, 2026, market close. Figma's stock has experienced a one-year total return of -63% as of the transaction date, but this sale was part of a larger pattern of share sales totaling over $9 million in the SaaS stock. Despite these sales, Mulligan continues to hold a significant stake in the company, emphasizing his long-term confidence in its growth.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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