Figma general counsel Brendan Mulligan sells $449,990 stock

Figma's General Counsel, Brendan Mulligan, recently sold 20,701 shares of the company's Class A Common Stock on October 5, 2026, for a total of $449,990. The shares were sold at an average price of $21.7376, with individual sale prices ranging from $21.17 to $22.06 per share. Post-transactions, Mulligan now owns 579,274 shares of Figma's Class A Common Stock.

Despite Figma's stock being near $21.62, down 64% over the past year, the company has shown strong revenue growth of 43% in the last twelve months and a gross profit margin of 79%. According to InvestingPro analysis, Figma's stock appears fairly valued at its current level.

Figma recently reported its second-quarter 2026 earnings, exceeding analysts' expectations with 8 cents per share on revenue of $370 million, compared to the estimated 4 cents per share and $351.3 million in revenue. The company has also raised its full-year sales outlook, exhibiting confidence in its ongoing performance. However, Figma's stock price declined after hours due to investor concerns about near-term guidance and the pace of monetization for its newer AI products.

This follows a trend of accelerating year-over-year growth for Figma, marking the third consecutive quarter of such progress.