{
  "id": 12731724,
  "title": "Figma general counsel Brendan Mulligan sells $449,990 stock",
  "url": "https://urgent.news/2026/10/07/figma-general-counsel-brendan-mulligan-sells-449-990-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T22:45:54.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/figma-general-counsel-brendan-mulligan-sells-449990-stock-93CH-4937678"
  },
  "original_language": "en",
  "account": "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.\n\nDespite 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.\n\nFigma 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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Figma chief accounting officer Herb Tyler sells $30,664 in stock",
        "url": "https://urgent.news/2026/10/07/figma-chief-accounting-officer-herb-tyler-sells-30-664-in-stock",
        "published": "2026-10-07T22:46:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}