{
  "id": 6448484,
  "title": "Figma General Counsel Sells 109,000 Shares for $2.8 Million",
  "url": "https://urgent.news/2026/09/09/figma-general-counsel-sells-109-000-shares-for-2-8-million",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T17:00:01.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/coverage/filings/2026/09/09/figma-general-counsel-sells-109-000-shares-for-usd2-8-million/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Figma General Counsel Sells 109,000 Shares for $2.8 Million",
        "url": "https://urgent.news/2026/09/09/figma-general-counsel-sells-109-000-shares-for-2-8-million-6709984",
        "published": "2026-09-09T17:20:01.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Figma General Counsel Sells 109,000 Shares for $2.8 Million",
        "url": "https://urgent.news/2026/09/09/figma-general-counsel-sells-109-000-shares-for-2-8-million-6450095",
        "published": "2026-09-09T17:20:01.000Z"
      }
    ]
  },
  "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."
}