SEC Filing Analysis: Figma, Inc.

Executive Summary

• Trading Significance: Low
• Key Takeaway: Officer Brendan Mulligan registered a planned sale of 109,106 shares valued at approximately $2.81 million under a pre-established Rule 10b5-1 trading plan.
• Market Impact: Neutral; the transaction is routine and immaterial relative to Figma's $15.42B market capitalization.

Company Information

Field	Value
Company	Figma, Inc.
Ticker Symbol	null
CIK	0001579878
Industry	Prepackaged Software [7372]

Insider Information

Field	Value
Name	Brendan Mulligan
CIK	0002073801
Title/Position	Officer
Relationship	Officer

Transaction Details

Field	Value
Form Type	144
Transaction Date	2026/09/03
Transaction Code	S
Security Type	Common Stock
Shares Involved	109,106
Price Per Share	$25.73
Total Value	$2,807,297.38
Shares Owned After	null
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$2,807,297.38
% of Market Cap	0.018%
Shares Transacted	109,106
% of Shares Outstanding	0.021%
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: With a market capitalization of $15.42 billion, a $2.81 million proposed liquidation is negligible in terms of overall capital structure impact.
• Dilution & Transaction Significance: Comprising only 0.021% of total shares outstanding, this proposed sale is routine and executed pursuant to a Rule 10b5-1 trading plan adopted on May 29, 2026.

Market Impact Analysis

• Stock Impact Prediction: Neutral
• Reasoning: The planned transaction is scheduled under an affirmative Rule 10b5-1 defense plan and constitutes less than 0.02% of outstanding float.
• Expected Volume Impact: Negligible secondary market volume impact expected.
• Sentiment Indicator: Neutral

Additional Context

• Special Circumstances: The securities were acquired through vested RSUs and exercised options between 2020 and 2026, sold under a 10b5-1 plan adopted on May 29, 2026.