SEC Filing Analysis: Figma, Inc.

Executive Summary

• Trading Significance: Low
• Key Takeaway: Officer Kristopher Rasmussen filed a Form 144 notice for the proposed sale of 250,000 shares worth approximately $5.80M under a pre-established Rule 10b5-1 plan.
• Market Impact: Neutral; the transaction accounts for less than 0.05% of total shares outstanding.

Company Information

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

Insider Information

Field	Value
Name	Kristopher Rasmussen
CIK	0002073592
Title/Position	Officer
Relationship	Officer

Transaction Details

Field	Value
Form Type	144
Transaction Date	2026-09-14
Transaction Code	Proposed Sale
Security Type	Common Stock
Shares Involved	250,000
Price Per Share	~$23.20
Total Value	$5,800,000
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$5,800,000
% of Market Cap ($15.42B)	0.038%
Shares Transacted	250,000
% of Shares Outstanding (528.38M)	0.047%
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: In the context of Figma's $15.42B market capitalization, a $5.80M transaction is minor and routine for an executive equity compensation liquidation program.
• Transaction Significance: The transaction represents ~0.05% of outstanding shares and is executed pursuant to a 10b5-1 plan adopted on May 30, 2026, indicating structured liquidity rather than a sentiment-driven disposal.

Market Impact Analysis

• Direction: Neutral
• Reasoning: Standard planned insider diversification of vested RSUs with minimal dilution or float disruption.
• Expected Volume Impact: Negligible relative to typical trading volume.
• Sentiment Indicator: Neutral

Additional Context

• Special Circumstances: The proposed sale is executed pursuant to a Rule 10b5-1 trading plan established on May 30, 2026. Shares originated from RSU settlements between May 2024 and May 2026.