Figma General Counsel Withholds $259K in Stock for Tax Obligations
Figma, Inc.
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Filing Summary
Figma General Counsel Withholds $259K in Stock for Tax Obligations
Company: Figma, Inc. (FIG)
Form: 4 | Filed: 2026-09-03
Significance: Low
Insider: Brendan Mulligan Title: General Counsel and Secretary | Relationship: Officer
Transaction: • Type: Tax Withholding (Code F) • Shares: 9,435 • Price: $27.49 • Value: $259,368.15 • Owned After: 718,517 shares
Key Insight: This transaction represents a routine disposition of shares to cover statutory tax withholding obligations tied to the vesting and net settlement of restricted stock units (RSUs).
Market Context: The transaction accounts for less than 0.002% of Figma's $15.42B market capitalization and is non-discretionary.
Comprehensive Analysis
SEC Filing Analysis: Figma, Inc. (FIG)
Executive Summary
- Trading Significance: Low
- Key Takeaway: General Counsel Brendan Mulligan disposed of 9,435 shares ($259,368) solely to satisfy tax withholding obligations upon RSU vesting.
- Market Impact: Neutral; routine administrative tax withholding with negligible market implications.
Company Information
| Field | Value |
|---|---|
| Company | Figma, Inc. |
| Ticker Symbol | FIG |
| CIK | 0001579878 |
| Industry | Services-Prepackaged Software [7372] |
Insider Information
| Field | Value |
|---|---|
| Name | Brendan Mulligan |
| CIK | 0002073801 |
| Title/Position | General Counsel and Secretary |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-09-01 |
| Transaction Code | F (Tax Withholding) |
| Security Type | Class A Common Stock |
| Shares Involved | 9,435 |
| Price Per Share | $27.49 |
| Total Value | $259,368.15 |
| Shares Owned After | 718,517 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $259,368.15 |
| % of Market Cap | 0.0017% |
| Shares Transacted | 9,435 |
| % of Shares Outstanding | 0.0018% |
| Post-Transaction Ownership | 718,517 shares (0.1360% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: Relative to Figma's $15.42 billion market capitalization, the $259K transaction is immaterial and routine.
- Ownership Concentration: The insider retains direct ownership of 718,517 shares, representing approximately 0.14% of total shares outstanding.
- Dilution Impact: Not applicable; shares were withheld to settle tax liabilities upon RSU vesting rather than an open-market sale or new equity issuance.
- Transaction Significance: Low significance given the automatic nature of Code F tax withholding transactions.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: Automatic tax withholdings do not reflect insider sentiment or strategic portfolio adjustments.
Volume & Sentiment
- Expected Volume Impact: Immaterial
- Sentiment Indicator: Neutral
Additional Context
Transaction Notes
- Timing: Executed on September 1, 2026, aligned with a standard vesting cycle.
- Special Circumstances: Footnote 1 confirms the disposition represents shares withheld by the issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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