Brendan Mulligan, an insider at Figma Inc (FIG), sold 885,904 shares of the company on December 2, 2025. The shares were sold at a price of $37.11 each, amounting to a total transaction value of $32.88 million. Following this sale, Mulligan retains an equal number of shares in the company.
This transaction is noteworthy, as insider selling can stem from various motivations, such as diversification, tax planning, or personal financial needs. While substantial selling might raise questions, it does not inherently signal a negative outlook on the company. Investors should consider insider transactions as just one piece of the puzzle, alongside other fundamental and technical factors.
Insider transactions must be reported to the SEC, providing a level of transparency regarding how executives view their stock holdings. However, a single insider's selling activity should be viewed in context. Monitoring trends across multiple insiders and time periods can offer more valuable insights into company sentiment.
Figma Inc operates in the technology sector, specializing in an AI-powered design platform that enhances collaboration throughout the product development lifecycle. With a market capitalization of $17.6 billion and an EPS (TTM) of -2.37, the company employs 1,577 full-time staff. Its suite of products includes Figma Design, Dev Mode, and Figma Make, among others, aimed at improving efficiency for cross-functional teams.