Insider Cluster (4 insiders) ·Filed Feb 23, 2026

FIG

Figma, Inc.
BEARISH
Impact 6/10
Horizonweeks Processed7mo ago
Insider cluster: 3 insiders, $2.8M total
Actionable Insight ▼ Bearish

C-suite selling, especially by the CTO, may signal lack of confidence in near-term prospects despite ongoing bullish activity from a non-executive insider. Monitor for further selling or commentary around growth sustainability.

DirectionBearish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
FIG ▼ -1.58% at T+60d
SHORT call ✓ call won +1.58% · α vs SPY +9.83% · entry $24.75 → $24.36
Entry anchored
Feb 20, 04:56 PM ET
via exchange tick
T+1d
+10.83%
call -10.83% · α -10.09%
$27.43
settled 7mo ago
T+5d
+18.34%
call -18.34% · α -17.73%
$29.29
settled 7mo ago
T+20d
-6.26%
call +6.26% · α +2.32%
$23.20
settled 7mo ago
T+60d
-1.58%
call +1.58% · α +9.83%
$24.36
settled 5mo ago

Price Chart

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Executive Summary

Figma insiders saw mixed activity in the past week, with the Chief Technology Officer selling $1.54M in shares and the Chief Revenue Officer selling $257K, while a non-cash transaction involving nearly 4.8 million shares occurred. Separately, an insider (non-executive) purchased $1.01M in shares at a lower price two days prior. The open-market selling by two C-suite executives outweighs the single open-market purchase in both significance and alignment.

Key Financial Metrics

Direction
selling
Total Value
$1.8M
Insiders
4

Key Facts

  • Chief Technology Officer Kris Rasmussen sold $1,541,017 in open-market shares.
  • Chief Revenue Officer Shaunt Voskanian sold $256,620 in open-market shares.
  • A non-cash transaction (likely option exercise or gift) involving 4,763,981 shares occurred with no dollar value.
  • Non-executive insider Andrew Phillips Reed purchased $1,014,583 in shares.
  • Total open-market selling: $1.8M; total open-market buying: $1.01M.

Financial Impact

$1.8M in open-market sales by C-suite executives, partially offset by $1.01M in buying by a non-C-suite insider

insider sentimentshareholder confidence

Risk Factors

  • C-suite executives may have superior insight into slowing growth or competitive threats.
  • The large non-cash transaction could indicate equity restructuring or tax planning, but lacks transparency.

Market Snapshot

Exchange
NYSE

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (5 trades, 7d window)cluster-FIG-1772235769817
24 reports for FIG
Performance horizon
75% Hit rate 3 of 4 directional calls best @ T+5▲ +14.08%Jun 3, 2026
Filters
Rows
Reports for FIG — sortable, filterable
TypeNow
Sep 1, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$27.20 $21.02▼ −22.72%▼ −23.04%$21.36 (−21.47%)
Sep 1, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$27.20 $21.02▼ −22.72%▼ −23.04%$21.36 (−21.47%)
Aug 12, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$23.75 $22.14▼ −6.78%▼ −4.88%$21.36 (−10.06%)
Aug 12, 2026
7w ago
Insider Cluster
BEARISH ★ 5/10
$23.75 $22.14▲ +6.78%▲ +4.88%$21.36 (+10.06%)
Aug 6, 2026
8w ago
Insider Cluster
NEUTRAL ★ 4/10
$23.97 $25.22▲ +5.21%▲ +4.62%$21.36 (−10.89%)
Aug 6, 2026
8w ago
Insider Cluster
BEARISH ★ 6/10
$23.97 $25.22▼ −5.21%▼ −4.62%$21.36 (+10.89%)
Aug 4, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$28.15 $25.73▼ −8.60%▼ −8.00%$21.36 (−24.12%)
Aug 1, 2026
8w ago
Insider Cluster
BEARISH ★ 5/10
$24.92 $27.49▼ −10.31%▼ −9.07%$21.36 (+14.29%)
Jul 31, 2026
8w ago
Insider Cluster
NEUTRAL ★ 2/10
$24.92 $27.49▲ +10.31%▲ +9.07%$21.36 (−14.29%)
Jul 8, 2026
12w ago
Insider Cluster
NEUTRAL ★ 2/10
$21.67 $28.15▲ +29.90%▲ +26.63%$21.36 (−1.43%)
Showing 10 of 24

US Market Status

Market Closed — Opens Mon (65h 1m)

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Report published Feb 27, 2026