Insider Cluster (7 insiders) ·Filed Feb 23, 2026

FIG

Figma, Inc.
NEUTRAL
Impact 4/10
Horizondays Processed7mo ago
Insider cluster: 4 insiders, $2.9M total
Actionable Insight • Neutral

Monitor for follow-up selling, especially from C-suite; current activity is within normal range for a large-cap tech firm but warrants attention if volume accelerates.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
FIG ▼ -1.58% at T+60d
NEUTRAL call ✗ call lost -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 executed a mix of open-market sales and non-cash transactions over the past week. The total value of open-market selling was $1.8M, led by CTO Kris Rasmussen's sale of $1.54M in shares, while the CEO and others engaged in non-cash derivative conversions and tax-related transactions.

Key Financial Metrics

Direction
selling
Total Value
$1.8M
Insiders
7

Key Facts

  • CTO Kris Rasmussen sold $1.54M in shares, the largest open-market sale in the cluster.
  • CEO Dylan Field converted 250,000 shares via derivative exercise (non-cash, $0 value).
  • CFO Praveer Melwani surrendered 16,994 shares for tax withholding ($499K value).
  • Total open-market selling: $1.8M across three insiders.
  • Two non-cash 'Other' transactions totaling 9.5M shares at $0 value, likely related to equity restructuring or vesting.

Financial Impact

$1.8M in open-market selling, representing 0.012% of Figma's $15.3B market cap

insider ownershipmarket sentiment

Risk Factors

  • Perception of insider pessimism if selling continues, particularly from senior executives.
  • Non-cash 'Other' transactions may indicate complex equity restructuring not fully disclosed.

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 (7 trades, 7d window)cluster-FIG-1772575340948
24 reports for FIG
Performance horizon
80% Hit rate 4 of 5 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%$21.08 (−22.48%)
Sep 1, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$27.20 $21.02▼ −22.72%▼ −23.04%$21.08 (−22.48%)
Aug 12, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$23.75 $22.14▼ −6.78%▼ −4.88%$21.08 (−11.22%)
Aug 12, 2026
7w ago
Insider Cluster
BEARISH ★ 5/10
$23.75 $22.14▲ +6.78%▲ +4.88%$21.08 (+11.22%)
Aug 6, 2026
8w ago
Insider Cluster
NEUTRAL ★ 4/10
$23.97 $25.22▲ +5.21%▲ +4.62%$21.08 (−12.04%)
Aug 6, 2026
8w ago
Insider Cluster
BEARISH ★ 6/10
$23.97 $25.22▼ −5.21%▼ −4.62%$21.08 (+12.04%)
Aug 4, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$28.15 $25.73▼ −8.60%▼ −8.00%$21.08 (−25.10%)
Aug 1, 2026
8w ago
Insider Cluster
BEARISH ★ 5/10
$24.92 $27.49▼ −10.31%▼ −9.07%$21.08 (+15.39%)
Jul 31, 2026
8w ago
Insider Cluster
NEUTRAL ★ 2/10
$24.92 $27.49▲ +10.31%▲ +9.07%$21.08 (−15.39%)
Jul 8, 2026
12w ago
Insider Cluster
NEUTRAL ★ 2/10
$21.67 $28.15▲ +29.90%▲ +26.63%$21.08 (−2.70%)
Showing 10 of 24

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Report published Mar 3, 2026