Insider selling at these levels is routine and non-informative. The $2.42M cluster is noise relative to Figma's $14.5B market cap. Monitor next quarterly filing for any change in fundamentals, but this cluster alone does not warrant a trading response.
Price Chart
Executive Summary
Figma insiders sold $2.42M in stock over a 7-day window, led by General Counsel Brendan Mulligan ($2.36M) and Chief Accounting Officer Herb Tyler ($60K). The selling is concentrated in the C-suite and represents 0.017% of Figma's $14.5B market cap — well below the 0.1% materiality threshold. Non-cash transactions (director grants, CEO gift) have zero economic impact. The cluster is not informative per academic literature: insider sales are weak predictors, and the dollar amount is trivial relative to company size.
Key Financial Metrics
Key Facts
- General Counsel Mulligan Brendan sold 211,599 shares for $6.3M total across three trades on Aug 28
- Chief Accounting Officer Herb Tyler sold 2,000 shares for $60K on Aug 27
- Total open-market selling: $2.42M, representing 0.017% of $14.5B market cap
- Non-cash transactions: Director John Osborne received 335,766 shares (grant), Director Andrew Reed received 3.18M shares (grant), CEO Dylan Field gifted 40,000 shares
- Prior 30-day insider activity: 4 sells totaling $6.4M — this cluster adds $2.42M to that total
- Institutional ownership: top holders include Sc Us (Ttgp) $484M, Fidelity $317M, Two Sigma $230M
Financial Impact
$2.42M in open-market sales, 0.017% of market cap — trivial
Risk Factors
- Insider selling could accelerate if fundamentals deteriorate, but current levels are immaterial
- General Counsel selling $2.36M may reflect personal liquidity needs rather than bearish view
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIG-1788332879001 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | Insider Cluster | $27.20 $21.02 | ▼ −22.72% | ▼ −23.04% | $21.08 (−22.48%) |
Sep 1, 2026 4w ago | Insider Cluster | $27.20 $21.02 | ▼ −22.72% | ▼ −23.04% | $21.08 (−22.48%) |
Aug 12, 2026 7w ago | Insider Cluster | $23.75 $22.14 | ▼ −6.78% | ▼ −4.88% | $21.08 (−11.22%) |
Aug 12, 2026 7w ago | Insider Cluster | $23.75 $22.14 | ▲ +6.78% | ▲ +4.88% | $21.08 (+11.22%) |
Aug 6, 2026 8w ago | Insider Cluster | $23.97 $25.22 | ▲ +5.21% | ▲ +4.62% | $21.08 (−12.04%) |
Aug 6, 2026 8w ago | Insider Cluster | $23.97 $25.22 | ▼ −5.21% | ▼ −4.62% | $21.08 (+12.04%) |
Aug 4, 2026 8w ago | Insider Cluster | $28.15 $25.73 | ▼ −8.60% | ▼ −8.00% | $21.08 (−25.10%) |
Aug 1, 2026 8w ago | Insider Cluster | $24.92 $27.49 | ▼ −10.31% | ▼ −9.07% | $21.08 (+15.39%) |
Jul 31, 2026 8w ago | Insider Cluster | $24.92 $27.49 | ▲ +10.31% | ▲ +9.07% | $21.08 (−15.39%) |
Jul 8, 2026 12w ago | Insider Cluster | $21.67 $28.15 | ▲ +29.90% | ▲ +26.63% | $21.08 (−2.70%) |
US Market Status
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