The General Counsel's large open-market sale without a 10b5-1 plan is a bearish signal, especially given the lack of insider buying. Monitor for any upcoming 8-K filings (earnings, guidance, or material events) that could explain the timing.
Price Chart
Executive Summary
Two Figma insiders, the Chief Accounting Officer and General Counsel, sold a combined $2.39M in shares over a one-week window. The General Counsel's $2.36M sale is the dominant transaction, representing approximately 0.73% of Figma's $326M market cap, which is a modest but notable insider selling cluster.
Key Financial Metrics
Key Facts
- Total insider sales of $2.39M over Aug 27–Sep 3, 2026.
- General Counsel Mulligan Brendan sold 80.7K shares at $29.21 for $2.36M.
- Chief Accounting Officer Herb Tyler sold 1.4K shares at $26.29 for $37K.
- Sales represent ~0.73% of Figma's $326M market cap.
- No 10b5-1 plan indication in the filing; sales appear discretionary.
Financial Impact
Sales of $2.39M, ~0.73% of market cap.
Risk Factors
- Insider sales may be liquidity-driven despite no plan; the GC's sale could be for personal diversification.
- No other insiders (CEO/CFO) sold, limiting the cluster's breadth.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIG-1788902057803 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 8, 2026 6w ago | Insider Cluster | $22.01 $21.62 | ▲ +1.77% | ▲ +3.72% | $23.52 (−6.86%) |
Sep 1, 2026 7w ago | Insider Cluster | $25.73 $21.57 | ▼ −16.17% | ▼ −16.02% | $23.52 (−8.59%) |
Sep 1, 2026 7w ago | Insider Cluster | $25.73 $21.57 | ▼ −16.17% | ▼ −16.02% | $23.52 (−8.59%) |
Aug 12, 2026 10w ago | Insider Cluster | $26.35 $23.20 | ▼ −11.95% | ▼ −10.21% | $23.52 (−10.74%) |
Aug 12, 2026 10w ago | Insider Cluster | $26.35 $23.20 | ▲ +11.95% | ▲ +10.21% | $23.52 (+10.74%) |
Aug 6, 2026 11w ago | Insider Cluster | $23.29 $24.12 | ▲ +3.56% | ▲ +3.96% | $23.52 (+0.99%) |
Aug 6, 2026 11w ago | Insider Cluster | $23.29 $24.12 | ▼ −3.56% | ▼ −3.96% | $23.52 (−0.99%) |
Aug 4, 2026 11w ago | Insider Cluster | $28.15 $25.73 | ▼ −8.60% | ▼ −8.00% | $23.52 (−16.45%) |
Jul 31, 2026 12w ago | Insider Cluster | $24.92 $27.49 | ▼ −10.31% | ▼ −9.07% | $23.52 (+5.62%) |
Jul 31, 2026 12w ago | Insider Cluster | $24.92 $27.49 | ▲ +10.31% | ▲ +9.07% | $23.52 (−5.62%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers