Mulligan Brendan 4

What Happened

• Brendan Mulligan, General Counsel and Secretary of Figma, sold 4,817 shares on March 16, 2026. The shares were sold at $26.30 per share for a total proceeds of $126,687. This was a sale (typical liquidity event) rather than a purchase.

Key Details

• Transaction date and price: 2026-03-16, 4,817 shares at $26.30 per share.
• Transaction type: Sale (code S) — open-market or private sale per the filing.
• Proceeds: $126,687.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: Sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 5, 2025 (Footnote F1).
• Filing: Form 4 filed 2026-03-18; this appears to be timely (filed within the reporting window).

Context

• A 10b5-1 plan allows insiders to sell preplanned amounts at pre-set times or conditions and is commonly used to avoid concerns about trading on material nonpublic information. Sales under such plans are often routine and do not necessarily indicate a change in the insider’s view of the company.