Figma General Counsel Brendan Mulligan offloaded 109,000 shares via a pre-planned 10b5-1 sale, though he maintains a substantial $15 million position in the cloud design firm.
General Counsel sold 109k shares under a pre-arranged 10b5-1 plan, retaining significant ownership, with revenue growth moderating bearish insider signal.
Figma General Counsel Brendan Mulligan sold 109,000 shares of Class A Common Stock for approximately $2.8 million. The transaction was executed under a pre-arranged Rule 10b5-1 plan, with Mulligan retaining a significant stake valued at over $15 million despite the company's ongoing profitability challenges.
No, the sale was executed under a pre-arranged Rule 10b5-1 plan, and Mulligan retains a significant ownership stake valued at approximately $15 million.