Mulligan Brendan 4

What Happened

• Brendan Mulligan, General Counsel and Secretary of Figma, sold 5,666 shares in an open-market/private sale on January 15, 2026. The weighted-average sale price was $32.02, for total proceeds of approximately $181,399. This was a sale (disposition), not a purchase.

Key Details

• Transaction date: 2026-01-15; filing date (Form 4): 2026-01-20 (filed within required two business days).
• Price: weighted average $32.02; lowest reported sale price $31.65 and highest $32.41 (report discloses weighted average and provides per-price breakdown upon request).
• Shares sold: 5,666; total reported proceeds: $181,399.
• Shares owned after the transaction: not disclosed in this filing.
• Footnotes: sale was effected pursuant to a Rule 10b5-1 trading plan adopted August 5, 2025 (pre-arranged trading plan).
• Timeliness: filing appears timely (filed on the second business day after the transaction, accounting for the Jan 19 federal holiday).

Context

• The sale was made under a 10b5-1 plan, which is a pre-arranged trading program that can make insider sales more routine and less indicative of a change in insider sentiment. Sales do not necessarily signal negative views—retail investors often view purchases as more informative than routine sales.