Mulligan Brendan 4

What Happened
Brendan Mulligan, General Counsel and Secretary of Figma (FIG), reported two sale transactions on Feb 2, 2026 totaling 7,671 shares for aggregate proceeds of about $190,720. The filings list: 3,286 shares sold at a reported weighted-average price of $24.36 (proceeds $80,040) and 4,385 shares sold at a reported weighted-average price of $25.24 (proceeds $110,680). Both sales are reported as open market/private sales (code S).

Key Details

• Transaction dates: 2026-02-02 (filed on 2026-02-04). Filing appears within the standard Form 4 reporting window.
• Line-item breakdown:
  • 3,286 shares — weighted-average price $24.36 — proceeds $80,040 (footnote F2: part of block trades priced between $23.99 and $24.9861).
  • 4,385 shares — weighted-average price $25.24 — proceeds $110,680 (footnote F3: part of block trades priced between $24.99 and $25.67).
• Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Sales were "sell to cover" transactions to satisfy tax withholding obligations tied to RSU vesting (i.e., not discretionary investment sales).
  • F2 & F3: Reported prices are weighted averages from block trades; Mulligan offers to provide detailed price breakdowns on request.

Context
These sales were tax-withholding "sell to cover" moves related to the vesting/settlement of restricted stock units, which is a routine administrative transaction and does not necessarily signal the insider's view on company prospects. For retail investors, purchases are generally more informative about insider confidence; routine sell-to-cover transactions are common following RSU vesting.