Mulligan Brendan 4

What Happened
Brendan Mulligan, General Counsel and Secretary of Figma, sold 5,227 shares on February 19, 2026. The shares were disposed at $26.00 each for total proceeds of approximately $135,902. This was a sale (not a purchase) and sales are often routine rather than a bullish signal.

Key Details

• Transaction date: 2026-02-19; Sale price: $26.00 per share; Total proceeds: ~$135,902.
• Transaction type: Sale (code S) — listed as open market or private sale.
• Reporting/filing: Form 4 filed 2026-02-23 (filed within the two-business-day window, i.e., timely).
• Footnote: Sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mulligan on August 5, 2025 (pre-arranged plan).
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 on EDGAR for current holdings.

Context
A 10b5-1 plan indicates the sale was pre-scheduled and may not reflect the insider’s current view of the company. For retail investors, purchases typically carry more informational weight than routine sales; this single planned sale alone shouldn’t be taken as a directional signal.