Mulligan Brendan 4

What Happened

Brendan Mulligan, General Counsel and Secretary of Figma, had 9,984 shares of Class A Common Stock withheld on March 1, 2026 to satisfy tax withholding liabilities. The shares were valued at $29.39 each for a total of $293,430. This was a tax-withholding disposition related to the net settlement of restricted stock units (RSUs), not an open-market sale.

Key Details

• Transaction date: 2026-03-01
• Price per share: $29.39
• Shares withheld/disposed: 9,984
• Reported transaction value: $293,430
• Transaction code: F (tax withholding) — footnote indicates shares were withheld to satisfy tax liabilities from net-settled RSUs (F1).
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing date: 2026-03-03 — the Form 4 appears to have been filed timely (within standard reporting window).

Context

Tax-withholding via share withholding is a common administrative step when RSUs vest and does not necessarily reflect the insider’s view of the company. Unlike open-market purchases, these dispositions are routine and generally not considered a trading signal.