Mulligan Brendan 4
Research Summary
AI-generated summary
Figma (FIG) General Counsel Brendan Mulligan Receives Award
What Happened
- Brendan Mulligan, General Counsel and Secretary of Figma, was granted 203,086 restricted stock units (RSUs) on 2026-03-20. The Form 4 reports the acquisition as 203,086 shares at $0.00 (code A — award/grant), so no cash was paid at grant. Each RSU is a contingent right to receive one share of Class A common stock upon vesting.
Key Details
- Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed within the required 2 business days).
- Reported amount: 203,086 RSUs acquired at $0.00 (award/grant).
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1 — the 203,086 RSUs vest according to the award terms; each RSU converts to one Class A share upon vesting. F2 — certain securities in the filing are represented by RSUs.
- Transaction code: A (Grant/Award). No sale or purchase of shares occurred in this filing.
Context
- RSU grants are a form of compensation and are contingent until they vest; they do not represent immediately tradable shares. This grant should be viewed as an insider compensation event rather than an open-market buy or sell. The filing appears timely, so no late-filing implications are indicated.