Figma general counsel Brendan Mulligan sells $455,385 in shares By Investing.com

Brendan Mulligan, General Counsel and Secretary at Figma, Inc. (), sold 18,213 shares of the company’s Class A Common Stock on July 29, 2026. The transactions totaled approximately $455,385.

The shares were sold at prices ranging from $25.00 to $25.015 per share, with a weighted average sale price of $25.0033. The sale was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Mulligan adopted on August 5, 2025. Following this transaction, Mr. Mulligan beneficially owns 951,571 shares of Figma Class A Common Stock.The insider sale comes as Figma’s stock currently trades at $24.32, down roughly 80% over the past year. The company, valued at $12.6 billion, has earnings scheduled in four days. According to InvestingPro, which offers comprehensive Pro Research Reports on over 1,400 US equities including Figma, analysts predict the company will be profitable this year despite recent losses.

In other recent news, Figma Inc. is preparing for its earnings report scheduled for release on August 5. Options data suggests a potential 16% move in the stock following the announcement. Meanwhile, options trading activity for Figma has surged, with over 145,000 contracts traded, indicating significant investor interest. The largest portion of this activity was in the July 17, 2026, $28 call options.

Additionally, Figma shares experienced a rise after HSBC upgraded Adobe, alleviating some concerns about AI disrupting traditional design software. This upgrade has been seen as beneficial for Figma’s valuation. In terms of analyst ratings, Goldman Sachs has reiterated its Buy rating on Figma with a $30 price target, emphasizing the company’s role in modern product development. William Blair also reiterated an Outperform rating, highlighting Figma’s focus on design as a key differentiator in an AI-driven market.

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