Figma CTO Kris Rasmussen sells $6.55 million in stock By Investing.com

Kris Rasmussen, Chief Technology Officer at Figma, Inc. (), sold 261,301 shares of the company’s Class A Common Stock on July 29, 2026, for a total value of approximately $6.55 million.

The shares were sold at a weighted average sale price of $25.0686 per share. The individual sale prices for these transactions ranged from $25.00 to $25.33 per share. The sales were effected pursuant to a Rule 10b5-1 trading plan that Rasmussen adopted on August 6, 2025. The sale comes as Figma shares have rebounded 15% over the past week, though the stock remains down 80% over the past year.

Following this transaction, Rasmussen directly owns 9,492,946 shares of Figma’s Class A Common Stock. The company posted 41% revenue growth in the last twelve months, though it remains unprofitable. According to InvestingPro analysis, Figma currently appears overvalued, with analysts expecting the company to turn profitable this year.

In other recent news, Figma Inc. is set to release its earnings report on August 5, with options data suggesting a potential 16% movement in the stock following the announcement. This comes as options trading activity in Figma has surged, reaching over 145,000 contracts, with a significant portion being call options. In a notable development, HSBC’s upgrade of Adobe has eased concerns about artificial intelligence disrupting design software, indirectly benefiting Figma’s valuation. Meanwhile, Goldman Sachs has reiterated its Buy rating on Figma, maintaining a $30 price target, following insights gained from the company’s investor session and annual user conference, Config. William Blair also reiterated an Outperform rating, emphasizing the increasing value of design as AI commoditizes code. Figma’s focus on expanding creative modalities and reducing fragmentation from AI-driven workflows was a key highlight at the recent conference. Despite a 50% year-to-date decline in stock value, these recent developments have drawn attention to Figma’s strategic positioning in the market.

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