Mulligan Brendan

General Counsel Mulligan sells 90,934 shares at avg $43.64; stock now $40.56, down 66.8% from $122.00 high.

Brendan Mulligan, General Counsel and Secretary, executed 4 separate sales totaling 90,934 shares for $3,967,939.80 on 2025-11-10 and 2025-11-12 at prices ranging from $42.94 to $45.00, with a blended average of $43.64. The transaction reduced his holdings from 994,115 to 903,181 shares, a 9.1% reduction of pre-transaction holdings. The stock has since declined to $40.56, below the transaction prices, and is down 66.8% from its 52-week high of $122.00 and down 33.3% over the prior 30 days. Fundamentally, Figma reported revenue of $274,173,000.00 but net income of -$1,097,015,000.00, indicating significant operating losses despite top-line growth. Mulligan's prior sales at this ticker (1 trade on 2025-08-01) showed a 90-day return of +55.0%, indicating that prior sale was poorly timed as the stock subsequently rose; the same-ticker timing pattern shows 0 of 1 prior sells were well-timed at the 90-day mark.

General Counsel Mulligan sold 30,000 shares of FIG at $31.52 (Aug 2025); stock now at $79.08

Brendan Mulligan, General Counsel and Secretary, sold 30,000 shares at $31.52 on 2025-08-01, reducing his position from 995,623 shares to 965,623 shares. The current stock price of $79.08 represents a significant rise from the transaction price—approximately 151% above where Mulligan executed the sale. This represents a notable divergence: the stock has appreciated substantially since the August sale, and Mulligan's exit occurred at a valuation that has since been materially exceeded. The 30-day price movement of +231.9% and 90-day movement of +261.0% underscore the magnitude of post-sale appreciation, indicating the insider liquidated a portion of his holdings during a period of relative weakness compared to subsequent performance.