Reed Andrew Phillips

Director Reed Andrew Phillips purchases 1,466,852 shares for $36,537,073.32 across 3 transactions at Figma (FIG)

Director Phillips executed 3 separate purchases totaling 1,466,852 shares for $36,537,073.32 on February 20–23, 2026, with a blended average price of $24.91 per share. This represents his first purchase at Figma, moving from zero to 1.47M shares held. The current price of $27.43 sits 77.5% below the 52-week high of $122.00 and down 24.1% over 90 days, indicating he is purchasing during a period of substantial stock decline. Notably, his cross-ticker track record shows strong buy timing (100% win rate at 90 days, avg +48.0%), though his same-ticker prior trades at FIG are less clearly positive at the 90-day horizon. Figma's fundamentals present mixed signals: strong revenue growth at +41.0% annually, but the company remains unprofitable with a net loss of $1,097,015,000.00 in the most recent fiscal year.

Figma Director Phillips sells 1.71M shares for $53.9M while buying 60K shares, reducing stake 91.9% amid 3-insider cluster buy pattern.

Reed Andrew Phillips, a Figma director, executed three separate sales totaling 1,709,334 shares for $53,869,661.02 on 2025-08-01, simultaneously purchasing 60,000 shares for $1,980,000.00. This transaction reduced his post-transaction holdings to 145,329 shares from a pre-transaction position of 1,794,663 shares, a net 91.9% reduction. The sale prices ($31.52 per share across all three tranches) significantly undercut the current price of $79.08, with FIG trading +231.9% over the past 30 days and +261.0% over 90 days. The concurrent buy of 60K shares and the presence of a cluster buy pattern involving 3 other insiders within the past 14 days warrant attention. The substantial disparity between transaction prices and current valuation, coupled with the coincident buying activity by other directors, adds interpretive complexity to the primary sale signal.