Figma (FIG) GC has 9,435 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figma, Inc. General Counsel and Secretary Brendan Mulligan reported a routine tax-related share disposition. On the transaction date, 9,435 shares of Class A Common Stock were withheld by the company at $25.50 per share to cover tax withholding liabilities tied to the net settlement of restricted stock units, rather than being sold on the open market.
After this withholding, Mulligan directly held 979,220 shares of Class A Common Stock. A footnote also notes that this balance includes 669 shares acquired on May 15, 2026 under Figma’s employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mulligan Brendan
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 9,435 | $25.50 | $241K |
Holdings After Transaction:
Class A Common Stock — 979,220 shares (Direct, null)
Footnotes (1)
- The transaction represents the number of shares of Class A Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units. Includes 669 shares of Class A Common Stock acquired by the Reporting Person on May 15, 2026 pursuant to the Issuer's employee stock purchase plan.
Key Figures
Shares withheld for taxes: 9,435 shares
Withholding price: $25.50 per share
Shares held after transaction: 979,220 shares
+1 more
4 metrics
Shares withheld for taxes
9,435 shares
Class A Common Stock withheld to satisfy tax liabilities
Withholding price
$25.50 per share
Value used for tax-withholding disposition
Shares held after transaction
979,220 shares
Direct Class A Common Stock holdings following transaction
ESPP shares included
669 shares
Class A shares acquired May 15, 2026 via employee stock purchase plan
Key Terms
restricted stock units, tax withholding liabilities, net settlement, employee stock purchase plan
4 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding liabilities financial
"withheld by the Issuer to satisfy tax withholding liabilities in connection"
net settlement financial
"in connection with the net settlement of restricted stock units."
employee stock purchase plan financial
"acquired by the Reporting Person on May 15, 2026 pursuant to the Issuer's employee stock purchase plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What insider transaction did Figma (FIG) report for Brendan Mulligan?
Figma reported that Brendan Mulligan had 9,435 Class A shares withheld to satisfy tax liabilities from net-settled restricted stock units. This was a tax-withholding disposition, not an open-market share sale, and reflects routine equity compensation administration.
Was the Figma (FIG) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 describes it as shares withheld by Figma to satisfy tax withholding liabilities from restricted stock unit settlement, categorized as a tax-withholding disposition rather than a discretionary sale in the market.