FIG Figma, Inc.
Price Chart
Executive Summary
A cluster of insider selling at Figma, led by CEO Dylan Field's $4.37M open-market sale alongside tax-withholding transactions by other executives, signals potential bearish sentiment from management. The total open-market sales of ~$4.41M represent about 0.03% of Figma's $12.8B market cap, which is trivial in proportion, but the CEO's sale is notable for its size and timing, occurring after a derivative conversion. The cluster is amplified by cross-filing context suggesting insider trades often precede material events, though historical performance on FIG shows poor T+20 win rates (25%), tempering conviction.
Key Financial Metrics
Actionable Insight
The CEO's $4.37M sale, while small relative to market cap, is the largest insider sale at Figma in the past 30 days and follows a derivative conversion. Monitor for any upcoming earnings, guidance changes, or material agreements—cross-filing amplifiers suggest insider trades often precede such events. Given the poor historical T+20 performance on FIG (25% win rate), avoid aggressive short positioning; instead, watch for additional insider filings or corporate disclosures in the next 2-4 weeks.
Key Facts
- CEO Dylan Field sold 174,430 shares on 2026-05-29 for $4.37M, following a derivative conversion at $0.
- Chief Accounting Officer Herb Tyler sold 1,850 shares on 2026-06-01 for $48,840.
- Total open-market sales in the cluster: ~$4.41M, or ~0.03% of Figma's $12.8B market cap.
- Tax-withholding transactions (non-cash) occurred for 5 executives on 2026-06-01, totaling ~$885K in shares surrendered.
- Director Mamoon Amjad Hamid acquired 5.8M shares via non-cash 'other' transaction on 2026-05-28.
- Historical performance on FIG shows a 25% win rate at T+20 across 8 settled reports, with average alpha of -3.96% vs SPY.
Financial Impact
CEO sale of $4.37M represents ~0.03% of market cap; total cluster open-market sales of $4.41M are trivial relative to $12.8B market cap.
Risk Factors
- CEO sale may signal management's view of overvaluation or upcoming headwinds.
- Tax-withholding transactions are routine and non-informative, but their clustering with CEO sale raises optics.
- Historical T+20 performance on FIG is poor (25% win rate, avg alpha -3.96%), suggesting the stock may not follow bearish signals reliably.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIG-1780519089600 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $19.90 awaiting T+1 | awaiting T+1 | — | $18.54 (−6.83%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $22.51 $21.75 | ▼ −3.38% | ▼ −0.80% | $18.54 (−17.64%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $22.51 $21.75 | ▼ −3.38% | ▼ −0.80% | $18.54 (−17.64%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $22.51 $21.75 | ▼ −3.38% | ▼ −0.80% | $18.54 (−17.64%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $22.51 $21.75 | ▼ −3.38% | ▼ −0.80% | $18.54 (−17.64%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $22.51 $21.75 | ▲ +3.38% | ▲ +0.80% | $18.54 (+17.64%) |
|
May 21, 2026
22d ago
|
Insider Cluster
| $22.71 $21.96 | ▼ −3.30% | ▼ −3.89% | $18.54 (−18.36%) |
|
May 20, 2026
23d ago
|
Insider Cluster
| $21.59 $22.71 | ▲ +5.19% | ▲ +4.74% | $18.54 (−14.13%) |
|
Feb 25, 2026
15w ago
|
Insider Cluster
| $31.24 $30.22 | ▼ −3.27% | ▼ −2.72% | $18.54 (−40.65%) |
|
Feb 23, 2026
15w ago
|
Insider Cluster
| $24.75 $27.43 | ▲ +10.83% | ▲ +10.09% | $18.54 (−25.09%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access