FIG Figma, Inc.
Price Chart
Executive Summary
Figma's CTO Kris Rasmussen sold $8.2M of stock on May 19, one week after a blowout Q1 earnings report (revenue +46% YoY, guidance raised $55M). Two board affiliates (Rimer, Index Ventures) also sold modest amounts totaling $608K. The CTO sale is large at 0.07% of market cap — modest on a proportional basis — but its timing immediately after accelerating revenue and AI monetization momentum makes it more notable as routine diversification than a bearish signal.
Key Financial Metrics
Actionable Insight
The CTO sale is large in absolute dollars ($8.2M) but tiny relative to Figma's $11.9B market cap. The sale follows a strong quarterly beat with accelerating revenue growth (46% YoY) and a raised full-year guide — context that makes liquidity-motivated selling more likely than fundamental concern. Expect no material stock reaction. Watch next 8-K for any share repurchase program or secondary offering commentary.
Key Facts
- CTO Kris Rasmussen sold 327,046 shares for $8.2M on May 19 at $25.07
- Director Rimer and Index Ventures sold 12,475 shares each ($304K total) on May 18
- Chief Accounting Officer sold 669 shares ($16K) on May 18
- Total cluster sales value: ~$8.82M (0.07% of $11.9B market cap)
- Insider cluster occurred 5 days after Q1 earnings beat (revenue +46% YoY to $333.4M) and guidance raise
- Net dollar retention hit 139%, customers >$100K ARR grew 48% YoY
- Non-GAAP operating income of $52.1M (16% margin) and free cash flow of $88.6M (27% margin)
Financial Impact
Insider sales total $8.82M, or 0.07% of Figma's $11.9B market cap — well below the 0.1% threshold for materiality
Risk Factors
- Possible upcoming secondary offering with CTO sale establishing liquidation price
- If more C-suite sells surface in next 30 days, cluster becomes more informative
- Historical T+20 average alpha of -3.96% on prior FIG calls suggests some drift but small sample (n=8 settled)
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIG-1779395588345 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
3d ago
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Institutional Cluster
| $19.90 awaiting T+1 | awaiting T+1 | — | $18.54 (−6.83%) |
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Jun 3, 2026
11d ago
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Insider Cluster
| $22.51 $21.75 | ▼ −3.38% | ▼ −0.80% | $18.54 (−17.64%) |
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Jun 3, 2026
11d ago
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Insider Cluster
| $22.51 $21.75 | ▼ −3.38% | ▼ −0.80% | $18.54 (−17.64%) |
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Jun 3, 2026
11d ago
|
Insider Cluster
| $22.51 $21.75 | ▼ −3.38% | ▼ −0.80% | $18.54 (−17.64%) |
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Jun 3, 2026
11d ago
|
Insider Cluster
| $22.51 $21.75 | ▼ −3.38% | ▼ −0.80% | $18.54 (−17.64%) |
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Jun 3, 2026
11d ago
|
Insider Cluster
| $22.51 $21.75 | ▲ +3.38% | ▲ +0.80% | $18.54 (+17.64%) |
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May 21, 2026
24d ago
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Insider Cluster
| $22.71 $21.96 | ▼ −3.30% | ▼ −3.89% | $18.54 (−18.36%) |
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May 20, 2026
25d ago
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Insider Cluster
| $21.59 $22.71 | ▲ +5.19% | ▲ +4.74% | $18.54 (−14.13%) |
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Feb 25, 2026
15w ago
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Insider Cluster
| $31.24 $30.22 | ▼ −3.27% | ▼ −2.72% | $18.54 (−40.65%) |
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Feb 23, 2026
16w ago
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Insider Cluster
| $24.75 $27.43 | ▲ +10.83% | ▲ +10.09% | $18.54 (−25.09%) |
US Market Status
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