Figma Hits New 52-Week Low on Insider Selling

Shares of the design software company fall as executives sell stock

Published on Feb. 5, 2026

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Figma, Inc. (NYSE:FIG) hit a new 52-week low on Thursday after multiple senior executives, including the General Counsel, Chief Revenue Officer, and Chief Financial Officer, sold shares of the company's stock at an average price of $24.86 per share. The insider selling, which was disclosed in SEC filings, has been perceived negatively by investors and contributed to the stock's decline.

Why it matters

Insider selling can be a concerning signal for investors, as it may indicate that company insiders believe the stock is overvalued or that they lack confidence in the company's future prospects. The timing and volume of these insider sales have raised questions about Figma's short-term outlook, even as the company continues to push forward with product innovations like its 'Weave' AI capabilities.

The details

In three separate transactions on February 2nd, General Counsel Brendan Mulligan sold 7,671 shares, Chief Revenue Officer Shaunt Voskanian sold 3,828 shares, and Chief Financial Officer Praveer Melwani sold 16,247 shares of Figma stock. The total value of the insider sales was approximately $690,000. Following the transactions, Mulligan still owns 855,716 shares, Voskanian owns 1,588,735 shares, and Melwani owns 1,550,298 shares in the company.

  • On February 2nd, 2026, multiple Figma executives sold shares of the company's stock.

The players

Figma, Inc.

A San Francisco-based software company that offers a web-based platform for interface design, prototyping, and collaboration.

Brendan Mulligan

The General Counsel of Figma, Inc.

Shaunt Voskanian

The Chief Revenue Officer of Figma, Inc.

Praveer Melwani

The Chief Financial Officer of Figma, Inc.

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The takeaway

The insider selling at Figma has raised concerns among investors about the company's short-term prospects, even as it continues to innovate and expand its product offerings. The timing and volume of the sales by multiple senior executives have contributed to the stock's decline, highlighting the importance of closely monitoring insider trading activity when evaluating a company's outlook.