Figma CTO Sells $5.3M in Shares

Kris Rasmussen, the Chief Technology Officer of Figma, has sold over 179,000 shares of the company's stock.

Mar. 5, 2026 at 11:07pm by Ben Kaplan

Got story updates? Submit your updates here. ›

Kris Rasmussen, the Chief Technology Officer of Figma, Inc. (NYSE:FIG), has sold 179,331 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $29.80, for a total value of $5,344,063.80. Following the sale, Rasmussen still owns 10,169,178 shares in the company, valued at $303,041,504.40.

Why it matters

Insider selling can sometimes be a signal of a company's future performance, as executives may sell shares for a variety of reasons. However, it's important to note that insiders often sell shares for personal financial reasons and that a single transaction does not necessarily indicate a broader trend.

The details

The transaction represents a 1.73% decrease in Rasmussen's position in Figma. The sale was disclosed in a legal filing with the SEC. Rasmussen has made several other recent sales of Figma stock, including transactions on February 25th, February 10th, February 2nd, January 5th, and January 2nd.

  • The transaction occurred on Tuesday, March 3rd, 2026.
  • Rasmussen also made sales on February 25th, February 10th, February 2nd, January 5th, and January 2nd of 2026.

The players

Kris Rasmussen

The Chief Technology Officer of Figma, Inc.

Figma, Inc.

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

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This insider selling transaction highlights the ongoing volatility and uncertainty surrounding Figma's stock performance, as the company navigates a challenging market environment and faces increased competition in the design software space.