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 | ||||
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Jun 3, 2026
1d ago
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Insider Cluster
| $22.77 awaiting T+5 | awaiting T+5 | — | $21.83 (−4.11%) |
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Jun 3, 2026
1d ago
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Insider Cluster
| $22.77 awaiting T+5 | awaiting T+5 | — | $21.83 (−4.11%) |
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Jun 3, 2026
1d ago
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Insider Cluster
| $22.77 awaiting T+5 | awaiting T+5 | — | $21.83 (−4.11%) |
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Jun 3, 2026
1d ago
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Insider Cluster
| $22.77 awaiting T+5 | awaiting T+5 | — | $21.83 (−4.11%) |
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Jun 3, 2026
1d ago
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Insider Cluster
| $22.77 awaiting T+5 | awaiting T+5 | — | $21.83 (+4.11%) |
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May 21, 2026
14d ago
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Insider Cluster
| $22.71 $27.12 | ▲ +19.42% | ▲ +17.74% | $21.83 (−3.87%) |
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May 20, 2026
15d ago
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Insider Cluster
| $21.59 $23.46 | ▲ +8.66% | ▲ +7.06% | $21.83 (+1.11%) |
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Feb 25, 2026
14w ago
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Insider Cluster
| $31.24 $29.64 | ▼ −5.12% | ▼ −4.02% | $21.83 (−30.12%) |
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Feb 23, 2026
14w ago
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Insider Cluster
| $24.75 $29.29 | ▲ +18.34% | ▲ +17.73% | $21.83 (−11.80%) |
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Feb 23, 2026
14w ago
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Insider Cluster
| $24.75 $29.29 | ▲ +18.34% | ▲ +17.73% | $21.83 (−11.80%) |
US Market Status
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