Several top Figma executives, including the Chief Financial Officer, Chief Technology Officer, and General Counsel, recently sold significant amounts of company stock. CFO Praveer Melwani sold shares totaling over $442,000. CTO Kris Rasmussen sold stock valued at more than $530,000. These transactions were disclosed on January 7, 2026.
Company filings indicate many of the sales covered tax withholding obligations related to the vesting of restricted stock units. These were not discretionary decisions. Some sales were also executed as part of pre-arranged Rule 10b5-1 trading plans.
The news of the insider sales surfaced concurrently with RBC Capital lowering its price target for Figma. The firm reduced the target from $65 to $38. RBC based its reasoning on a reassessment of the broader software sector and the expected impact of artificial intelligence.