Figma's Post-IPO Lock-Up Period Set to Expire on January 27th

Figma's post-IPO lock-up period ends Tuesday, January 27th. This allows company insiders and major shareholders to sell their shares.

Following the expiration, 36,937,080 shares become eligible for trading. These shares originated from the July 31st initial public offering. The IPO was priced at $33.00 per share.

Insiders sold 5,504,322 shares over the past three months, ahead of the lock-up expiration. Sales included CEO Dylan Field and CRO Shaunt Voskanian.

The increased supply of shares could exert downward pressure on the stock price.