FIG
SHORTINSIDER SELL13D FILEDFIGMA INC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NegativeFigma delivered strong operational execution with accelerating revenue growth (48% YoY in Q2) and raised full-year guidance to 39% growth, while achieving profitability on a non-GAAP basis with robust 136% NDR. However, severe insider selling (117 sales vs. 3 purchases over 6 months), a board member's departure citing competitive AI threats from Anthropic, stock down 46% YTD amid AI disruption concerns, and high SBC-driven GAAP losses create meaningful headwinds despite operational strength.
Red flags
- •Severe net insider selling: 117 sales vs. 3 purchases in 6 months leading to April 2026; CTO sold ~261k shares
- •Board member Mike Krieger departed April 14, 2026 after Anthropic announced competing design tools in upcoming model
- •Stock down 46% YTD and 85% from 52-week high ($142.92 to ~$25 by July 2026) despite revenue beat and guidance raise
- •GAAP operating loss of $117.3M in Q2 2026 and $137.4M in Q1 2026 despite non-GAAP profitability; high stock-based compensation burden
- •AI monetization model still nascent with pricing power uncertain; management flagging ongoing margin pressure from AI infrastructure investments
Funds Reducing / Exiting (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Viking Global | Andreas Halvorsen | 0 | −5.8M | — | 0.6% | -100% | EXITED |
| Dragoneer | Marc Stad | 0 | −431K | — | 0.4% | -100% | EXITED |
| Durable Capital Partners | Henry Ellenbogen | 0 | −1.7M | — | 0.6% | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter. % of Fund is the prior-quarter position size — how much of the book was sold down.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Rimer Daniel H. | — | SELL | 12K | $25.39 | $0.32M | 2026-08-10 | ↗ |
| Index Ventures VI (Jersey) LP | — | SELL | 12K | $25.39 | $0.32M | 2026-08-10 | ↗ |
| Voskanian Shaunt | Chief Revenue Officer | SELL | 30K | $27.91 | $0.84M | 2026-08-05 | ↗ |
| Voskanian Shaunt | Chief Revenue Officer | SELL | 1K | $25.42 | $0.03M | 2026-08-04 | ↗ |
| Voskanian Shaunt | Chief Revenue Officer | SELL | 4K | $26.30 | $0.11M | 2026-08-04 | ↗ |
| Voskanian Shaunt | Chief Revenue Officer | SELL | 8K | $26.96 | $0.21M | 2026-08-04 | ↗ |
| Herb Tyler | Chief Accounting Officer | SELL | 709 | $26.00 | $0.02M | 2026-08-04 | ↗ |
| Rasmussen Kris | Former Chief Technology Off. | SELL | 196K | $25.53 | $5.01M | 2026-08-04 | ↗ |
| Melwani Praveer | CFO and Treasurer | SELL | 3K | $25.44 | $0.07M | 2026-08-04 | ↗ |
| Melwani Praveer | CFO and Treasurer | SELL | 13K | $26.29 | $0.34M | 2026-08-04 | ↗ |
| Melwani Praveer | CFO and Treasurer | SELL | 24K | $26.96 | $0.65M | 2026-08-04 | ↗ |
| Herb Tyler | Chief Accounting Officer | SELL | 2K | $26.00 | $0.04M | 2026-08-03 | ↗ |
| Rasmussen Kris | Chief Technology Officer | SELL | 261K | $25.07 | $6.55M | 2026-07-29 | ↗ |
| Melwani Praveer | CFO and Treasurer | SELL | 381K | $25.13 | $9.58M | 2026-07-29 | ↗ |
| Mulligan Brendan | General Counsel and Secretary | SELL | 18K | $25.00 | $0.46M | 2026-07-29 | ↗ |
| Voskanian Shaunt | Chief Revenue Officer | SELL | 11K | $23.92 | $0.27M | 2026-07-14 | ↗ |
| Melwani Praveer | CFO and Treasurer | SELL | 30K | $20.48 | $0.62M | 2026-07-06 | ↗ |
| Voskanian Shaunt | Chief Revenue Officer | SELL | 9K | $20.62 | $0.18M | 2026-07-06 | ↗ |
| Voskanian Shaunt | Chief Revenue Officer | SELL | 67K | $22.75 | $1.53M | 2026-06-03 | ↗ |
| Voskanian Shaunt | Chief Revenue Officer | SELL | 20K | $23.89 | $0.48M | 2026-06-03 | ↗ |
| Melwani Praveer | CFO and Treasurer | SELL | 82K | $22.75 | $1.87M | 2026-06-03 | ↗ |
| Melwani Praveer | CFO and Treasurer | SELL | 2K | $23.69 | $0.04M | 2026-06-03 | ↗ |
| Herb Tyler | Chief Accounting Officer | SELL | 2K | $26.40 | $0.05M | 2026-06-01 | ↗ |
| Field Dylan | President & CEO | SELL | 174K | $25.02 | $4.37M | 2026-05-29 | ↗ |
| Mulligan Brendan | General Counsel and Secretary | SELL | 19K | $25.04 | $0.47M | 2026-05-19 | ↗ |
| Rasmussen Kris | Chief Technology Officer | SELL | 327K | $25.07 | $8.20M | 2026-05-19 | ↗ |
| Herb Tyler | Chief Accounting Officer | SELL | 669 | $23.79 | $0.02M | 2026-05-18 | ↗ |
| Index Ventures VI (Jersey) LP | — | SELL | 12K | $24.36 | $0.30M | 2026-05-18 | ↗ |
| Rimer Daniel H. | — | SELL | 12K | $24.36 | $0.30M | 2026-05-18 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| ICONIQ Strategic Partners VII, L.P. | SC 13G/A | 1.7M | 0.4% | 2026-02-17 | ↗ |
| Dylan Field | SC 13D/A | 84.6M | 16.9% | 2026-01-16 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.