Figma, Inc. (NASDAQ:FIG) Chief Accounting Officer Herb Tyler carried out a sale of 1,492 shares of the company’s Class A common stock on February 26, 2026, at a transaction price of $32.00 per share, producing total proceeds of $47,744. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission and was executed pursuant to a Rule 10b5-1 trading plan that Tyler adopted on August 5, 2025.
The sale was formally authorized by Brendan Mulligan, who signed the filing on March 2, 2026 in his role as Attorney-in-Fact. After completing the sale, Tyler directly holds 192,942 shares of Figma.
At the time of the filing, Figma’s shares were trading at $29.29, reflecting a year of difficult performance for the stock. Over the prior 12 months the shares had fallen approximately 75%.
Financial backdrop
Figma reported fourth-quarter revenue of $303.8 million, a 40% increase year-over-year, and posted adjusted earnings per share of $0.08, beating the consensus estimate of $0.06. The company’s fiscal 2026 revenue guidance calls for roughly 30% year-over-year growth, which the company says is about seven percentage points higher than consensus expectations.
Despite the top-line growth and the adjusted EPS beat, Figma remains unprofitable on a trailing-twelve-month basis, with a reported loss of $3.71 per share over that period. Published analyst data referenced in the company materials indicate that some analysts expect the firm to reach profitability this year.
Analyst reactions and valuation notes
Market watchers have reacted to the latest results and guidance in different ways. Stifel lowered its price target to $30 while keeping a Hold rating, citing concerns about AI margins. RBC Capital cut its target to $31 and assigned a Sector Perform rating, pointing to valuation as a concern. In contrast, Piper Sandler maintained an Overweight rating and held a $35 price target, noting the company’s revenue and operating income beats in the fourth quarter and highlighting guidance and expanded platform adoption tied to AI integration as positive contributors.
Context and limitations
The insider sale was carried out under a pre-arranged trading plan, which is commonly used by executives to schedule transactions in advance. The Form 4 filing documents the mechanics and timing of the sale; it does not state any additional motive for the transaction beyond its execution under the plan. The company’s recent financial results show momentum in revenue and adjusted earnings, but the contrasting analyst moves and the share price decline over the last year underscore market uncertainty about margins and valuation.
Investors and market participants will be watching how profitability expectations and AI-related margin dynamics evolve through fiscal 2026 relative to current consensus estimates.