Shaunt Voskanian, who serves as the Chief Revenue Officer at Figma Inc. (NASDAQ: FIG), executed a series of stock sales on June 3, 2026, resulting in proceeds of approximately $2.01 million. These transactions involved the disposition of Class A Common Stock and were facilitated under a Rule 10b5-1 trading plan that Voskanian adopted on August 6, 2025.
The divestment activity comprised two distinct blocks of shares. In the initial transaction, Voskanian sold 67,229 shares at a weighted average price of $22.7479 per share. The individual sale prices within this block ranged from $22.32 to $23.23. Subsequently, a second transaction occurred involving the sale of 20,281 shares at a weighted average price of $23.8859 per share, with prices for this block ranging from $23.48 to $23.90. In total, Voskanian disposed of 87,510 shares of Figma Class A Common Stock. Following these transactions, Voskanian’s direct ownership of the company stands at 1,781,380 shares.
This insider sale occurs against a backdrop of significant price volatility for Figma’s stock. Over the past week, the stock has declined by 11.7%, while over the past year, it has plunged by 80.5%. Despite this downward trajectory, analysis suggests that the stock may currently be undervalued relative to its Fair Value, positioning it among companies on the most undervalued list. The company maintains impressive gross profit margins of nearly 80% and has demonstrated strong revenue growth of 41%.
Broader corporate developments have also marked recent periods for Figma. The company reported first-quarter results that exceeded expectations and included raised guidance. Revenue growth reached 46% year-over-year, with net dollar retention hitting 139%, the highest level recorded in over two years. However, analyst sentiment presents a mixed outlook. Piper Sandler lowered its price target for Figma to $30, citing margin pressure. Similarly, Stifel reduced its price target to $25, pointing to uncertainties surrounding artificial intelligence. Oppenheimer maintained a Perform rating on the stock, highlighting Figma’s strong business profile as a top-tier software company.
Additional insider activity includes CEO Dylan Field, who sold $4.36 million worth of Class A common stock through the Field 2024 GRAT Remainder Trust, according to a recent SEC filing. Corporate governance and operational efficiency are also under scrutiny, as Findell Capital Management has urged Figma to streamline operations and review its board governance following the launch of a competing product by Anthropic. These developments indicate significant activity surrounding Figma, impacting both its financial outlook and corporate governance.
The intersection of insider trading, valuation metrics, and analyst forecasts underscores the complex dynamics influencing Figma’s market position. The company’s strong financial performance contrasts with shareholder concerns and analyst caution, reflecting the broader challenges faced by software firms in a competitive landscape.