New York, Feb 26, 2026, 09:35 EST — Regular session
- Figma shares pulled back at the open, following two straight sessions of double-digit jumps.
- Insider filings revealed a hefty buy from one director, while another filing flagged planned share sales.
- Investors are eyeing if the post-earnings bounce sticks around heading into the next catalyst.
Figma Inc (NYSE:FIG) slipped 0.9% to $30.96 in early Thursday moves, paring some gains after the stock’s strong bounce from its recent lows.
Figma’s stock has behaved like a mood ring ever since its IPO—last summer, it hit almost $143 before plunging under $20 this month. Traders haven’t missed a beat, snapping up any whiff of news on either the demand or supply sides.
This week’s rally has pulled insider activity into focus again, as filings point to new purchases and paperwork related to possible sales. On their own, though, neither set of moves tells the whole story.
Figma shares jumped 13.9% on Wednesday, adding to Tuesday’s 10.8% gain, per Investing.com historical data. Trading volume surged, topping typical daily levels.
Director Andrew Reed snapped up 554,103 shares on Feb. 20, paying an average of roughly $25.90 apiece, according to a Form 4 filed Tuesday. Reed didn’t stop there—he picked up more stock on Feb. 23, this time closer to $24 per share. The Form 4, a standard insider-trading disclosure, can be read .
Another disclosure pointed to possible supply. Figma’s investor relations page showed a Feb. 25 Form 144—this is just a notice under SEC Rule 144 signaling a planned sale of restricted or control stock, not confirmation of an actual sale.
Last week’s results are still setting the tone. Figma posted fourth-quarter revenue of $303.8 million, marking 40% growth over the prior year, and net dollar retention pushed up to 136%. CEO Dylan Field called 2025 “a massive year.” CFO Praveer Melwani pointed to the company’s “flexibility to continue investing in AI.” Figma
Figma is gearing up for a shift in its pricing model. Beginning in March, the company plans to roll out a hybrid structure—adding AI credits and usage-based fees for power users—as it doubles down on AI features and looks to outpace competitors like Adobe.
Bulls have something to watch: that relief rally after earnings could hit a wall if fresh share supply appears. Add in rising AI costs and tougher competition—both can sting, particularly if customers resist when pricing shifts.
All eyes now turn to Figma’s upcoming earnings—scheduled for May 14—where investors will be looking for evidence that revenue and margins are staying intact as the company’s new pricing takes effect across renewals.
