Kris Rasmussen’s sale under a Rule 10b5-1 plan reduces holdings but retains 9.5 million shares in the design software firm.
Figma Chief Technology Officer Kris Rasmussen sold 261,000 shares at $25.07 each on July 29, 2026, generating $6.6 million, according to an SEC filing. The transaction was executed under a Rule 10b5-1 trading plan established in August 2025, designed to address personal liquidity needs without signaling market timing.
Following the sale, Rasmussen retains approximately 9.5 million shares, maintaining a minimal ownership stake. Figma, which offers browser-based design tools, reported $1.2 billion in trailing-twelve-month revenue but posted a $1.5 billion net loss. The company operates on a subscription-based SaaS model.