Figma CFO Praveer Melwani sells $1.06m in stock

Praveer Melwani, Chief Financial Officer and Treasurer of Figma, Inc. (FIG), sold 40,000 shares of the company’s Class A Common Stock on August 4, 2026, for a total value of approximately $1,065,314. The shares were sold at weighted average prices ranging from $25.4377 to $26.9566.

The transactions were executed under a Rule 10b5-1 trading plan, which Mr. Melwani adopted on August 5, 2025, and subsequently modified on February 27, 2026. The sales comprised three blocks: 2,900 shares at a weighted average price of $25.4377, 12,900 shares at $26.2942, and 24,200 shares at $26.9566. The actual prices for individual shares sold within these blocks ranged from $24.65 to $27.28.The insider sale comes as Figma’s stock has surged 18.5% over the past week, though the shares currently trade at $23.97, below the selling prices. According to InvestingPro analysis, the stock appears slightly overvalued relative to its Fair Value. Analysts predict the company will be profitable this year despite losses over the last twelve months, one of several key insights available in Figma’s comprehensive Pro Research Report.

Following these sales, Mr. Melwani directly holds 1,674,544 shares of Figma’s Class A Common Stock. Additionally, 118,363 shares are indirectly held by APM33, LLC, an entity of which Mr. Melwani is a manager.

In other recent news, Figma reported its second-quarter 2026 earnings, surpassing Wall Street expectations. The company achieved earnings of 8 cents per share on revenue of $370 million, which exceeded analyst projections of 4 cents per share and $351.3 million in revenue. This marks a 48% increase in revenue compared to the previous year. Additionally, Figma raised its full-year sales outlook, indicating a positive adjustment in their financial forecasts. Despite these strong results, the company’s stock experienced a decline in after-hours trading, possibly due to investor concerns regarding near-term guidance and the monetization pace of its new AI products. The earnings report highlighted that this was the third consecutive quarter of accelerating year-over-year growth for Figma.