Figma CFO Praveer Melwani sold 53,624 shares between November 3-12, including 14,532 shares on November 10 at $43.47, totaling about $2.42 million in sales.
CRO Shaunt Voskanian sold 403,335 shares on November 10 at $43.39 per share, reducing his stake by nearly 20% in a transaction worth approximately $17.5 million.
Figma stock dropped 7.7% to $40.60, trading near its 12-month low of $40.02, down from a high of $142.92.
The company beat earnings expectations with $0.10 EPS versus a consensus estimate of -$1.56, while revenue reached $274.17 million, up 38% year-over-year.
Multiple institutional investors initiated large positions in Q3, including Baillie Gifford with $154.2 million and SurgoCap Partners with $120.2…
