Figma Insider Sell‑Off: CEO Amjad Offloads 4.76M Shares Amid AI Partnership Buzz, Investors Brace for Volatility Shift

Insider Activity at Figma Inc. Highlights a Strategic Shift in Shareholding

The most recent filing from owner Hamid Mamoon Amjad shows a sizeable sale of 4,763,981 Class A shares on February 25, 2026—just two days after a high‑profile partnership with OpenAI that integrated Codex into Figma’s design platform. The transaction, executed at a price near $29.39 per share, represents a 21.5 % weekly rally for the stock and a 0.07 % increase on the day of the trade. The sale was accompanied by a social‑media sentiment score of +50 and an unusually high buzz of 71.83 %, indicating that investors and analysts are actively discussing the implications of the deal and the insider movement.

What the Sale Says About Confidence in the Company

Amjad’s divestment is not an isolated event. Over the past year, several senior executives—including the Chief Revenue Officer, Chief Technology Officer, and several board members—have executed both purchases and sales, with a net trend toward modest selling. This pattern may signal that insiders are rebalancing their portfolios amid uncertainty over Figma’s long‑term moat. The company’s price‑earnings ratio of –7.03 and a 74.55 % decline over the year further underscore the cautious tone. Nonetheless, the recent partnership with OpenAI and the accompanying stock price uptick suggest that insiders see strategic upside from AI integration, even if they are tightening exposure to the stock’s volatility.

Implications for Investors and the Road Ahead

For investors, the insider activity should be read as a signal of both risk and opportunity. The large sell order from Amjad could be interpreted as a liquidity move or a confidence check, but the concurrent high buzz and positive sentiment hint that the market is weighing the potential of AI‑powered design workflows. Analysts have noted that Figma’s competitive moat may not be as robust as once thought, but the partnership with OpenAI could enhance its product differentiation and attract a new customer base that values integrated code‑design tools.

In practical terms, the recent insider transactions suggest a short‑term correction could follow if the market digests the insider selling. However, the strategic narrative—AI integration, cross‑functional collaboration, and the company’s substantial $12.9 billion market cap—provides a foundation for a potential rebound. Investors should monitor subsequent quarterly earnings, the performance of the Codex integration, and any further insider moves, as these will likely determine whether Figma can translate its strategic ambitions into sustainable shareholder value.