Director Andrew Phillips Reed buys $22.2 million of Figma, Inc. (FIG)

Andrew Phillips Reed, director of Figma, Inc., bought 912,749 shares on the open market on February 23, 2026 at an average of $24.30 a share, for a total of $22.2 million. The purchase was reported to the SEC on Form 4 on February 24, 2026.

It raised their holding by 165%, to 1,466,852 shares.

The purchase came after a fall: Figma, Inc. stock was down 30.3% over the 13 weeks before.

Andrew Phillips Reed last bought FIG on February 20, 2026.

In the 12 months up to this filing, Figma, Inc. insiders reported 2 open-market purchases and 4 sales.

WallStPal Score: 62 out of 100, because of raised their holding by 165%; a large purchase; the stock had fallen 30.3% in the 13 weeks before.

What happened next: after 1 month the stock was down 2.4% (3.5 points better than the S&P 500); after 3 months the stock was up 4.9% (4.8 points worse than the S&P 500); after 6 months the stock was up 11.5% (0.4 points better than the S&P 500). Based on weekly prices from the week of the purchase.

Our read

This one purchase is 61% of all insider buying at FIG in the past year, the first open-market purchase by Andrew Phillips Reed in our records, made after a 30.3% fall in 13 weeks, a setup where insider buying has historically mattered most. Insiders buy for many reasons and can be wrong; one purchase is a reason to look closer, not a reason to buy.

Source: SEC Form 4 filing ↗. This story was written automatically from the filing and weekly price data. Information, not investment advice.

Examples

Big insider purchases have made news before. In January 2016, with bank stocks falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares, about $26 million of his own money, and the purchase was widely reported as a sign of confidence.

Explain it like I'm 13

Andrew Phillips Reed helps run Figma, Inc.. Spending $22.2 million of their own money on the company's stock is like a coach buying a big stack of tickets to their own team's games: it suggests they think the team will do well. It is not a promise, and insiders can be wrong.

More: all FIG insider trades · Andrew Phillips Reed's track record