Strategic move on a bull market.
With the return of meme stocks [1] and crypto [2], expect more SPAC style IPOs next, we are in the AI speculative period, brace for a crash in 2-5yrs [3].
This is considered 'bad' for Figma because they left money on the table
nothercastle · 13h ago
Yeah they left a lot of money on the table if it tripled. Its like selling your house for 1/3 of its value
mandeepj · 12h ago
Yes and No! They didn’t sell of the company.
nothercastle · 11h ago
Well they did sell a portion of It that’s essentially what stocks are supposed to be.
canucker2016 · 11h ago
plus the six month lockup period starts now.
Figma employees gotta hope that end of 2026 January sees the stock price at a similar level or higher, or at least high enough to make a profit.
Sohcahtoa82 · 10h ago
I'd buy some Put options if I was a Figma employee. Buy them out-of-the-money enough that the premiums are relatively inexpensive.
As of right now, it's trading at $138/share, though options aren't available yet, at least on RH. But I'd probably buy a $100 Put option expiring in January. I'd expect that's enough out of the money to balance the premiums versus risk.
blerb795 · 4h ago
I can't speak to their specific policies, but employees are often prohibited from trading in derivatives on company stock (and are regardless subject to open trading windows, which sometimes do not open until after the lockup has expired)
robocat · 57m ago
Plus although the finances might balance out, it takes extra care to ensure taxation isn't unbalanced (or other risks).
[1] https://news.ycombinator.com/item?id=44662427
[2] https://www.tradingview.com/news/invezz:91bb28859094b:0-here...
[3] https://news.ycombinator.com/item?id=44741151
Figma employees gotta hope that end of 2026 January sees the stock price at a similar level or higher, or at least high enough to make a profit.
As of right now, it's trading at $138/share, though options aren't available yet, at least on RH. But I'd probably buy a $100 Put option expiring in January. I'd expect that's enough out of the money to balance the premiums versus risk.