Thousands of Figma Inc. (NYSE:FIG) employees who spent a decade building the design software giant officially saw their paper fortunes evaporate this week as the company's 180-day post-IPO lock-up period expired, leaving staff to liquidate shares at a fraction of their peak value.

The Great Reset

The expiration of the lock-up period on Jan. 27 marked a somber milestone for the San Francisco-based firm.

While Figma's July 2025 debut was viewed as one of the hottest tech offerings of the year, surging 250% on its first day to reach a staggering $143.45 per share, the subsequent six months have been a relentless downward slide.

As of Feb. 4 close, the stock is trading at $22.51 apiece—an 80.51% drop from its all-time high and significantly below its $33 IPO price.

For many early employees, the 180-day waiting period acted as a legal barrier to life-changing wealth. “Imagine being a Figma employee who waited a decade for the IPO only ...