This is considered 'bad' for Figma because they left money on the table
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.