SaaScalypse Confirmed in SEC Filings: Figma Cites Agentic AI as Business Threat While CEO Publicly Says 'Excited'

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SEC filing analysis reveals a sharp gap between Figma CEO Dylan Field's public enthusiasm for agentic AI and the company's regulatory filings, which explicitly identify it as a direct business threat. This tension — acknowledging existential AI risk in legal documents while projecting optimism to markets — is becoming the defining corporate contradiction of 2026. The 'SaaScalypse' framing is gaining traction as analysts and investors scan SEC filings for the candid AI risk disclosures CEOs avoid saying publicly.