SCHEDULE: DCM Funds & Directors Report 9.5% Stake in Figure Tech

DCM Opportunity Fund III, Figure Investments, and associated directors have reported beneficial ownership of 9.5% of Figure Technology Solutions, Inc.'s Class A Common Stock.

Summary

• DCM Opportunity Fund III, L.P., DCM Opportunity Fund Investment Management III, L.P., and DCM Opportunity Fund International III, Ltd. each beneficially own 201,309 shares, representing 0.1% of Figure Technology Solutions, Inc.'s Class A Common Stock.
• Figure Investments, LLC, DCM Ventures China Fund (DCM VIII), L.P., DCM Investment Management VIII, L.P., and DCM International VIII, Ltd. each beneficially own 16,456,952 shares, representing 9.4% of Figure Technology Solutions, Inc.'s Class A Common Stock.
• Matthew C. Bonner, Andre G. Levi, and F. Hurst Lin, as directors of the ultimate general partners, are deemed to have shared voting and dispositive power over an aggregate of 16,658,261 shares, which constitutes 9.5% of the Class A Common Stock.
• The percentage ownership is calculated based on 174,853,649 shares of Class A common stock outstanding as of September 30, 2025, as reported in the Issuer's Form 10-Q filed on November 13, 2025.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that inherently indicates a positive or negative sentiment regarding the company's performance or prospects. It is a neutral, compliance-driven report.

Positives

• Increased transparency regarding significant institutional ownership in Figure Technology Solutions, Inc.
• The aggregation of shares under key individuals (Bonner, Levi, Lin) indicates a consolidated interest from the DCM-affiliated funds.

Negatives

• No specific negative information is contained within this Schedule 13G filing, which is a routine ownership disclosure.

Risks

• The complex ownership structure involving multiple funds and general partners (DCM Opportunity III, GP Opportunity III, UGP Opportunity III, Figure SPV, DCM VIII, GP VIII, UGP VIII) could make it challenging to fully ascertain ultimate control or influence over the shares.
• Potential for future changes in beneficial ownership by these entities, which could impact market perception or share price.

Future Outlook

NA

Industry Context

This filing reflects a significant institutional stake in Figure Technology Solutions, Inc., a company operating in the financial technology sector. Such disclosures are common for venture capital or private equity firms taking positions in publicly traded or soon-to-be public companies. The 9.5% stake suggests a notable, but passive, investment position by the DCM-affiliated funds.

Comparison to Industry Standards

• NA

Related Party Transactions

• The filing details a complex web of related entities (DCM Opportunity Fund III, DCM Opportunity Fund Investment Management III, DCM Opportunity Fund International III, Figure Investments, DCM Ventures China Fund (DCM VIII), DCM Investment Management VIII, DCM International VIII, Side Fund VIII, Affiliates Fund VIII) and individuals (Matthew C. Bonner, Andre G. Levi, F. Hurst Lin) that collectively hold and control the reported shares. These entities are under common control, and the individuals serve as directors or general partners within this structure, indicating related party dealings in terms of beneficial ownership and control.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake (9.5%) by DCM-affiliated funds could be viewed positively, signaling confidence from sophisticated investors. It also provides transparency regarding major ownership interests.
• Management: Awareness of a substantial institutional shareholder group may influence strategic decisions or engagement with the investor base.

Key Dates

Keywords

Figure Technology Solutions, DCM Opportunity Fund, DCM Ventures China Fund, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Schedule 13G, Equity Stake