Form 4: FIGR CEO Sells Shares for Tax Obligations

Figure Technology Solutions CEO Michael Tannenbaum sold over 900,000 shares of Class A Common Stock on November 18, 2025, primarily to cover tax obligations from vested restricted stock units.

Summary

• Michael Benjamin Tannenbaum, Chief Executive Officer and Director of Figure Technology Solutions, Inc. (FIGR), reported multiple sales of Class A Common Stock.
• The transactions occurred on November 18, 2025.
• A total of 908,000 shares of Class A Common Stock were sold across four separate transactions.
• The sales were executed at weighted average prices ranging from $38.4181 to $41.117 per share.
• The primary purpose of these sales was to satisfy the reporting person's tax liability on the vesting of restricted stock units.
• Following these transactions, Michael Tannenbaum beneficially owns 3,921,366 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The sales are explicitly stated to cover tax liabilities arising from the vesting of restricted stock units, which is a common and often neutral event for executives and does not necessarily indicate a change in company outlook.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: The sale of shares by a CEO, even for tax purposes, could lead to minor negative sentiment, but the stated reason mitigates concerns about a lack of confidence in the company's future.

Key Dates

Recommendation

The reported transactions are sales of Class A Common Stock by the CEO to cover tax liabilities associated with the vesting of restricted stock units. This is a common and often pre-planned event for executives and does not typically signal a change in the company's fundamentals or management's long-term outlook. Therefore, it does not provide a strong basis for altering an existing investment position.

Keywords

Figure Technology Solutions, FIGR, Michael Tannenbaum, Insider Trading, Form 4, Stock Sale, CEO, Restricted Stock Units, Tax Liability