Form 4: Figure Tech CFO Sells Shares Under 10b5-1 Plan

Figure Technology Solutions, Inc.'s Chief Financial Officer, Minchung Kgil, reported the sale of 132,994 shares of Class A Common Stock in pre-scheduled transactions.

Summary

• Minchung Kgil, Chief Financial Officer of Figure Technology Solutions, Inc. (FIGR), reported multiple sales of Class A Common Stock.
• The transactions occurred on December 2, 2025, and December 3, 2025.
• A total of 132,994 shares were sold across four separate transactions.
• On December 2, 2025, 61,041 shares were sold at a weighted average price of $34.8703, leaving 656,108 shares beneficially owned.
• Also on December 2, 2025, an additional 38,959 shares were sold at a weighted average price of $35.4327, reducing beneficial ownership to 617,149 shares.
• On December 3, 2025, 31,094 shares were sold at a weighted average price of $35.0276, resulting in 586,055 shares beneficially owned.
• A further 1,900 shares were sold on December 3, 2025, at a weighted average price of $35.5021, bringing the total beneficially owned to 584,155 shares.
• Some of the shares sold were to satisfy the reporting person's tax liability on the vesting of restricted stock units.
• All reported transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a CFO selling shares can sometimes be viewed negatively, the explicit mention of a Rule 10b5-1 plan and sales for tax liability significantly mitigates concerns about opportunistic selling, indicating planned financial management rather than a lack of confidence in the company.

Positives

• The transactions were executed under a Rule 10b5-1 plan, indicating they were pre-scheduled and not based on current material non-public information, which demonstrates adherence to corporate governance best practices.
• A portion of the sales was explicitly stated to satisfy tax liabilities on the vesting of restricted stock units, a common and expected reason for insider sales.

Negatives

• The Chief Financial Officer reduced their direct ownership stake in the company by a significant number of shares (132,994 shares).

Risks

• Despite being pre-planned and partially for tax purposes, any insider selling by a key executive like the CFO could potentially lead to minor negative investor sentiment or questions regarding management's long-term confidence, though this is mitigated by the 10b5-1 plan.

Future Outlook

This filing is a report of insider transactions and does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

Insider transaction reports like this Form 4 are standard disclosures in the financial industry, providing transparency into executive stock ownership changes. The use of a Rule 10b5-1 plan is a common practice among executives to manage personal finances while adhering to insider trading regulations, particularly in the technology and financial services sectors where equity compensation is prevalent.

Stakeholder Impact

• Shareholders: May observe a reduction in direct ownership by a key executive, but the pre-planned nature of the sales under a 10b5-1 plan and tax-related reasons should temper any significant negative interpretation.

Key Dates

Keywords

Figure Technology Solutions, FIGR, Insider Trading, Form 4, Stock Sale, CFO, Rule 10b5-1 Plan, Equity Sales, Restricted Stock Units