Form 4: Figure Tech Director Sells Shares After Conversion

Figure Technology Solutions Director and 10% owner Michael Scott Cagney sold 200,058 shares of Class A Common Stock on December 10, 2025, following a conversion of Class B shares.

Summary

• Michael Scott Cagney, a Director and 10% owner of Figure Technology Solutions, Inc., reported transactions on December 10, 2025.
• Cagney converted 200,058 shares of Class B Common Stock into an equal number of Class A Common Stock.
• Subsequently, 200,058 shares of Class A Common Stock were sold in multiple transactions.
• The sales were executed at weighted average prices of $38.6947, $39.6233, and $40.084.
• The sales were made to satisfy tax liability on the vesting of restricted stock units.
• Following these transactions, Cagney directly holds 0 Class A Common Stock and 30,105,295 Class B Common Stock.
• Indirect holdings include 6,128,993 Class A Common Stock by spouse and significant Class B holdings through various trusts and an LLC.

Sentiment

Score: 5

Explanation: The sale of shares by a director and 10% owner is a significant transaction. However, the stated reason for the sale is to cover tax liabilities on vested restricted stock units, which is a common and often pre-planned event, mitigating the negative sentiment typically associated with insider selling.

Negatives

• A significant number of shares (200,058) were sold by a Director and 10% owner.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale of 200,058 shares by a significant insider could be perceived negatively, potentially putting downward pressure on the stock price, although the stated reason (tax liability) may temper concerns.

Key Dates

Recommendation

While a significant insider sale typically warrants caution, the explicit reason for the sale being tax liability on vested restricted stock units suggests it's a routine, often pre-planned event rather than a signal of lack of confidence in the company's future. Given the context, a 'hold' recommendation is appropriate, advising investors to monitor future developments without immediate action based solely on this filing.

Keywords

Figure Technology Solutions, FIGR, Michael Scott Cagney, Insider Trading, Form 4, Stock Sale, Director, 10% Owner, Class A Common Stock, Class B Common Stock, Tax Liability