Form 4: Figure Technology CFO Reports Tax-Related Share Withholding
Statement of Changes in Beneficial Ownership
Figure Technology Solutions CFO Minchung Kgil reported the withholding of 23,330 shares to satisfy tax obligations upon the vesting of restricted stock units.
Summary
- Minchung Kgil, Chief Financial Officer of Figure Technology Solutions, Inc., executed a transaction involving 23,330 shares of Class A Common Stock.
- The transaction occurred on June 2, 2026, at a price of $32.09 per share.
- The shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following this transaction, the reporting person maintains beneficial ownership of 516,768 shares of Class A Common Stock.
- The transaction was conducted pursuant to a Rule 10b5-1(c) trading plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative event, as it represents a routine tax settlement rather than a change in insider sentiment.
Positives
- The transaction was a mandatory tax withholding event rather than a discretionary market sale, indicating continued alignment with company equity.
Negatives
- None identified; this is a routine administrative transaction related to compensation vesting.
Risks
- None identified; this filing pertains to internal tax compliance.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that this filing is a standard regulatory disclosure for executive compensation and does not reflect a change in the company's strategic direction or market outlook.
Comparison to Industry Standards
- The transaction follows standard corporate governance practices for handling tax liabilities associated with equity-based compensation vesting.
Stakeholder Impact
- No material impact on shareholders, employees, or creditors as this is a routine tax-related transaction.
Next Steps
- No future actions or milestones mentioned.
Key Dates
| Date | Description |
|---|---|
| 06/02/2026 | Date of the transaction involving the withholding of shares. |
| 06/04/2026 | Date the Form 4 was signed and filed. |
Keywords
Figure Technology Solutions, FIGR, Form 4, Insider Trading, CFO, Equity Compensation
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