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

Figure Technology Solutions, Inc. CFO, Minchung Kgil, reported the sale of Class A Common Stock through a pre-arranged trading plan.

Summary

• Minchung Kgil, Chief Financial Officer of Figure Technology Solutions, Inc. (FIGR), has reported the sale of Class A Common Stock.
• The transactions occurred on May 26, 2026, and were executed under a Rule 10b5-1 trading plan adopted on December 10, 2025.
• A total of 7,999 shares were sold across multiple transactions.
• The weighted average sale price for the first batch of 2,377 shares was $34.9187, with prices ranging from $34.32 to $35.27.
• The second batch of 4,237 shares had a weighted average sale price of $35.8498, with prices ranging from $35.32 to $36.3175.
• The third batch of 1,386 shares had a weighted average sale price of $36.5866, with prices ranging from $36.32 to $36.88.
• Following these transactions, Minchung Kgil beneficially owns 540,098 shares of Class A Common Stock.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as slightly negative due to the CFO selling shares, even though it was executed under a pre-arranged plan. This can sometimes signal a lack of immediate positive outlook from management.

Negatives

• The Chief Financial Officer sold a significant number of shares (7,999 shares) which could be perceived negatively by the market.
• The sales occurred at prices below the current market price, depending on when the filing is reviewed.

Risks

• The sales were conducted under a Rule 10b5-1 plan, which is designed to mitigate insider trading concerns, but the act of selling by a key executive can still be interpreted as a lack of confidence in future stock performance.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The use of a Rule 10b5-1 plan is a common practice for executives to sell shares systematically without facing accusations of insider trading, especially when they have pre-existing plans to diversify or meet financial obligations.

Stakeholder Impact

• Shareholders may view the CFO's sale of shares with some concern, potentially impacting short-term stock sentiment, despite the Rule 10b5-1 plan.
• Employees holding stock options or grants may be influenced by the executive's selling activity.

Next Steps

• The reporting person will continue to hold the remaining 540,098 shares of Class A Common Stock.
• Future transactions, if any, will be reported on subsequent Form 4 filings.

Key Dates

Recommendation

The filing reports routine insider selling under a 10b5-1 plan, which is a standard procedure. While insider selling can be a negative signal, the structured nature of the sale mitigates concerns about non-public information. Without other significant negative or positive news in the filing, a 'hold' recommendation is appropriate, suggesting investors maintain their current position pending further developments.

Keywords

Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Figure Technology Solutions, FIGR, CFO, Class A Common Stock, Beneficial Ownership