Form 4: Figure Technology Director Sells Shares, Converts Stock

Figure Technology Solutions Director and 10% owner, Ou June, reported the conversion of Class B to Class A common stock and subsequent sales of Class A shares to cover tax liabilities.

Summary

• Ou June, a Director and 10% owner of Figure Technology Solutions, Inc. (FIGR), reported transactions on December 10, 2025.
• Converted 200,058 shares of Class B Common Stock into an equal number of Class A Common Stock.
• Sold a total of 200,058 shares of Class A Common Stock in multiple transactions.
• Sales included 50,128 shares at a weighted average price of $38.6947, 147,104 shares at $39.6233, and 2,826 shares at $40.084.
• These sales were primarily conducted to satisfy tax liability on the vesting of restricted stock units.
• Following these transactions, Ou June directly owns 6,128,993 shares of Class A Common Stock.
• Indirect beneficial ownership includes 149,930 Class A shares and 30,105,295 Class B shares held by spouse, 4,313,645 Class B shares by a Family Trust, 2,237,012 Class B shares by Rockfish LLC, and 3,185,970 Class B shares each by Children's Trust 1 and Children's Trust 2.

Sentiment

Score: 5

Explanation: The transactions reported are routine insider sales to cover tax liabilities associated with the vesting of restricted stock units, which is a common occurrence and generally not indicative of management's view on the company's future prospects.

Negatives

• Director Ou June sold 200,058 shares of Class A Common Stock, reducing direct holdings.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Indirect beneficial ownership is held through a spouse, a family trust, Rockfish LLC, and two children's trusts, indicating significant holdings within related entities.

Stakeholder Impact

• Shareholders: The sale of shares by a director and 10% owner, even for tax purposes, could be viewed with scrutiny by some investors, potentially leading to questions about insider sentiment, though the stated reason mitigates this concern.

Key Dates

Recommendation

The reported transactions are routine insider sales by a director to cover tax liabilities arising from the vesting of restricted stock units. Such sales are common and typically do not reflect a change in the insider's long-term view of the company's prospects or fundamental value. Therefore, a 'hold' recommendation is appropriate as this filing does not provide new information to alter an investment thesis.

Keywords

Figure Technology Solutions, FIGR, SEC Form 4, Insider Trading, Stock Sale, Director, 10% Owner, Class A Common Stock, Class B Common Stock, Restricted Stock Units, Tax Liability