Form 4: Figure Technology Solutions CEO Sells Over 129K Shares

Figure Technology Solutions CEO Michael Tannenbaum sold over 129,000 shares of Class A Common Stock in late November 2025.

Summary

• Michael Benjamin Tannenbaum, the Chief Executive Officer and a Director of Figure Technology Solutions, Inc. (FIGR), reported sales of Class A Common Stock.
• A total of 129,437 shares of Class A Common Stock were sold across four separate transactions on November 24, 2025, and November 25, 2025.
• The sales were executed at weighted average prices ranging from $34.1294 to $36.2436 per share.
• Following these transactions, Michael Tannenbaum beneficially owns 3,791,929 shares of Class A Common Stock.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 4

Explanation: The sale of a significant number of shares by the CEO could be viewed negatively. However, the disclosure that these transactions were executed under a Rule 10b5-1 plan mitigates some of the negative sentiment, as it indicates a pre-scheduled divestment strategy rather than an immediate reaction to new, potentially negative, information.

Positives

• The transactions were made pursuant to a Rule 10b5-1 plan, indicating pre-scheduled sales and reducing the perception of opportunistic insider trading.

Negatives

• Michael Tannenbaum, the CEO and a Director, sold a total of 129,437 shares of Class A Common Stock, which could be interpreted by some investors as a signal of reduced confidence or that the stock is fully valued.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Management Comments

• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Industry Context

This insider transaction report is specific to Figure Technology Solutions, Inc. and does not provide broader industry context or trends.

Corporate Governance

Stakeholder Impact

• Shareholders may interpret the CEO's sale of shares as a signal, potentially influencing their perception of the company's valuation or future prospects, although the 10b5-1 plan mitigates some of this concern.

Key Dates

Recommendation

The CEO's sale of a significant number of shares could be perceived negatively by the market. However, the disclosure that these transactions were executed under a Rule 10b5-1 plan suggests a pre-scheduled divestment strategy rather than an immediate reaction to new information. Investors should monitor future filings and company performance for further insights, maintaining a 'hold' position based solely on this transaction report.

Keywords

Figure Technology Solutions, FIGR, Michael Tannenbaum, insider trading, stock sale, CEO, Form 4, equity