Form 4: Figure Technology Solutions Insider Tax Withholding

Figure Technology Solutions Director Michael Scott Cagney reported a tax-related disposition of 68,059 Class B Common Stock shares.

Summary

• Michael Scott Cagney, a Director and 10% Owner of Figure Technology Solutions, Inc., reported a transaction on March 3, 2026.
• 68,059 shares of Class B Common Stock were disposed of to satisfy tax liability on the vesting of restricted stock units.
• This transaction was not a market sale; the shares were withheld by the Issuer.
• The price per share used for tax withholding was $29.72.
• Following this transaction, Mr. Cagney directly beneficially owns 30,037,236 shares of Class B Common Stock.
• He also indirectly owns 4,313,645 shares via a Family Trust, 2,237,012 shares via Rockfish LLC, 3,185,970 shares via Children's Trust 1, and 3,185,970 shares via Children's Trust 2.
• Each outstanding share of Class B Common Stock is convertible at any time into one share of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative transaction related to executive compensation, carrying no significant positive or negative implications for the company's operational or financial performance.

Positives

• The underlying event of restricted stock unit vesting indicates continued compensation and alignment of interests between the director and the company.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Management Comments

• The transaction represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units, and it was not a market sale.

Industry Context

StockSavvy.ai notes that insider transactions, particularly tax-related withholdings upon the vesting of equity awards, are common and routine events across all industries. They generally do not signal a change in company fundamentals or strategic direction but rather reflect standard executive compensation practices.

Comparison to Industry Standards

• This Form 4 filing details a standard tax withholding event, which is a common practice for executives receiving equity compensation across publicly traded companies globally. It aligns with typical compensation structures seen in technology and financial services sectors, where restricted stock units are a prevalent form of long-term incentive.

Related Party Transactions

• Indirect beneficial ownership of Class B Common Stock is held through a Family Trust (4,313,645 shares), Rockfish LLC (2,237,012 shares), Children's Trust 1 (3,185,970 shares), and Children's Trust 2 (3,185,970 shares).

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related transaction and not a market sale by an insider.
• Employees: No direct impact mentioned.

Key Dates

Recommendation

This Form 4 reports a routine tax-related disposition of shares upon the vesting of restricted stock units for a director and 10% owner. It does not indicate a market sale or provide new information that would alter the fundamental outlook or valuation of Figure Technology Solutions, Inc. Therefore, a 'hold' recommendation is appropriate as there's no catalyst for a change in investment position based on this filing alone.

Keywords

Figure Technology Solutions, FIGR, Form 4, insider transaction, stock withholding, restricted stock units, Michael Scott Cagney, beneficial ownership