Form 4: Michael Cagney Executes Figure Technology Stock Sale

Director and 10% owner Michael Cagney sold 67,840 shares of Figure Technology Solutions, Inc. via a 10b5-1 trading plan.

Summary

• Michael Cagney converted 67,840 shares of Class B Common Stock into Class A Common Stock on April 15, 2026.
• The converted shares were subsequently sold in three tranches at weighted average prices of $33.8475, $35.1422, and $35.9328.
• The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025.
• Following these transactions, the reporting person holds 0 shares of Class A Common Stock directly, though significant indirect holdings remain.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction was pre-planned and represents a routine divestment by an insider.

Positives

• The sale was conducted under a pre-established Rule 10b5-1 trading plan, which typically indicates the sales were scheduled in advance to avoid concerns regarding insider trading.

Negatives

• The disposal of shares by a major insider and 10% owner may be perceived by some market participants as a reduction in long-term alignment or a signal of profit-taking.

Risks

• Future sales by the reporting person or other major shareholders could exert downward pressure on the stock price.
• The reliance on Rule 10b5-1 plans does not eliminate the market impact of large-scale selling activity.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing, as it is a standard disclosure of insider transaction activity.

Industry Context

StockSavvy.ai notes that insider selling via 10b5-1 plans is a standard practice for executives and major shareholders to diversify holdings while maintaining compliance with securities laws, and it is generally viewed as neutral unless the volume represents a significant portion of total holdings.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for corporate insiders to manage equity holdings in publicly traded companies.
• The disclosure of weighted average pricing and price ranges is consistent with SEC reporting requirements for Form 4 filings.

Stakeholder Impact

• Shareholders should note the reduction in direct ownership by a key insider, though the reporting person retains significant indirect interests.

Next Steps

• Continued monitoring of future Form 4 filings to track further sales under the established 10b5-1 plan.

Key Dates

Keywords

Figure Technology Solutions, FIGR, Insider Trading, Form 4, Michael Cagney, Stock Sale, 10b5-1 Plan