Form 4: Michael Cagney Executes Planned Sale of Figure Tech Shares

Director Michael Cagney sold 35,190 shares of Figure Technology Solutions, Inc. under a pre-established 10b5-1 trading plan.

Summary

• Director Michael Cagney converted 35,190 shares of Class B Common Stock into Class A Common Stock.
• The reporting person subsequently sold the entire 35,190 shares of Class A Common Stock in multiple transactions.
• Sales were executed at weighted average prices ranging from $35.6786 to $40.4653 per share.
• The transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025.
• An additional 31,496 shares of Class B stock were withheld by the issuer to satisfy tax obligations related to RSU vesting.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sales were executed under a pre-planned 10b5-1 arrangement, which is a standard and transparent method for insider liquidity.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 plan, indicating the transactions were not based on sudden non-public information.
• The reporting person maintains a significant remaining beneficial ownership stake in the company.

Negatives

• The transaction represents a divestment of equity by a key insider and director.

Risks

• Future sales by the director could influence market sentiment regarding the company's valuation.
• Reliance on Rule 10b5-1 plans does not eliminate the potential for negative market perception regarding insider selling.

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.

Management Comments

• The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the reported ranges.

Industry Context

StockSavvy.ai notes that insider selling via 10b5-1 plans is a standard practice for executives to achieve liquidity while maintaining compliance with SEC regulations, and it is generally viewed as a neutral event unless the volume of selling is disproportionately high relative to total holdings.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for corporate insiders to manage equity holdings and avoid potential conflicts of interest.
• The scale of the sale relative to the director's total beneficial ownership is consistent with typical executive liquidity events.

Stakeholder Impact

• Shareholders should note the reduction in the director's direct equity stake, though the impact is mitigated by the pre-planned nature of the sale.

Next Steps

• Continued monitoring of future Form 4 filings for further insider activity.

Key Dates

Keywords

Figure Technology Solutions, FIGR, Insider Trading, Form 4, Michael Cagney, Equity Divestment