Form 4: Michael Cagney Reports Figure Technology Solutions Stake

Michael Cagney, a Director and 10% Owner of Figure Technology Solutions, Inc., reported a transaction involving Class B Common Stock on April 10, 2026.

Summary

• Michael Scott Cagney, who is a Director and a 10% owner of Figure Technology Solutions, Inc. (FIGR), filed a Form 4 statement detailing changes in beneficial ownership.
• The filing indicates a transaction on April 10, 2026, related to Class B Common Stock.
• Specifically, 32,247 shares of Class B Common Stock were involved in a transaction coded 'F', which represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units, not a market sale.
• Following this transaction, Cagney directly beneficially owns 29,971,703 shares of Class A Common Stock, convertible from Class B Common Stock.
• Additionally, Cagney indirectly beneficially owns shares through various entities and trusts: 4,313,645 shares via 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.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports standard insider transactions related to equity compensation and does not indicate new strategic information or significant changes in holdings.

Positives

• The transaction described is a withholding of shares for tax liability, which is a standard and expected event upon vesting of restricted stock units, rather than a sale of shares.
• Michael Cagney maintains significant direct and indirect beneficial ownership in Figure Technology Solutions, Inc., indicating continued commitment.
• The Class B Common Stock is convertible into Class A Common Stock, providing flexibility and potential for increased direct ownership of Class A shares.

Negatives

• The filing details shares withheld for tax liability, which reduces the net shares received by the reporting person upon vesting.
• While not a sale, the withholding of shares does represent a reduction in the total number of shares the reporting person could have otherwise held.

Risks

• The conversion of Class B Common Stock to Class A Common Stock is automatic upon any transfer, except for certain permitted transfers, which could lead to unintended conversions.
• The reliance on indirect ownership through various trusts and LLCs introduces potential complexities in managing and exercising beneficial ownership rights.

Future Outlook

The filing does not contain forward-looking statements or guidance. It is a report of changes in beneficial ownership.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insiders and do not typically provide strategic insights. This filing confirms ongoing insider holdings and standard equity compensation events within the technology sector.

Corporate Governance

Stakeholder Impact

• Shareholders: The filing confirms continued significant insider ownership, which can be viewed positively. The conversion terms of Class B stock may influence the circulating supply of Class A stock over time.
• Employees: The transaction relates to the vesting of restricted stock units, a common form of employee compensation, indicating the company's use of equity incentives.
• Management: Michael Cagney's direct and indirect holdings reflect his ongoing stake in the company's performance.

Next Steps

• Continued monitoring of insider transactions for any significant changes in beneficial ownership.
• Observation of the conversion of Class B Common Stock to Class A Common Stock as per the terms outlined.

Key Dates

Keywords

Form 4, SEC Filing, Beneficial Ownership, Michael Cagney, Figure Technology Solutions, FIGR, Class B Common Stock, Class A Common Stock, Restricted Stock Units, Tax Liability, Insider Trading