Jaitly Sachin Chand 4
4 · Figure Technology Solutions, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Figure (FIGR) Director Sachin Jaitly Sells Shares
What Happened
Sachin Jaitly, a director of Figure Technology Solutions, sold a total of 216,713 shares of the company's Class A common stock in open-market/private transactions on March 10, 2026, for aggregate proceeds of approximately $7,289,830. The reported disposals break down as: 156,947 shares at a weighted avg $33.50 ($5.26M); 28,795 shares at $34.38 ($990K); 26,170 shares at $33.50 ($876.7K); and 4,801 shares at $34.38 ($165.1K). All reported transactions are sales (code S).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (appears timely under the two-business-day rule).
- Reported total shares sold: 216,713; reported total proceeds: ~$7.29 million.
- Prices: some sales reported as weighted averages with price ranges of $33.00–$33.98 and $34.00–$34.76 (filing offers to provide per-price breakdowns on request).
- Shares owned after the transaction: Not specified in this Form 4.
- Notable footnotes: The filing notes that Tessera Venture Capital funds (for which Jaitly is a managing partner) were sellers of some shares; an ethical wall is stated that limits his involvement with those funds and he disclaims beneficial ownership except to the extent of any pecuniary interest. The Tessera funds held zero shares of Figure after these sales.
Context
These are straight sales (not purchases, option exercises, gifts, or awards). Sales by insiders can be routine (liquidity, portfolio management, or other personal reasons) and do not by themselves indicate company performance; the filing is factual about numbers, prices and the Tessera fund relationship but does not state the seller’s motive.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-03-10$33.50/sh−156,947$5,257,913→ 28,795 total(indirect: By Tessera Venture Capital Fund, LP) - Sale
Class A Common Stock
[F4][F2][F3]2026-03-10$34.38/sh−28,795$990,110→ 0 total(indirect: By Tessera Venture Capital Fund, LP) - Sale
Class A Common Stock
[F1][F2][F3]2026-03-10$33.50/sh−26,170$876,726→ 4,801 total(indirect: By Tessera Venture Capital Fund II, LP) - Sale
Class A Common Stock
[F4][F2][F3]2026-03-10$34.38/sh−4,801$165,081→ 0 total(indirect: By Tessera Venture Capital Fund II, LP)
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.00 to $33.98. 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 range set forth in this footnote.
- [F2]Tessera Venture Capital Fund GP, LLC is the general partner of Tessera Venture Capital Fund, LP. Tessera Venture Capital Fund II GP, LLC is the general partner of Tessera Venture Capital Fund II, LP. The reporting person is a Managing Partner of each of Tessera Venture Capital Fund GP, LLC and Tessera Venture Capital Fund II GP, LLC, and may be deemed to beneficially own the securities reported herein, but disclaims beneficial ownership except to the extent of his pecuniary interest, if any, therein.
- [F3]Due to an ethical wall between the reporting person and each of Tessera Venture Capital Fund, LP and Tessera Venture Capital Fund II, LP (the "Tessera Funds") that prevents (i) the sharing of information related to the Issuer between the reporting person and the Tessera Funds and their respective representatives, and (ii) participation in investment or voting decisions with respect to the shares of Class A common stock of the Issuer held by the Tessera Funds. As a result thereof, the reporting person disclaims any beneficial or pecuniary interest in any of the shares sold by the Tessara Funds. Following the reported transaction, the Tessera Funds held zero shares of the Issuer's Class A common stock.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.00 to $34.76. 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 range set forth in this footnote.