Stevens David Todd 4

What Happened David Todd Stevens, Chief Capital Officer of Figure Technology Solutions (FIGR), exercised 38,281 option shares on March 19, 2026 (exercise price $4.82; cost $184,514). On the same day he sold 49,708 common shares in three open‑market transactions for total proceeds of about $1.59 million (three weighted‑average sale prices reported). The filing also shows a related derivative conversion/disposition of 38,281 shares reported at $0, consistent with the option exercise/settlement reporting.

Key Details

• Transaction date: March 19, 2026 (Form 4 filed March 23, 2026 — within the two business‑day deadline).
• Option exercise (code M, Acquired): 38,281 shares @ $4.82 = $184,514. Footnote F5: these options vest 25% on Nov 11, 2025 and the remainder in 36 monthly installments.
• Open‑market sales (code S, Disposed):
  • 19,998 shares, weighted avg price $31.45, proceeds $629,033 (prices ranged $30.89–$31.88) — F2.
  • 24,630 shares, weighted avg price $32.28, proceeds $795,116 (prices ranged $31.89–$32.88) — F3.
  • 5,080 shares, weighted avg price $33.00, proceeds $167,662 (prices ranged $32.89–$33.12) — F4.
• Sales executed pursuant to a Rule 10b5‑1 trading plan adopted Dec 10, 2025 (F1).
• The filing does not state the insider’s total shares owned after these transactions.

Context

• This filing shows an option exercise followed by open‑market sales reported under a prearranged 10b5‑1 plan. For retail investors, exercises are acquisitions of shares via derivative conversion; when those shares are sold the transactions are routine insider liquidity. The weighted‑average prices are reported; the filer has offered to provide a breakdown of individual trade prices on request.