Cagney Michael Scott 4
4 · Figure Technology Solutions, Inc. · Filed Apr 14, 2026
Research Summary
AI-generated summary of this filing
FIGR 10% Owner Michael Cagney Withholds 32,247 Shares for Taxes
What Happened Michael Cagney, a 10% owner of Figure Technology Solutions, had 32,247 shares disposed on April 10, 2026 as a tax-withholding event related to vested restricted stock units (RSUs). The filing reports the shares at $34.08 per share, totaling approximately $1,098,978. This was a withholding to cover tax liability (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-04-10; Filing date: 2026-04-14 (filed within the two-business-day Form 4 window).
- Shares withheld/disposed: 32,247 at $34.08 each; aggregate value reported ≈ $1,098,978.
- Transaction code: F — tax withholding on vesting of RSUs (issuer withheld shares to satisfy taxes).
- Footnotes: F1 notes Class B common shares are convertible into Class A (one-for-one); F2 clarifies the shares were withheld by the issuer to satisfy tax liability and were not a market sale.
- Shares owned after the transaction: not disclosed in the provided excerpt.
Context Tax-withholding on vested RSUs is a routine administrative action and does not indicate an insider actively selling shares into the market. As a 10% owner, Cagney is a large shareholder—this filing reflects tax/vesting mechanics rather than a directional trade signal.
Insider Transaction Report
- Tax Payment
Class B Common Stock
[F1][F2]2026-04-10$34.08/sh−32,247$1,098,978→ 29,971,703 total→ Class A Common Stock (32,247 underlying)
- 4,313,645(indirect: By Trust)
Class B Common Stock
[F1]→ Class A Common Stock (4,313,645 underlying) - 2,237,012(indirect: By LLC)
Class B Common Stock
[F1]→ Class A Common Stock (2,237,012 underlying) - 3,185,970(indirect: By Trust)
Class B Common Stock
[F1]→ Class A Common Stock (3,185,970 underlying) - 3,185,970(indirect: By Trust)
Class B Common Stock
[F1]→ Class A Common Stock (3,185,970 underlying)
Footnotes (2)
- [F1]Each outstanding share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers.
- [F2]Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale.