Cagney Michael Scott 4

What Happened
Cagney Michael Scott, a 10% owner of Figure Technology Solutions, converted 67,840 derivative/Class B shares into Class A common stock and sold those 67,840 shares in three open‑market transactions on April 15, 2026 for aggregate gross proceeds of about $2,387,555. The sales were effected under a Rule 10b5‑1 trading plan.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely within the 2‑business‑day filing window).
• Sales (total 67,840 shares):
  • 14,121 shares at a weighted avg. $33.85 (range $33.56–$34.395) — proceeds ~$477,961 (F3)
  • 26,158 shares at a weighted avg. $35.14 (range $34.595–$35.58) — proceeds ~$919,250 (F4)
  • 27,561 shares at a weighted avg. $35.93 (range $35.605–$36.35) — proceeds ~$990,344 (F5)
• Conversion entries: 67,840 shares were reported as acquired by conversion of a derivative security and also shown disposed in connection with conversion (zero price reported for the derivative disposition) (F1, F6).
• Sales were executed pursuant to a Rule 10b5‑1 plan adopted December 12, 2025 (F2).
• Shares owned after the transactions are not specified in the summary provided here; see the full Form 4 for post‑transaction holdings.

Context

• The filing shows a conversion of derivative/Class B securities into Class A shares followed by immediate open‑market sales — a routine sequence for holders converting Class B to Class A and liquidating. Because the sales were made under a pre‑arranged 10b5‑1 plan, they are likely scheduled transactions rather than ad‑hoc sales.
• As a 10% owner (not necessarily an officer), these transactions reflect insider activity but should not be taken alone as an indicator of company outlook; consult additional filings and disclosures for fuller context.