Cagney Michael Scott 4
4 · Figure Technology Solutions, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Figure (FIGR) 10% Owner Cagney Scott Sells 35,190 Shares
What Happened
Cagney Michael Scott, a 10% owner of Figure Technology Solutions, converted Class B shares to Class A and sold 35,190 shares in open‑market transactions on May 13, 2026, for aggregate proceeds of approximately $1.34 million (weighted‑average prices across multiple trades). Separately on May 10, 2026, 31,496 shares were disposed to satisfy tax liability/exercise cost at $37.63 per share (reported as a derivative/tax withholding transaction totaling ~$1.185M) — this was not a market sale.
Key Details
- Transaction dates: May 10, 2026 (tax/withholding); May 13, 2026 (conversion and market sales).
- Open‑market sales on May 13: 35,190 shares sold in multiple trades at weighted average prices ranging roughly from $35.18 to $40.47, total proceeds ≈ $1,344,274.
- Tax/withholding on May 10: 31,496 shares at $37.63 → $1,185,194 (shares withheld to satisfy tax liability; not a public sale).
- Sales executed pursuant to a Rule 10b5‑1 trading plan adopted Dec 12, 2025 (footnote F2).
- Conversion note: Class B shares are convertible into Class A shares and convert automatically on transfer (footnote F1).
- Filing dated May 15, 2026; the May 10 transaction appears to have been reported after the Form 4 two‑business‑day window (i.e., filing may be late for that item).
- Shares owned after the transactions: not specified in the information provided.
Context
- These transactions combine a conversion of convertible (Class B) shares to Class A and routine sales under a pre‑established 10b5‑1 plan. Conversions allowed the holder to sell Class A shares; the sales themselves were planned under the trading plan.
- The May 10 disposal was a tax/withholding event (common on vesting/exercise) and is not a market sale — such withholdings reduce share count but do not reflect a discretionary sale decision.
- As a 10% owner (not labeled as CEO/CFO here), Scott’s sales are ownership‑level transactions rather than typical executive buy/sell signals; investors should view these as informative but not necessarily indicative of company outlook.
Insider Transaction Report
Form 4
Cagney Michael Scott
Director10% Owner
Transactions
- Conversion
Class A Common Stock
[F1]2026-05-13+35,190→ 35,190 total - Sale
Class A Common Stock
[F2][F3]2026-05-13$35.68/sh−2,394$85,415→ 32,796 total - Sale
Class A Common Stock
[F2][F4]2026-05-13$36.61/sh−5,849$214,104→ 26,947 total - Sale
Class A Common Stock
[F2][F5]2026-05-13$37.57/sh−10,105$379,598→ 16,842 total - Sale
Class A Common Stock
[F2][F6]2026-05-13$38.30/sh−6,202$237,507→ 10,640 total - Sale
Class A Common Stock
[F2][F7]2026-05-13$39.48/sh−2,958$116,796→ 7,682 total - Sale
Class A Common Stock
[F2][F8]2026-05-13$40.47/sh−7,682$310,854→ 0 total - Tax Payment
Class B Common Stock
[F1][F9][F10]2026-05-10$37.63/sh−31,496$1,185,194→ 32,109,379 total→ Class A Common Stock (31,496 underlying) - Conversion
Class B Common Stock
[F1]2026-05-13−35,190→ 32,074,189 total→ Class A Common Stock (35,190 underlying)
Holdings
- 6,128,993(indirect: By Spouse)
Class A Common Stock
- 17,661(indirect: By Trust)
Class A Common Stock
- 4,313,645(indirect: By Trust)
Class B Common Stock
[F1]→ Class A Common Stock (4,313,645 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 (10)
- [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.
- [F10]Reflects shares acquired in a transaction exempt from reporting pursuant to Rule 16a-13.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.175 to $35.995. 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.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.02 to $36.995. 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.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.005 to $37.995. 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.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.00 to $38.965. 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.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.00 to $39.98. 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.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.935. 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.
- [F9]Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale.
Signature
/s/ Macrina Kgil, Attorney-in-Fact|2026-05-15