Kgil Minchung 4
4 · Figure Technology Solutions, Inc. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Figure (FIGR) CFO Kgil Minchung Sells Shares
What Happened
Kgil Minchung, Chief Financial Officer of Figure Technology Solutions (FIGR), sold a total of 8,000 shares in open-market transactions on May 26, 2026, generating total proceeds of $285,607. The filing lists three dispositions: 2,377 shares at a weighted average price of $34.92 ($83,002); 4,237 shares at a weighted average price of $35.85 ($151,896); and 1,386 shares at a weighted average price of $36.59 ($50,709). These were sales (code "S") rather than purchases or option exercises.
Key Details
- Transaction date: May 26, 2026. Form 4 filed: June 1, 2026 (six days after the trades). Note: Form 4s are generally due within two business days of the transaction.
- Breakdown and reported prices (weighted averages):
- 2,377 shares @ $34.92 — $83,002 (actual trade prices ranged $34.32–$35.27) [F2]
- 4,237 shares @ $35.85 — $151,896 (actual trade prices ranged $35.32–$36.3175) [F3]
- 1,386 shares @ $36.59 — $50,709 (actual trade prices ranged $36.32–$36.88) [F4]
- Total shares sold: 8,000. Total proceeds: $285,607.
- Footnote: All sales were effected pursuant to a Rule 10b5-1 trading plan adopted December 10, 2025 [F1]. The reported prices are weighted averages; the filer can provide a per-trade price breakdown on request [F2–F4].
- Shares owned after the transactions: not specified in the provided filing.
Context
These transactions are routine sales carried out under a pre-established 10b5-1 plan, which helps insiders sell on a predetermined schedule. Sales under a 10b5-1 plan are common and, by themselves, do not prove any change in management’s view of the company. For retail investors, purchases typically carry more informational weight than routine plan-driven sales.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-05-26$34.92/sh−2,377$83,002→ 545,721 total - Sale
Class A Common Stock
[F1][F3]2026-05-26$35.85/sh−4,237$151,896→ 541,484 total - Sale
Class A Common Stock
[F1][F4]2026-05-26$36.59/sh−1,386$50,709→ 540,098 total
Footnotes (4)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.32 to $35.27. 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.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.32 to $36.3175. 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 $36.32 to $36.88. 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.