Kgil Minchung 4

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.