Kgil Minchung 4

What Happened
Kgil Minchung, Chief Financial Officer of Figure Technology Solutions (FIGR), had 23,330 shares withheld by the company to satisfy tax withholding on vested restricted stock units. The withheld shares were valued at $32.09 each, totaling $748,660. This was a withholding to cover tax liability (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-06-02; Filing date: 2026-06-04 (filed within standard Form 4 timing).
• Shares withheld: 23,330 at $32.09 per share; total value withheld ≈ $748,660.
• Transaction code: F (tax withholding to satisfy tax liability on vesting RSUs). Footnote F1: issuer withheld shares to satisfy tax liability; not a market sale.
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: appears timely (not marked late).

Context

• This is a routine tax-withholding action related to RSU vesting, common when restricted shares vest and the company withholds shares instead of requiring a cash tax payment.
• Because the shares were withheld by the issuer rather than sold on the open market, this transaction does not directly signal insider buying or selling sentiment.