Cagney Michael Scott 4
4 · Figure Technology Solutions, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
FIGR 10% Owner Cagney Michael Scott Withholds 30,370 Shares for Taxes
What Happened
Cagney Michael Scott, a reported 10% owner of Figure Technology Solutions, had 30,370 shares (Class B common stock, derivative from RSUs) withheld by the company to satisfy tax withholding on vested restricted stock units. The withholding was recorded at $28.07 per share for a total value of $852,486. This was a tax-withholding action (not an open-market sale).
Key Details
- Transaction date: 2026-06-10; Filing date: 2026-06-12 (filed within the typical two-business-day Form 4 window).
- Price used for withholding: $28.07 per share. Total value: $852,486.
- Shares involved: 30,370 shares withheld (derivative shares from RSU vesting).
- Shares owned after transaction: Not disclosed in the filing.
- Transaction code/meaning: F = tax withholding (shares withheld by issuer to satisfy tax liability). This is not a market sale.
- Footnotes: F1 — Class B common shares are convertible into Class A shares (convertible on holder election or automatically on transfer); F2 — confirms shares were withheld to satisfy tax liability and were not sold on the market.
Context
This was a routine tax-withholding transaction tied to RSU vesting, not a discretionary sale or purchase that signals a change in investment stance. For 10% owners and other insiders, these withholdings are common when equity awards vest and do not necessarily reflect trading intent.
Insider Transaction Report
- Tax Payment
Class B Common Stock
[F1][F2]2026-06-10$28.07/sh−30,370$852,486→ 32,043,819 total→ Class A Common Stock (30,370 underlying)
- 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 (2)
- [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.
- [F2]Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale.