Cagney Michael Scott 4
Research Summary
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Figure (FIGR) 10% Owner Cagney Scott Receives RSUs
What Happened Cagney Michael Scott, reported as a 10% owner of Figure Technology Solutions, Inc. (FIGR), received an award of 3,192 restricted stock units (RSUs) on June 4, 2026. The RSUs were granted at $0.00 per unit (total reported value $0) and represent a contingent right to receive one share of Class A Common Stock per RSU once vested. This was an award/grant (not an open-market purchase or sale), so it does not reflect an immediate cash outlay or sale.
Key Details
- Transaction date: 2026-06-04; grant type: Award/Grant (Code A) — 3,192 RSUs @ $0.00 (total $0).
- Vesting: RSUs vest in full on the earlier of (i) the day before the next annual meeting of stockholders and (ii) June 4, 2027 (see footnote).
- Conversion: Each RSU converts into one share of Class A Common Stock upon vesting.
- Shares owned after transaction: Not disclosed in the reported summary.
- Filing date: 2026-06-22 — the Form 4 was filed 18 days after the grant date, which appears later than the standard two-business-day deadline for insider Form 4 reporting.
Context RSU awards are a form of deferred equity compensation and do not immediately change the insider’s tradable share count until vesting and settlement occur. Because Scott is identified as a 10% owner rather than an executive title in this filing, this reflects a significant ownership stake receiving an equity award; it should not be interpreted as an open-market buy or sell. The reported late filing may affect the timeliness of public disclosure but does not itself indicate the insider’s intent to buy or sell.