Figure (FIGR) 10% Owner Michael Cagney Sells 29,958 Shares

What Happened

• Michael Cagney, a 10% owner of Figure Technology Solutions, had 29,958 shares of Class B common stock disposed/withheld to satisfy tax liabilities on July 10, 2026. The transaction price was $31.80 per share for a total reported value of $952,664. The Form 4 lists this as a derivative disposition under transaction code F (tax withholding), which is not an open-market sale.

Key Details

• Transaction date: 2026-07-10; Form 4 filed: 2026-07-14.
• Shares/price/value: 29,958 shares @ $31.80 = $952,664.
• Transaction code: F — payment of exercise price or tax liability; filing notes shares were withheld by the issuer to satisfy tax liability on RSU vesting (Footnote F2).
• Security type: Class B Common Stock (convertible into Class A Common Stock; see Footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Additional footnote: Filing also includes a gift-transfer footnote (F3) noting an exempt gift transfer per Rule 16a-13, but that is separate from the tax-withholding action.

Context

• This was a tax-withholding event (routine administrative disposition) rather than a market sale or new purchase; such withholdings commonly occur when restricted stock units vest and generally do not by themselves signal insider sentiment. As a 10% owner, Cagney’s holdings are reported under insider rules for large stakeholders rather than routine employee trades.