Figure Technology (FIGR) CFO Kgil Minchung Sells Shares

What Happened Kgil Minchung, Chief Financial Officer of Figure Technology Solutions, sold a total of 4,000 common shares on July 24, 2026 in open-market transactions for aggregate proceeds of approximately $112,523. The sales broke down as: 1,532 shares at a weighted average $27.52 ($42,167); 2,379 shares at a weighted average $28.48 ($67,766); and 89 shares at a weighted average $29.11 ($2,590). These transactions are reported as sales (S) and were effected pursuant to a Rule 10b5-1 trading plan adopted December 10, 2025.

Key Details

• Transaction date: July 24, 2026; Filing date: July 28, 2026 (appears timely for a Form 4 filing).
• Shares sold: 4,000 total (1,532 @ $27.52; 2,379 @ $28.48; 89 @ $29.11). Total proceeds ≈ $112,523.
• Footnotes: Sales executed under a 10b5-1 plan (F1). Reported prices are weighted averages; individual trades spanned price ranges: $27.21–$27.9916 (F2), $28.00–$28.985 (F3), and $29.06–$29.24 (F4). The filer offers to provide a breakdown of shares sold at each price upon request.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Transaction code: S = Sale.

Context A 10b5-1 plan is a pre-arranged trading program that allows insiders to sell shares according to a schedule or formula and is commonly used to avoid concerns about trading on material nonpublic information. Sales do not necessarily signal negative views; purchases tend to be more informative about insider sentiment.