FIGR 10% Owner Cagney Michael Scott Withholds 29,612 Shares

What Happened
Cagney Michael Scott, a 10% owner of Figure Technology Solutions, had 29,612 shares withheld on 2026-08-10 to satisfy tax liability related to a derivative award. The withholding was recorded at $28.82 per share for a total value of approximately $853,418. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-08-10; Filing date: 2026-08-12 (filed timely).
• Transaction type/code: F (payment of exercise price or tax liability); derivative disposition.
• Shares withheld: 29,612 at $28.82 per share; total value ≈ $853,418.
• Footnotes:
  • F1: Class B common stock converts into Class A common stock (convertible on holder election or automatically on transfer).
  • F2: Shares were withheld by the issuer to satisfy tax liability on vesting of restricted stock units — this is not a market sale.
• Shares owned after transaction: not specified in the provided filing extract.

Context
This was an administrative, non-cash withholding to cover taxes on vested awards (common with RSUs) rather than a discretionary sale of shares. For retail investors, tax-withholdings generally do not indicate bullish or bearish insider sentiment. As a 10% owner, Michael Cagney is a significant holder, but this particular action appears routine and related to compensation tax obligations.