Figure (FIGR) CFO Kgil Minchung Sells 4,000 Shares

What Happened

Kgil Minchung, Chief Financial Officer of Figure Technology Solutions (FIGR), sold 4,000 shares on August 12, 2026 in an open-market transaction. The weighted-average price was $30.03, yielding proceeds of approximately $120,117. The sale was reported on a Form 4 filed August 14, 2026.

Key Details

• Transaction date: 2026-08-12
• Transaction type/code: Sale (S) — open-market or private sale under a Rule 10b5-1 plan
• Price(s): weighted average $30.03; reported range $30.00–$30.06 (shares sold in multiple transactions)
• Proceeds: ~$120,117 (4,000 shares × $30.03 WAP)
• Shares owned after the transaction: not disclosed in the information provided in your prompt
• Footnotes: (F1) Sale was effected pursuant to a 10b5-1 trading plan adopted December 10, 2025. (F2) Price is a weighted average; the reporting person can provide per-price quantities on request.
• Filing timeliness: Form 4 filed 2026-08-14 for a 2026-08-12 trade — within the typical two-business-day reporting window.

Context

Sales executed under a pre-established 10b5-1 plan are generally pre-planned and do not necessarily reflect the insider’s current view of the company. For retail investors, purchases are often more informative of insider confidence; routine sales like this are common and can be driven by diversification, tax planning, or liquidity needs rather than negative company-specific information.