Figure (FIGR) CFO Kgil Minchung Sells Shares

What Happened

• Kgil Minchung, Chief Financial Officer of Figure Technology Solutions, sold a total of 8,000 shares on August 24, 2026, generating approximately $309,509 in proceeds. The filings show 7,500 shares disposed at a weighted-average price of $38.64 (≈ $289,827) and 500 shares at a weighted-average price of $39.36 (≈ $19,682).
• These were sales (not purchases or option exercises), so they represent the insider liquidating shares rather than adding to a position.

Key Details

• Transaction dates: August 24, 2026; Form 4 filed August 26, 2026 (appears timely).
• Prices/ranges: 7,500 shares @ weighted avg $38.64 (individual trades ranged $38.23–$39.20); 500 shares @ weighted avg $39.36 (trades ranged $39.32–$39.42). Reporting person can provide per-price breakdown on request (see footnotes).
• Proceeds: ~ $309,509 total.
• Method: Reported as open-market/private sale; sales were effected pursuant to a Rule 10b5-1 trading plan adopted December 10, 2025.
• Shares owned after transaction: Not specified in the summary provided — check the full Form 4 for post-transaction holdings.
• Filing timeliness: No late filing flagged in the provided data.

Context

• These sales were executed under a pre-established 10b5-1 plan, which allows insiders to sell according to a pre-set schedule and is generally considered a routine way to diversify or raise cash. Such plan-based sales do not necessarily signal a change in the insider’s view of the company. Purchases by insiders tend to carry stronger positive signals than routine sales.