Figure (FIGR) CFO Kgil Minchung Withholds 23,330 Shares for Taxes

What Happened Kgil Minchung, CFO of Figure Technology Solutions, had 23,330 shares withheld by the issuer to satisfy tax withholding on restricted stock unit (RSU) vesting. The withholding used a per-share value of $33.19, representing $774,323 in value. This was a tax-withholding transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-02; Form 4 filed: 2026-09-04 (filed within the standard reporting window).
• Shares withheld: 23,330 at $33.19 per share; aggregate value used: $774,323.
• Transaction code: F — shares withheld to satisfy tax liability on RSU vesting (footnote confirms not a market sale).
• Shares owned after the transaction: Not disclosed in this Form 4.
• Filing timeliness: Reported within two business days of the transaction (not marked late).

Context Tax-withholding on RSU vesting is a routine administrative step where the company retains shares to cover the insider’s tax obligation; it does not reflect an open-market sale or direct change in trading sentiment. For retail investors, such transactions should be viewed as compensation-related mechanics rather than a straightforward insider buy or sell signal.