Figure (FIGR) 10% Owner Michael Cagney Withholds 263,910 Shares

What Happened

• Michael Cagney (reported as a 10% owner) had 263,910 shares withheld by Figure to satisfy tax liabilities arising from restricted stock unit (RSU) vesting. The shares were recorded as disposed at $36.57 per share for a total value of $9,651,189. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-10; Filing date: 2026-09-14 (filed within the SEC’s two-business-day window)
• Price: $36.57 per share; Shares withheld/disposed: 263,910; Total value: $9,651,189
• Type: Derivative/RSU vesting with shares withheld for taxes (transaction code F). Footnote F2 confirms issuer withheld shares to satisfy tax liability — not a market sale.
• Footnote F1: Class B common shares are convertible into Class A common shares (automatic on transfer, with limited exceptions).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Remark: The filer states they do not have investment or voting control of certain previously reported children’s trusts and thus do not claim a reportable pecuniary interest in those trust shares.

Context

• This is a routine tax-withholding event tied to RSU vesting rather than a deliberate cash sale or purchase; such withholdings reduce the insider’s outstanding vested share count but do not necessarily indicate a change in market sentiment. As a 10% owner, Cagney’s filing is subject to Section 16 reporting rules.