Form 4: CFO Sells Figure Technology Shares Under 10b5-1 Plan

Figure Technology Solutions' CFO, Minchung Kgil, sold a significant number of Class A Common Stock shares as part of a pre-arranged trading plan.

Summary

• Minchung Kgil, Chief Financial Officer of Figure Technology Solutions, Inc., reported the sale of Class A Common Stock on June 24, 2026.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 10, 2025, which is designed to comply with safe harbor provisions.
• A total of 3,232 shares were sold at a weighted average price of $27.3981, with individual transactions ranging from $26.97 to $27.91.
• An additional 704 shares were sold at a weighted average price of $28.644, with prices ranging from $27.96 to $28.94.
• Furthermore, 64 shares were sold at a weighted average price of $29.0125, with prices ranging from $28.97 to $29.08.
• Following these transactions, the reporting person beneficially owns 503,419 shares directly.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the significant sale of shares by the CFO, despite being executed under a pre-arranged plan.

Negatives

• The Chief Financial Officer sold a substantial amount of company stock, which could be perceived negatively by the market.

Risks

• The sales were conducted under a Rule 10b5-1 plan, which is a standard mechanism for insiders to sell shares without facing insider trading accusations, but the volume of sales could still impact market perception.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Industry Context

StockSavvy.ai notes that insider sales, even under a Rule 10b5-1 plan, can sometimes lead to increased investor scrutiny. However, the adoption of such plans is a common and accepted practice for executives to diversify their holdings or meet financial obligations without implying negative sentiment about the company's future prospects.

Stakeholder Impact

• Shareholders: May interpret the CFO's sale as a signal, potentially impacting short-term stock sentiment, though the Rule 10b5-1 plan mitigates concerns about insider trading.
• Employees: Similar to shareholders, may view the sale with caution, but the structured nature of the sale is a mitigating factor.
• Creditors: Unlikely to be directly impacted by this specific transaction.

Next Steps

• The reporting person will continue to hold the remaining shares beneficially owned.
• The company may continue to see insider transactions reported via Form 4 filings.

Key Dates

Keywords

Figure Technology Solutions, FIGR, Form 4, Insider Trading, Stock Sale, Rule 10b5-1, CFO, Class A Common Stock, Beneficial Ownership