Figure Technology Solutions, Inc. SEC Filings

Figure Technology Solutions, Inc. (symbol FIGR) reported the initial equity holdings of officer Brian Walter Crist, who serves as CLO and Corporate Secretary. He holds an award of 245,000 restricted stock units that vest 25% on July 27, 2027 and then in 12 substantially equal quarterly installments. He also holds a stock option over 245,000 shares of Class A Common Stock at an exercise price of $27.55 per share, vesting 25% on July 27, 2027, with the remaining underlying shares vesting in 36 substantially equal monthly installments, and expiring on July 28, 2036.

Figure Technology Solutions, Inc. (FIGR) received a notice that Morgan Creek Capital Management, LLC, as investment manager to certain shareholders, intends to sell shares of Figure common stock under Rule 144. The proposed sale covers 50,190 shares of common stock through Merrill Lynch on Nasdaq.

The notice states that Figure had 185,672,153 common shares outstanding as of the time referenced. The shares to be sold were originally acquired in a private placement on 02/27/2019 for cash. Morgan Creek Capital Management, LLC and the related selling entities state that they expressly disclaim status as an “affiliate” of Figure within the meaning of Rule 144.

Figure Technology Solutions, Inc. (FIGR) reported that Chief Capital Officer David Todd Stevens exercised a stock option for 38,281 shares of Class A Common Stock at an exercise price of $4.82 per share, leaving 497,657 options reported as remaining. On the same date, he sold an aggregate of 47,650 shares of Class A Common Stock in multiple transactions at weighted average prices between approximately $30.70 and $33.18 per share. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025, and included shares acquired through the option exercise.

Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil sold 4,000 shares of Class A Common Stock on August 12, 2026 in an open-market transaction at a weighted average price of $30.0292 per share, with individual trade prices ranging from $30.00 to $30.06. The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025. Following this sale, Kgil directly holds 491,651 shares of Class A Common Stock.

FIGR reported a proposed sale of common stock by an affiliate. A broker, Morgan Stanley Smith Barney LLC Executive Financial Services, is listed to handle the sale of 47,650 common shares, with an indicated aggregate market value of $1,519,082.00, in reliance on Rule 144. A contextual figure of 182,622,749 common shares outstanding is provided as of the filing. The shares derive from an exercise of stock options for 38,281 shares and the settlement of restricted stock units for 9,369 shares, with option-related shares dated 08/14/2026 and RSU-related shares dated 08/11/2026.

Figure Technology Solutions, Inc. reported strong growth for the quarter ended June 30, 2026, with net revenue of $225.6 million compared with $106.1 million a year earlier and net income of $87.4 million versus $30.0 million. For the first six months of 2026, net revenue was $392.6 million and net income was $132.5 million, reflecting significant scaling in ecosystem and technology fees, gains on loan sales, and servicing asset revaluation.

Total assets rose to $3.02 billion, including $1.53 billion of cash, cash equivalents, and restricted cash, loans held for sale of $597.4 million, and marketable securities of $354.0 million. Stockholders’ equity attributable to the company increased to $1.41 billion, while total debt expanded to $963.0 million, including warehouse and retained interest facilities and fair value debt tied to its Democratized Prime and FCC products.

Operating cash flow for the first half of 2026 was $(73.0) million, driven by heavy loan origination, purchase, and securitization flows, while financing activities provided $414.9 million, largely from debt facilities. The company continued building a blockchain-focused lending and servicing platform, expanded servicing assets to $155.0 million on $17.3 billion of underlying loans, and maintained exposure to digital assets both as collateral and investment. It also disclosed a pending acquisition of Kiavi, Inc. supported by a committed bridge facility later replaced by a $600.0 million senior notes issuance after quarter-end.

Figure Technology Solutions, Inc. reported that Chief Capital Officer David Todd Stevens had 19,543 shares of Class A Common Stock withheld on August 11, 2026 to satisfy a tax liability arising from the vesting of restricted stock units. This was not a market sale. Following this withholding, Stevens directly held 386,508 shares of Class A Common Stock.

Figure Technology Solutions, Inc. reported very strong results for the quarter ended June 30, 2026. Net revenue was $225.6 million, up 113% year-over-year, driven by ecosystem and technology fees, loan origination, and gains on loan sales and servicing. Net income rose 192% to $87.4 million, lifting net income margin to 38.8%, while Adjusted EBITDA increased 126% to $119.4 million with a 54.6% margin.

Consumer Loan Marketplace volume reached $4.3 billion, up 132% year-over-year, including $2.8 billion of Figure Connect volume, now 65% of total marketplace volume. Cash and cash equivalents were $1.4 billion as of June 30, 2026. Management highlighted strong partner growth, expanding tokenized-capital platforms such as Figure Connect and Democratized Prime, and guided Q3 2026 Consumer Loan Marketplace volume to $4.8–$5.2 billion.

Figure Technology Solutions, Inc. director and 10% owner Michael Scott Cagney reported a Form 4 showing 29,612 shares of Class B Common Stock disposed at $28.82 per share to satisfy tax liability upon vesting of restricted stock units, described as not a market sale. Following this tax-withholding disposition, he directly holds 4,776,787 Class B shares and reports additional large indirect holdings through family and children’s trusts.