Figure Technology Solutions (FIGR) funds sell 216,713 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. reported that investment funds associated with director Sachin Chand Jaitly sold a total of 216,713 shares of Class A common stock in open-market transactions. Tessera Venture Capital Fund, LP and Tessera Venture Capital Fund II, LP sold all of their shares, with weighted average prices around $33.50 and $34.38. Due to an ethical wall and related arrangements, Jaitly disclaims beneficial and pecuniary interest in the shares sold, and the Tessera funds now hold zero shares of the company’s Class A stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 216,713 shares ($7,289,831)
Net Sell
4 txns
Insider
Jaitly Sachin Chand
Role
Director
Sold
216,713 shs ($7.29M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 156,947 | $33.5012 | $5.26M |
| Sale | Class A Common Stock | 28,795 | $34.3848 | $990K |
| Sale | Class A Common Stock | 26,170 | $33.5012 | $877K |
| Sale | Class A Common Stock | 4,801 | $34.3848 | $165K |
Holdings After Transaction:
Class A Common Stock — 28,795 shares (Indirect, By Tessera Venture Capital Fund, LP)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.00 to $33.98. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Tessera Venture Capital Fund GP, LLC is the general partner of Tessera Venture Capital Fund, LP. Tessera Venture Capital Fund II GP, LLC is the general partner of Tessera Venture Capital Fund II, LP. The reporting person is a Managing Partner of each of Tessera Venture Capital Fund GP, LLC and Tessera Venture Capital Fund II GP, LLC, and may be deemed to beneficially own the securities reported herein, but disclaims beneficial ownership except to the extent of his pecuniary interest, if any, therein. Due to an ethical wall between the reporting person and each of Tessera Venture Capital Fund, LP and Tessera Venture Capital Fund II, LP (the "Tessera Funds") that prevents (i) the sharing of information related to the Issuer between the reporting person and the Tessera Funds and their respective representatives, and (ii) participation in investment or voting decisions with respect to the shares of Class A common stock of the Issuer held by the Tessera Funds. As a result thereof, the reporting person disclaims any beneficial or pecuniary interest in any of the shares sold by the Tessara Funds. Following the reported transaction, the Tessera Funds held zero shares of the Issuer's Class A common stock. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.00 to $34.76. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.