3.8M Figure Technology (NYSE: FGRS) shares reallocated in filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions director Adam Boyden reported an internal restructuring involving 3,811,094 shares of Class A Common Stock on March 9, 2026. A venture fund complex made a pro rata distribution of these shares to its members for no consideration, and it was explicitly described as not a market sale.
After the transaction, entities associated with Boyden indirectly held 2,840,064 shares via RPM Ventures III, BGW Ventures III, and RPM Ventures IV, while 405,123 shares were held indirectly through The Boyden Family Trust. Boyden and a co‑manager share voting and dispositive power over the venture fund holdings, and Boyden disclaims beneficial ownership beyond his economic interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boyden Adam Gilbert
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 3,811,094 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,840,064 shares (Indirect, See footnotes)
Footnotes (1)
- Represents a pro rata distribution to its members for no consideration. Not a market sale. The sole general partner for RPM Ventures III, L.P. ("RPM III") and RPM Ventures III-A, L.P. ("RPM III-A") is RPM Ventures III GP L.L.C. ("RPM III GP"). The sole general partner for BGW Ventures III, L.P. ("BGW III") is BGW Ventures III GP, L.L.C. ("BGW III GP"). The sole general partner for RPM Ventures IV, L.P. ("RPM IV") and RPM Ventures IV-A, L.P. ("RPM IV-A") is RPM Ventures IV GP L.L.C. ("RPM IV GP"). The managing members of each of RPM III GP, BGW III GP, and RPM IV GP are Adam Boyden and Marc Weiser (the "Managing Members"). The Managing Members share voting and dispositive power with respect to the shares held directly by each of RPM III (for itself and nominee for RPM III-A), BGW III, and RPM IV (for itself and nominee for RPM IV-A). The Reporting Person disclaims beneficial ownership with respect to such shares except to the extent of his pecuniary interest therein. Following the transaction reported on this Form 4, consists of (i) 408,643 shares of Class A Common Stock held by RPM III (for itself and as nominee for RPM III-A), (ii) 1,440,363 shares of Class A Common Stock held by BGW III and (iii) 991,058 shares of Class A Common Stock held by RPM IV (for itself and as nominee for RPM IV-A). Reflects shares acquired in a transaction exempt from reporting pursuant to Rule 16a-9 and Rule 16a-13. See footnotes (1) and (2).