Insider June Ou (FIGR) sells 67,840 shares after Class B conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions director and 10% owner June Ou reported a conversion and sale of shares held indirectly through a spouse account. On April 15, 2026, 67,840 shares of Class B Common Stock were converted into 67,840 shares of Class A Common Stock at a conversion price of $0.00 per share. The converted Class A shares were then sold in three open-market transactions of 14,121, 26,158, and 27,561 shares at weighted average prices of $33.8475, $35.1422, and $35.9328 per share, respectively, under a Rule 10b5‑1 trading plan adopted on December 12, 2025. Following these sales, that spouse-held Class A position was reduced to zero, while Ou continues to hold 6,128,993 shares of Class A Common Stock directly and substantial Class B holdings indirectly through various family trusts and an LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 67,840 shares ($2,387,554)
Net Sell
11 txns
Insider
Ou June
Role
Director, 10% Owner
Sold
67,840 shs ($2.39M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 67,840 | $0.00 | -- |
| Conversion | Class A Common Stock | 67,840 | $0.00 | -- |
| Sale | Class A Common Stock | 14,121 | $33.8475 | $478K |
| Sale | Class A Common Stock | 26,158 | $35.1422 | $919K |
| Sale | Class A Common Stock | 27,561 | $35.9328 | $990K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 29,903,863 shares (Indirect, By Spouse);
Class A Common Stock — 67,840 shares (Indirect, By Spouse);
Class A Common Stock — 6,128,993 shares (Direct)
Footnotes (1)
- Each outstanding share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.56 to $34.395. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.595 to $35.58. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.605 to $36.35. 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. Reflects shares acquired in a transaction exempt from reporting pursuant to Rule 16a-9.
Key Figures
Class B converted: 67,840 shares
Class A shares sold: 67,840 shares
First sale price: $33.8475 per share
+5 more
8 metrics
Class B converted
67,840 shares
Converted into Class A Common Stock on April 15, 2026
Class A shares sold
67,840 shares
Open-market sales on April 15, 2026
First sale price
$33.8475 per share
Weighted average for 14,121-share sale tranche
Second sale price
$35.1422 per share
Weighted average for 26,158-share sale tranche
Third sale price
$35.9328 per share
Weighted average for 27,561-share sale tranche
Direct Class A holdings
6,128,993 shares
Total Class A Common Stock held directly after transactions
Spouse Class A balance
0 shares
Class A Common Stock held indirectly by spouse after sales
Derivative exercise count
1 transaction
Conversion of Class B into Class A on April 15, 2026
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, Class A Common Stock, weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Class B Common Stock financial
"Each outstanding share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"Each outstanding share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.56 to $34.395."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Rule 16a-9 financial
"Reflects shares acquired in a transaction exempt from reporting pursuant to Rule 16a-9."
FAQ
What insider transactions did June Ou report for Figure Technology Solutions (FIGR)?
June Ou reported converting 67,840 shares of Class B Common Stock into 67,840 Class A shares, then selling all 67,840 Class A shares in three open-market transactions on April 15, 2026, through an account held indirectly by a spouse.
Was June Ou’s FIGR stock sale made under a Rule 10b5-1 trading plan?
Yes. The Form 4 states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025, indicating the transactions were pre-scheduled rather than made on a purely discretionary basis.