Figure (NYSE: FIGR) director logs tax-withholding on 32,247 Class B shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions director and 10% owner Michael Scott Cagney reported a tax-related share disposition involving the company’s dual-class stock. On April 10, 2026, 32,247 shares of Class B Common Stock were withheld at $34.08 per share to satisfy tax liability on vesting restricted stock units, which the filing states was not a market sale.
After this tax-withholding event, Cagney directly held 29,971,703 shares of Class B Common Stock. He also reported additional indirect Class B holdings through a family trust, Rockfish LLC, and two children’s trusts, each of which is convertible into an equal number of Class A Common shares under the company’s dual-class structure.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Cagney Michael Scott
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 32,247 | $34.08 | $1.10M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 29,971,703 shares (Direct);
Class B Common Stock — 4,313,645 shares (Indirect, By Family Trust)
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. Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale.
Key Figures
Tax-withheld shares: 32,247 shares
Withholding price: $34.08 per share
Direct Class B holdings: 29,971,703 shares
+4 more
7 metrics
Tax-withheld shares
32,247 shares
Class B Common Stock withheld for tax liability on RSU vesting
Withholding price
$34.08 per share
Value used for tax-withholding disposition on April 10, 2026
Direct Class B holdings
29,971,703 shares
Direct Class B Common Stock after tax-withholding event
Family trust indirect holdings
4,313,645 shares
Class B Common Stock held indirectly by Family Trust
Rockfish LLC indirect holdings
2,237,012 shares
Class B Common Stock held indirectly by Rockfish LLC
Children’s Trust 1 holdings
3,185,970 shares
Class B Common Stock held indirectly by Children's Trust 1
Children’s Trust 2 holdings
3,185,970 shares
Class B Common Stock held indirectly by Children's Trust 2
Key Terms
Class B Common Stock, Class A Common Stock, restricted stock units, tax liability, +2 more
6 terms
Class B Common Stock financial
"Each outstanding share of Class B Common Stock will be convertible at any time"
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
"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.
restricted stock units financial
"Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"shares withheld by the Issuer to satisfy tax liability on vesting"
Family Trust financial
"nature_of_ownership": "By Family Trust""
indirect ownership financial
"ownership_type": "indirect""
FAQ
What insider transaction did FIGR’s Michael Scott Cagney report on April 10, 2026?
Michael Scott Cagney reported a tax-withholding disposition of 32,247 shares of Class B Common Stock. The shares were withheld by Figure Technology Solutions to cover tax liability on vesting restricted stock units at $34.08 per share and were not sold in the market.
How does FIGR’s dual-class structure affect the reported Class B holdings?
Each Class B Common share is convertible into one Class A Common share at any time at the holder’s option. Additionally, Class B converts automatically into Class A upon most transfers, except for certain permitted transfers, linking Cagney’s Class B positions directly to equivalent Class A share potential.