Figure Technology Solutions, Inc. is holding a completely virtual 2026 Annual Meeting on June 4, 2026, asking stockholders to elect eight directors and ratify KPMG LLP as independent auditor for 2026. Holders of Blockchain, Class A and Class B common stock of record on April 9, 2026 may vote, with Blockchain and Class A shares carrying one vote per share and Class B shares ten votes per share.
Class B common stock represents about 67.51% of voting power, making Figure a “controlled company” under Nasdaq rules; Michael Cagney controls a majority of the voting power. The board currently has eight members, five of whom are Nasdaq‑independent, and maintains Audit, Compensation, and Nominating and Corporate Governance Committees. The proxy details executive pay, including 2025 total compensation of about $9.9 million for CEO Michael Tannenbaum, largely from equity awards tied to service and the company’s recent IPO.
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.
Figure Technology Solutions director and 10% owner Michael Scott Cagney converted 67,840 shares of Class B Common Stock into Class A Common Stock, then sold the same 67,840 Class A shares in three open-market transactions on April 15, 2026 at weighted average prices of $33.8475, $35.1422, and $35.9328. These sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on December 12, 2025. After the transactions, he reported no direct Class A holdings but continued to hold 29,903,863 shares of Class B Common Stock directly and additional substantial indirect Class A and Class B interests through family trusts, an LLC, children’s trusts, and his spouse.
Figure Technology Solutions submitted a Form 144 reporting a proposed sale of 67,840 shares of Common Stock. The filing lists two batches of Restricted Stock Units acquired as compensation: 33,400 shares on 03/10/2026 and 34,440 shares on 04/10/2026
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.
Figure Technology Solutions director and 10% owner June Ou reported a routine tax-withholding transaction involving Class B Common Stock on April 10, 2026. The issuer withheld 32,247 shares indirectly held by her spouse to cover tax obligations on the vesting of restricted stock units at $34.08 per share, which the footnotes clarify was not a market sale.
Following this disposition, Ou continues to report substantial indirect holdings of Class B shares through multiple vehicles, including 29,971,703 shares held by her spouse, and additional indirect positions through a family trust and children’s trusts. The filing emphasizes that each Class B share is convertible into one Class A share, with automatic conversion upon most transfers, highlighting the ongoing equity exposure rather than an active reduction in ownership.
Figure Technology Solutions, Inc. reported strong preliminary March and Q1 2026 operating data, highlighting rapid growth in its blockchain-native lending ecosystem. For March 2026, Consumer Loan Marketplace Volume reached $1,190 million, up 33% month over month and 102% year over year, showing sharply higher loan activity on its platforms.
For Q1 2026, Consumer Loan Marketplace Volume totaled $2,902 million, a 7% increase versus Q4 2025 and 113% above Q1 2025. $YLDS in Circulation ended Q1 at $598 million, up 83% quarter over quarter. On the Democratized Prime platform, Q1 2026 Matched Offers Balance was $368 million (up 79% versus Q4), Borrower Demand was $376 million (up 53%), and Available Lender Supply reached $453 million (up 112%). The company emphasized that these figures are unaudited, preliminary operating metrics used alongside GAAP results.
Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil reported selling a total of 8,000 shares of Class A Common Stock on March 24, 2026 in open-market transactions. The shares were sold at weighted average prices, with individual trades occurring between approximately $32.14 and $34.24 per share. These sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025. After the transactions, Kgil directly owned 556,098 shares of the company’s Class A Common Stock, indicating the sales represented a relatively small portion of her holdings.
Figure Technology Solutions Chief Capital Officer David Todd Stevens exercised stock options and sold shares in a planned transaction. On March 19, 2026, he exercised options to acquire 38,281 shares of Class A Common Stock at an exercise price of $4.82 per share.
That same day he sold a total of 49,708 shares of Class A Common Stock in open-market transactions, including 19,998 shares at a weighted average price of $31.4548, 24,630 shares at $32.2824, and 5,080 shares at $33.0043. The sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025, and he held 436,089 shares directly after these transactions.