STOCK TITAN

Morgan Creek funds to sell Figure (FIGR) shares on Nasdaq

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Figure Technology Solutions, Inc. (FIGR) received a notice that Morgan Creek Capital Management, LLC, as investment manager to certain shareholders, intends to sell shares of Figure common stock under Rule 144. The proposed sale covers 50,190 shares of common stock through Merrill Lynch on Nasdaq.

The notice states that Figure had 185,672,153 common shares outstanding as of the time referenced. The shares to be sold were originally acquired in a private placement on 02/27/2019 for cash. Morgan Creek Capital Management, LLC and the related selling entities state that they expressly disclaim status as an “affiliate” of Figure within the meaning of Rule 144.

Positive

  • None.

Negative

  • None.
Shares to be sold 50,190 shares Proposed Rule 144 sale of Figure common stock
Shares outstanding 185,672,153 shares Figure common shares outstanding referenced in the notice
Acquisition date of shares 02/27/2019 Date the securities to be sold were acquired in a private placement
Proposed sale date reference 08/18/2026 Date associated with the proposed Nasdaq sale of the shares
Shares per proposed sale vs. outstanding 50,190 vs. 185,672,153 shares Comparison of proposed sale size to total common stock outstanding
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
affiliate regulatory
"entities expressly disclaim status as an "affiliate" of the Issuer"
Private Placement financial
"Common | 02/27/2019 | Private Placement | Issuer"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
Investment Manager financial
"Investment Manager to Shareholders"

FAQ

What share sale was disclosed for Figure Technology Solutions, Inc. (FIGR)?

The notice discloses a proposed Rule 144 sale of 50,190 shares of common stock of Figure Technology Solutions, Inc. The shares are to be sold through Merrill Lynch on Nasdaq by entities managed by Morgan Creek Capital Management, LLC.

Who is selling Figure Technology Solutions (FIGR) shares under this Rule 144 notice?

The seller is identified as Morgan Creek Capital Management, LLC, acting as investment manager to shareholders. The shares are held by Morgan Creek Blockchain Opportunities Fund LP and Morgan Creek Private Opportunities LLC Series J – Figure.

How many Figure Technology Solutions (FIGR) shares are outstanding in this notice?

The notice states that Figure Technology Solutions, Inc. has 185,672,153 common shares outstanding. This figure provides context for the size of the proposed 50,190-share sale relative to the company’s total common stock.

When and how were the Figure Technology Solutions (FIGR) shares being sold acquired?

The shares proposed for sale were acquired on 02/27/2019 in a private placement from the issuer for cash. This establishes a holding period and origin of the securities in connection with the planned Rule 144 sale.

Does Morgan Creek consider itself an affiliate of Figure Technology Solutions (FIGR)?

Morgan Creek Capital Management, LLC and the related entities state they expressly disclaim status as an “affiliate” of Figure Technology Solutions, Inc. This statement is made within the meaning of Rule 144 under the Securities Act.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature