Morgan Creek funds to sell Figure (FIGR) shares on Nasdaq
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.
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Key Figures
Shares to be sold: 50,190 shares
Shares outstanding: 185,672,153 shares
Acquisition date of shares: 02/27/2019
+2 more
5 metrics
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
Key Terms
Rule 144, affiliate, Private Placement, Investment Manager
4 terms
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
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.