FIGR (FIGR) insider cashless exercise planned; Tannenbaum sold $6.06M in shares

Rhea-AI Filing Summary

FIGR reported Form 144 disclosures showing planned and recent dispositions of Class A Common stock by an insider. The filing lists securities "Acquired as compensation -- Stock Options" with a planned sale method of "Compensation -- Cashless exercise / same-day sale" dated 05/19/2026. The filing also records actual sales by Michael Tannenbaum on 04/28/2026 (122,342 shares for $4,083,360 and 5,027 shares for $164,014.92) and on 04/29/2026 (56,825 shares for $1,816,973.69), all of Class A Common stock.

Insights

Securities Compliance Counsel

Form 144 reports insider cashless exercise and multiple open-market dispositions.

The filing documents that Class A Common stock was "acquired as compensation -- Stock Options" and is to be sold via "cashless exercise / same-day sale" on 05/19/2026. That phrase signals an exercise-to-sell sequence where option shares are converted and immediately sold to cover consideration.

Recent reported transactions show Michael Tannenbaum sold 122,342 shares ($4,083,360), 5,027 shares ($164,014.92), and 56,825 shares ($1,816,973.69) on 04/28/2026 and 04/29/2026. The filing lists sale details; cash-flow treatment (who receives proceeds) follows standard 144 reporting conventions in similar cases.

Equity Compensation Specialist

Disclosures combine compensation-derived shares with same-day sale mechanics.

"Acquired as compensation -- Stock Options" plus "cashless exercise / same-day sale" indicates the insider will exercise options and effectuate a contemporaneous sale to satisfy exercise cost and tax withholding. The filing explicitly ties that method to the 05/19/2026 entry.

Observers may look for corresponding Form 4 or broker reports for exact trade mechanics; timing and settlement specifics are not included in this excerpt.

Key Figures

Planned securities entry: 14,871 shares Sale — 122,342 shares: 122,342 shares Sale — 5,027 shares: 5,027 shares +2 more

5 metrics

Planned securities entry 14,871 shares <date>05/19/2026</date> listing includes 14,871 (excerpt line item)

Sale — 122,342 shares 122,342 shares Sold on <date>04/28/2026</date> for <money>$4,083,360</money>

Sale — 5,027 shares 5,027 shares Sold on <date>04/28/2026</date> for <money>$164,014.92</money>

Sale — 56,825 shares 56,825 shares Sold on <date>04/29/2026</date> for <money>$1,816,973.69</money>

Aggregate proceeds shown $6,064,348.61 Sum of listed proceeds for the three reported trades in the excerpt

Key Terms

cashless exercise / same-day sale, Acquired as compensation -- Stock Options, Form 144

3 terms

cashless exercise / same-day sale financial

"Compensation -- Cashless exercise / same-day sale"

Acquired as compensation -- Stock Options financial

"Acquired as compensation -- Stock Options"

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	14871	538776.33	182622749	05/19/2026	NASD

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	05/19/2026	Acquired as compensation -- Stock Options	Issuer			14871	05/19/2026	Compensation -- Cashless exercise / same-day sale

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Michael Tannenbaum 100 West Liberty Street Suite 600 Reno NV 89501	Class A Common	04/28/2026	122342	4083360
Michael Tannenbaum 100 West Liberty Street Suite 600 Reno NV 89501	Class A Common	04/28/2026	5027	164014.92
Michael Tannenbaum 100 West Liberty Street Suite 600 Reno NV 89501	Class A Common	04/29/2026	56825	1816973.69

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did FIGR disclose on Form 144 about insider sales?

The filing discloses planned and completed dispositions of Class A Common stock. It lists a planned cashless exercise/same-day sale dated 05/19/2026 and completed sales by Michael Tannenbaum on 04/28/2026 and 04/29/2026.

How many shares did Michael Tannenbaum sell according to the filing?

The filing records three transactions: 122,342 shares, 5,027 shares, and 56,825 shares. Each sale is listed with the corresponding gross proceeds in the excerpt.

What proceeds are shown for the reported sales in the Form 144?

Proceeds reported are $4,083,360 for 122,342 shares, $164,014.92 for 5,027 shares, and $1,816,973.69 for 56,825 shares, as shown in the excerpt.

What does "cashless exercise / same-day sale" mean in this filing?

The phrase describes exercising stock options and immediately selling enough shares the same day to cover exercise costs and taxes. The filing ties that method to shares "acquired as compensation -- Stock Options" on 05/19/2026.

Does the Form 144 show who receives the sale proceeds?

The excerpt lists gross proceeds tied to each sale but does not separately state who receives net proceeds. The filing shows amounts associated with each transaction but does not allocate proceeds beyond those line items.