FIGR (NASDAQ: FIGR) affiliate files Form 144 to sell Class A shares

Rhea-AI Filing Summary

FIGR affiliate files Form 144 notifying proposed sales of Class A Common shares. The filing lists multiple proposed dispositions dated 04/28/2026 through 05/19/2026, including reported share lots such as 122,342 shares (proceeds $4,075,052.98) and 56,825 shares (proceeds $1,816,973.69). The transactions are described as acquired as compensation and executed via cashless exercise / same-day sale.

Insights

Securities Attorney

Form 144 lists proposed affiliate sales of Class A Common shares via cashless exercise and same-day sale.

The filing names an affiliate associated with multiple proposed dispositions dated 04/28/2026–05/19/2026, showing specific lots and dollar amounts, and characterizes the shares as acquired as compensation. This notice is procedural under Rule 144 and signals intended resale, not company issuance.

Timing and final execution depend on broker handling and compliance with Rule 144 conditions; subsequent filings will report completed sales if executed. Future public filings may show completed transactions and any changes to beneficial ownership.

Key Figures

122,342 shares: 122,342 shares Proceeds for 122,342-share lot: $4,075,052.98 56,825 shares: 56,825 shares +3 more

6 metrics

122,342 shares 122,342 shares proposed sale dated <date>04/28/2026</date>

Proceeds for 122,342-share lot $4,075,052.98 proceeds reported alongside the 04/28/2026 lot

56,825 shares 56,825 shares proposed sale dated <date>04/29/2026</date>

Proceeds for 56,825-share lot $1,816,973.69 proceeds reported alongside the 04/29/2026 lot

Other reported lots 5,026; 5,508; 5,027; 4,337 shares additional lots dated <date>04/28/2026</date>–<date>05/19/2026</date>

Proceeds for several small lots $187,081.79; $203,882.48; $172,328.58; $163,235.14 proceeds reported for corresponding small lots in April–May <date>2026</date>

Key Terms

Rule 144, cashless exercise, same-day sale, Class A Common

4 terms

Rule 144 regulatory

"Form 144 notice of proposed sale under 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.

cashless exercise financial

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

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

same-day sale market

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

Class A Common financial

"Class A Common listed as the security to be sold"

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	2031	73928.4	182622749	05/20/2026	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	05/20/2026	Acquired as compensation -- Stock Options	Issuer			2031	05/20/2026	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	05/19/2026	5026	187081.79
Michael Tannenbaum 100 West Liberty Street Suite 600 Reno NV 89501	Class A Common	04/28/2026	122342	4075052.98
Michael Tannenbaum 100 West Liberty Street Suite 600 Reno NV 89501	Class A Common	05/19/2026	5508	203882.48
Michael Tannenbaum 100 West Liberty Street Suite 600 Reno NV 89501	Class A Common	04/28/2026	5027	172328.58
Michael Tannenbaum 100 West Liberty Street Suite 600 Reno NV 89501	Class A Common	04/29/2026	56825	1816973.69
Michael Tannenbaum 100 West Liberty Street Suite 600 Reno NV 89501	Class A Common	05/19/2026	4337	163235.14

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 does FIGR's Form 144 filing mean?

It notifies the SEC of proposed sales of Class A Common shares by an affiliate. The filing lists dated lots and planned methods such as cashless exercise and same-day sale, which are procedural notices under Rule 144 rather than confirmations of completed sales.

Who is the seller named in the FIGR Form 144?

The filing references an individual at the Reno address, identified as the reporting affiliate. The entries list that person as the seller across multiple dates including 04/28/2026 and 05/19/2026, with specific share lots and proceeds shown.

How many shares and proceeds are listed in the FIGR excerpt?

The excerpt shows separate lots such as 122,342 shares for $4,075,052.98 and 56,825 shares for $1,816,973.69, plus additional smaller lots dated in April and May 2026 with their respective proceeds.

Are these shares newly issued by FIGR?

No. The filing indicates the shares were "acquired as compensation" and the listed transactions are proposed resales by an affiliate, described as cashless exercise and same-day sale methods rather than new issuances by the company.

Does Form 144 confirm the sales were completed?

Form 144 is a notice of proposed sale and does not by itself confirm settlement. Execution and settlement depend on broker activity and Rule 144 conditions; completed sales would typically appear in subsequent transfer or reporting filings.