Figure (NYSE: FIGR) CLO reports 245K options at $27.55, expiring 2036
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. (symbol FIGR) reported the initial equity holdings of officer Brian Walter Crist, who serves as CLO and Corporate Secretary. He holds an award of 245,000 restricted stock units that vest 25% on July 27, 2027 and then in 12 substantially equal quarterly installments. He also holds a stock option over 245,000 shares of Class A Common Stock at an exercise price of $27.55 per share, vesting 25% on July 27, 2027, with the remaining underlying shares vesting in 36 substantially equal monthly installments, and expiring on July 28, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Crist Brian Walter
Role
CLO and Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option F2 | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Stock Option — 245,000 shares (Direct);
Class A Common Stock — 245,000 shares (Direct)
Footnotes (2)
- F1. Represents an award of restricted stock units ("RSUs"), which vest as to 25% on July 27, 2027 and in 12 substantially equal quarterly installments thereafter.
- F2. The option vests with respect to 25% of the underlying shares on July 27, 2027, and vests with respect to the remaining underlying shares in 36 substantially equal monthly installments thereafter.
Key Figures
Restricted Stock Units: 245,000 RSUs
RSU Initial Vesting Date: July 27, 2027
Stock Option Underlying Shares: 245,000 shares
+2 more
5 metrics
Restricted Stock Units
245,000 RSUs
Award to Brian Walter Crist, vesting from July 27, 2027
RSU Initial Vesting Date
July 27, 2027
25% of RSUs vest on this date
Stock Option Underlying Shares
245,000 shares
Underlying Class A Common Stock for stock option
Stock Option Exercise Price
$27.55 per share
Exercise price for the stock option held by Brian Walter Crist
Stock Option Expiration Date
July 28, 2036
Expiration of the reported stock option position
Key Terms
restricted stock units ("RSUs"), Stock Option, underlying shares, substantially equal quarterly installments, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"), which vest as to 25%"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Option financial
"The option vests with respect to 25% of the underlying shares"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
substantially equal quarterly installments financial
"vest as to 25% on July 27, 2027 and in 12 substantially equal quarterly"
substantially equal monthly installments financial
"and vests with respect to the remaining underlying shares in 36 substantially equal"
FAQ
What equity awards does FIGR officer Brian Walter Crist report on this Form 3?
Brian Walter Crist reports 245,000 RSUs and a stock option over 245,000 shares of Class A Common Stock, with both awards vesting beginning on July 27, 2027 according to specified schedules.
How many restricted stock units does FIGR’s Brian Walter Crist hold?
He holds an award of 245,000 restricted stock units (RSUs). The RSUs vest 25% on July 27, 2027 and then in 12 substantially equal quarterly installments thereafter.
What are the terms of Brian Walter Crist’s stock option reported at FIGR?
He holds a stock option over 245,000 shares of Class A Common Stock with an exercise price of $27.55 per share, vesting 25% on July 27, 2027 and the remaining shares in 36 substantially equal monthly installments, expiring on July 28, 2036.
When do Brian Walter Crist’s FIGR RSUs start vesting?
The RSUs start vesting on July 27, 2027, when 25% of the award vests. The remaining RSUs vest in 12 substantially equal quarterly installments after that date.
When does Brian Walter Crist’s FIGR stock option expire?
The reported stock option held by Brian Walter Crist over 245,000 underlying shares of Class A Common Stock has an expiration date of July 28, 2036.
AI-generated analysis. How Rhea-AI works. Not financial advice.
