Figure Technology (FIGR) director updates indirect holdings after RSU tax withholding
Rhea-AI Filing Summary
Figure Technology Solutions director and 10% owner Ou June reported updated indirect holdings in Class B Common Stock. The filing lists shares held through two children's trusts and a family trust, each convertible into an equal number of Class A shares. It also shows an indirect position via a spouse.
The only new transaction is a Form F entry for 30,370 shares, representing securities withheld at a price of $28.07 per share to cover tax liabilities on vesting of restricted stock units, described as not a market sale. Following this, the spouse-related indirect holding stands at 32,043,819 shares.
Positive
- None.
Negative
- None.
Insights
Filing reflects routine equity tax withholding, not market selling.
The key event is an F-code transaction where 30,370 Class B shares, indirectly held via the spouse, were used to satisfy tax obligations on vested restricted stock units at $28.07 per share. Footnote language clarifies this is not a market sale.
The remaining indirect holdings are substantial across children’s trusts, a family trust, and the spouse, all convertible one-for-one into Class A shares. As this is a compensation-related tax withholding with no open-market trade, it is best viewed as an administrative update rather than a signal about the insider’s outlook.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 30,370 | $28.07 | $852K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Each outstanding share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers. Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale.