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
4 transactions reported
Mixed
4 txns
Insider
Ou June
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class B Common Stock | 30,370 | $28.07 | $852K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 32,043,819 shares (Indirect, By Spouse);
Class B Common Stock — 4,313,645 shares (Indirect, By Family Trust);
Class B Common Stock — 3,185,970 shares (Indirect, By Children's Trust 1);
Class B Common Stock — 3,185,970 shares (Indirect, By Children's Trust 2)
Footnotes (2)
- F1. 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.
- F2. Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale.
Key Figures
Tax-withholding shares: 30,370 shares
Tax-withholding price: $28.07 per share
Spouse indirect holding: 32,043,819 shares
+4 more
7 metrics
Tax-withholding shares
30,370 shares
Class B shares withheld to satisfy RSU tax liability
Tax-withholding price
$28.07 per share
Value used for RSU-related withholding
Spouse indirect holding
32,043,819 shares
Class B Common Stock held indirectly via spouse after transaction
Children’s Trust 1 holding
3,185,970 shares
Class B Common Stock held indirectly
Children’s Trust 2 holding
3,185,970 shares
Class B Common Stock held indirectly
Family Trust holding
4,313,645 shares
Class B Common Stock held indirectly
Class B conversion ratio
1:1 into Class A
Each Class B share convertible into one Class A share
Key Terms
Class B Common Stock, Class A Common Stock, restricted stock units, tax liability, +1 more
5 terms
Class B Common Stock financial
"Each outstanding share of Class B Common Stock will be convertible at any time at the option of the holder"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"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"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
restricted stock units financial
"Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units."
permitted transfers regulatory
"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."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did FIGR director Ou June report in this Form 4?
The filing reports updated indirect holdings and a single F-code transaction where 30,370 Class B shares were withheld at $28.07 per share to cover tax liabilities on vested restricted stock units, explicitly described as not a market sale.
How are Ou June’s FIGR holdings structured according to the Form 4?
Holdings are reported as indirect, spread across two children’s trusts, a family trust, and a large position held by the spouse. All are in Class B Common Stock, which is convertible one-for-one into Class A Common Stock under the terms described in the footnotes.
What does the Form 4 say about conversion rights on FIGR Class B Common Stock?
Each Class B share is convertible at any time, at the holder’s option, into one Class A share. The Form 4 also notes that Class B shares automatically convert into Class A upon most transfers, except for certain permitted transfers defined in the company’s structure.