Figure Technology director reports tax-share withholding
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Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. director and 10% owner June Ou reported a Form 4 showing that 29,612 shares of Class B Common Stock held indirectly through a spouse were withheld to satisfy tax liability on vesting of restricted stock units at $28.82 per share, described as not a market sale. Following this, the spouse holds 4,776,787 Class B shares indirectly, with additional indirect Class B holdings through a family trust and two children’s trusts, each share convertible into one share of Class A Common Stock.
Insights
Analyzing...
Insider Trade Summary
Tax Withholding: 29,612 shares
Tax Withholding
4 txns
Insider
Ou June
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock F1, F2 | 29,612 | $28.82 | $853K |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Class B Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 4,776,787 contracts (Indirect, By Spouse);
Class B Common Stock — 31,521,107 contracts (Indirect, By Family Trust);
Class B Common Stock — 3,185,970 contracts (Indirect, By Children's Trust 1);
Class B Common Stock — 3,185,970 contracts (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
Shares withheld for tax: 29,612 shares
Withholding price: $28.82 per share
Spouse indirect holdings: 4,776,787 shares
+4 more
7 metrics
Shares withheld for tax
29,612 shares
Class B Common Stock withheld to satisfy tax liability on RSU vesting
Withholding price
$28.82 per share
Price used for 29,612 Class B shares withheld for tax liability
Spouse indirect holdings
4,776,787 shares
Class B Common Stock held indirectly by spouse after the transaction
Family trust holdings
31,521,107 shares
Class B Common Stock held indirectly via family trust
Children’s Trust 1 holdings
3,185,970 shares
Class B Common Stock held indirectly via Children’s Trust 1
Children’s Trust 2 holdings
3,185,970 shares
Class B Common Stock held indirectly via Children’s Trust 2
Conversion ratio
1 share Class B to 1 share Class A
Each Class B share convertible at any time into one Class A share
Key Terms
Class B Common Stock, restricted stock units, permitted transfers, indirect ownership
4 terms
Class B Common Stock financial
"Each outstanding share of Class B Common Stock will be convertible at any time"
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.
restricted stock units financial
"tax liability on vesting of restricted stock units. Not a market sale"
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.
permitted transfers financial
"convert automatically into one share of Class A Common Stock upon any transfer ... except for certain permitted transfers"
indirect ownership financial
"total_shares_following_transaction held as indirect ownership by spouse and trusts"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did June Ou report in this Form 4 for FIGR?
June Ou reported that 29,612 shares of Class B Common Stock were withheld to cover tax liability on vesting of restricted stock units at $28.82 per share, characterized as not a market sale.
What other indirect FIGR holdings are reported for June Ou?
Indirect holdings include 31,521,107 Class B shares via a family trust and 3,185,970 Class B shares in each of two children’s trusts, with each Class B share convertible into one Class A share.
What is the conversion feature of FIGR Class B Common Stock?
Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock at the holder’s option and generally converts automatically into Class A upon transfer, subject to certain permitted transfers.
Is the FIGR Form 4 transaction under a Rule 10b5-1 plan?
The data does not indicate use of a Rule 10b5-1 trading plan; the filing’s plan-related checkbox is shown as false, and the footnotes describe only tax withholding on RSU vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
