FIGR CEO Tannenbaum sells 16,902 shares under 10b5-1 plan, retains large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. Chief Executive Officer Michael Benjamin Tannenbaum reported an exercise-and-sell sequence in Class A Common Stock. He exercised stock options to acquire a total of 16,902 shares at an exercise price of $4.82 per share on May 19 and May 20, 2026, then sold 16,902 shares in open-market transactions.
The reported sales were executed at weighted average prices of $37.25, $38.15 and $36.03 per share across multiple trades, and were carried out under a Rule 10b5-1 trading plan adopted on December 3, 2025. After these transactions, he directly holds 3,193,641 shares of Class A Common Stock and 4,559,912 stock options, with the option grant expiring on April 22, 2034.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 16,902 shares ($627,370)
Net Sell
7 txns
Insider
Tannenbaum Michael Benjamin
Role
Chief Executive Officer
Sold
16,902 shs ($627K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 2,031 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,031 | $4.82 | $10K |
| Sale | Class A Common Stock | 2,031 | $36.027 | $73K |
| Exercise | Stock Option | 14,871 | $0.00 | -- |
| Exercise | Class A Common Stock | 14,871 | $4.82 | $72K |
| Sale | Class A Common Stock | 14,562 | $37.2485 | $542K |
| Sale | Class A Common Stock | 309 | $38.145 | $12K |
Holdings After Transaction:
Stock Option — 4,557,881 shares (Direct);
Class A Common Stock — 3,195,672 shares (Direct)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 3, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.91 to $37.73. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.05 to $38.31. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.62 to $36.45. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The option vested with respect to one quarter of the underlying shares on April 22, 2025, and vests with respect to the remaining shares in 36 monthly installments thereafter.
Key Figures
Shares sold: 16,902 shares
Sale price (weighted averages): $37.2485, $38.1450, $36.0270 per share
Exercise price: $4.82 per share
+5 more
8 metrics
Shares sold
16,902 shares
Total Class A Common Stock sold across May 19–20, 2026
Sale price (weighted averages)
$37.2485, $38.1450, $36.0270 per share
Weighted average prices for reported open-market sales
Exercise price
$4.82 per share
Stock option exercise price for Class A Common Stock
Shares acquired via exercise
16,902 shares
Class A Common Stock acquired through option exercises
Common shares held after
3,193,641 shares
Direct Class A Common Stock ownership following transactions
Options held after
4,559,912 options
Stock options outstanding after May 20, 2026 exercises
Option expiration
April 22, 2034
Expiration date of the stock option grant
Net buy/sell shares
16,902 net shares sold
Net of open-market buy/sell activity in this Form 4
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Option, exercise or conversion of derivative security, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 3, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Stock Option financial
"security_title: "Stock Option""
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.
exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did FIGR CEO Michael Tannenbaum report in this Form 4?
FIGR CEO Michael Tannenbaum reported exercising stock options for 16,902 shares, then selling 16,902 Class A Common shares in open-market transactions. These trades occurred on May 19 and May 20, 2026 under a pre-arranged Rule 10b5-1 trading plan.
Were the FIGR CEO’s stock sales made under a Rule 10b5-1 plan?
Yes. The Form 4 states the sales were effected under a Rule 10b5-1 trading plan adopted on December 3, 2025. Such plans pre-schedule trades, making transaction timing more routine and less discretionary for the insider.
What are the key terms of the FIGR CEO’s stock options exercised and remaining?
The exercised and remaining FIGR stock options have an exercise price of $4.82 per share and expire on April 22, 2034. The option initially vested partly on April 22, 2025, with the remaining shares vesting in 36 monthly installments thereafter.