[Form 4] Figure Technology Solutions, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jaitly Sachin Chand, a director of Figure Technology Solutions, Inc. (FIGR), reported multiple acquisitions of the issuer's securities on Form 4. On 08/29/2025 he acquired 16,189 and 2,700 shares of Class A common stock indirectly through Tessera Venture Capital Fund I, LP and Tessera Venture Capital Fund II, LP, respectively, in exchange for securities of a predecessor entity. On 09/12/2025 he reported additional acquisitions: 169,553 and 28,271 shares of Class A common stock via the same funds, and related derivative-to-common conversions showing Series B, C and D preferred stock converting into a total of 197,824 Class A shares. The filings state these holdings are indirect through Tessera entities and note automatic conversion of preferred into Class A at IPO.

Positive

• Material disclosure of insider holdings providing transparency on indirect ownership through Tessera funds
• Conversions from preferred to Class A common are clearly reported, showing post-IPO share counts
• Form filed timely with signature by attorney-in-fact, indicating procedural compliance

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider reported substantial indirect acquisitions and preferred-to-common conversions around the IPO, increasing indirect Class A exposure.

The Form 4 discloses material movements of equity-related instruments tied to the company’s IPO process. The reporting person is a managing partner of the general partners for Tessera Venture Capital Fund I, LP and Tessera Venture Capital Fund II, LP and reports beneficial ownership indirectly. Significant counts include aggregate additions that, after conversion, total 197,824 Class A shares attributed to preferred conversions plus the earlier listed common share exchanges. All transactions are reported as acquisitions or automatic conversions tied to the issuer’s registration and IPO. The filing includes a clear disclaimer by the reporting person limiting pecuniary ownership to his economic interest.

Corporate Governance Expert

TL;DR: Report highlights governance-related insider holdings held indirectly through venture funds, disclosed per Section 16 rules.

The disclosure shows compliance with Section 16 reporting for an insider with a governance role. The reporting person checked the Director box and filed as one reporting person. Transactions include pre-IPO exchanges and automatic conversion of preferred stock to Class A common at IPO, which is customary in business combinations and public listings. The Form 4 appropriately identifies the indirect ownership vehicle and includes the standard pecuniary interest disclaimer. No amendments or corrective statements are indicated.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Jaitly Sachin Chand

(Last) (First) (Middle)

C/O FIGURE TECHNOLOGY SOLUTIONS, INC.

100 WEST LIBERTY STREET, SUITE 600

(Street)

RENO NV 89501

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Figure Technology Solutions, Inc. [ FIGR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/29/2025(1)		A(2)		16,189	A	(2)	16,189	I	By Tessera Venture Capital Fund I, LP(3)
Class A Common Stock	08/29/2025(1)		A(2)		2,700	A	(2)	2,700	I	By Tessera Venture Capital Fund II, LP(3)
Class A Common Stock	09/12/2025		C		169,553	A	(4)	185,742	I	By Tessera Venture Capital Fund I, LP(3)
Class A Common Stock	09/12/2025		C		28,271	A	(4)	30,971	I	By Tessera Venture Capital Fund II, LP(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series B Preferred Stock	(4)	09/12/2025		C			106,088	(4)	(4)	Class A Common Stock	106,088	(4)	0	I	By Tessera Venture Capital Fund I, LP(3)
Series C Preferred Stock	(4)	09/12/2025		C			63,465	(4)	(4)	Class A Common Stock	63,465	(4)	0	I	By Tessera Venture Capital Fund I, LP(3)
Series D Preferred Stock	(4)	09/12/2025		C			28,271	(4)	(4)	Class A Common Stock	28,271	(4)	0	I	By Tessera Venture Capital Fund II, LP(3)

Explanation of Responses:

1. This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a).

2. Represents an acquisition of securities of the Issuer in exchange for securities of Figure Markets Holdings, Inc. pursuant to a business recombination transaction.

3. Tessera Venture Capital Fund GP, LLC is the general partner of Tessera Venture Capital Fund I, LP. Tessera Venture Capital Fund II GP, LLC is the general partner of Tessera Venture Capital Fund II, LP. The Reporting Person is a Managing Partner of each of Tessera Venture Capital Fund GP, LLC and Tessera Venture Capital Fund II GP, LLC, and may be deemed to beneficially own the securities reported herein, but disclaims beneficial ownership except to the extent of his pecuniary interest therein.

4. Immediately prior to the closing of the Issuer's initial public offering, each share of preferred stock of the Issuer automatically converted into one share of Class A Common Stock.

Remarks:

	/s/ Ronald Chillemi, Attorney-in-Fact	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did the FIGR Form 4 report?

The Form 4 reports acquisitions on 08/29/2025 and 09/12/2025 of Class A common stock and conversions of Series B, C and D preferred into Class A common totaling 197,824 shares from the reported preferred conversions.

Who is the reporting person on the FIGR Form 4?

The reporting person is Jaitly Sachin Chand, identified as a Director and a Managing Partner of the general partners of Tessera Venture Capital Fund I, LP and Tessera Venture Capital Fund II, LP.

Are the reported holdings direct or indirect for FIGR?

The holdings are reported as indirect beneficial ownership through Tessera Venture Capital Fund I, LP and Tessera Venture Capital Fund II, LP, with a disclaimer limiting claimed beneficial ownership to pecuniary interest.

Did the Form 4 disclose any price paid for the transactions?

The filing indicates acquisitions in exchange for securities of a predecessor entity and automatic preferred-to-common conversion at IPO; no cash prices for the reported transactions are provided.

Was the Form 4 filed for a single reporting person or multiple?

The filer checked that the Form was filed by one reporting person.