Tax withholding move for Figure (FIGR) director and 10% owner
Rhea-AI Filing Summary
Figure Technology Solutions director and 10% owner June Ou reported a routine tax-withholding transaction involving Class B Common Stock on April 10, 2026. The issuer withheld 32,247 shares indirectly held by her spouse to cover tax obligations on the vesting of restricted stock units at $34.08 per share, which the footnotes clarify was not a market sale.
Following this disposition, Ou continues to report substantial indirect holdings of Class B shares through multiple vehicles, including 29,971,703 shares held by her spouse, and additional indirect positions through a family trust and children’s trusts. The filing emphasizes that each Class B share is convertible into one Class A share, with automatic conversion upon most transfers, highlighting the ongoing equity exposure rather than an active reduction in ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Ou June
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class B Common Stock | 32,247 | $34.08 | $1.10M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 29,971,703 shares (Indirect, By Spouse);
Class B Common Stock — 4,313,645 shares (Indirect, By Family Trust);
Class B Common Stock — 2,237,012 shares (Indirect, By Rockfish LLC);
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-withheld shares: 32,247 shares
Implied share value: $34.08 per share
Spouse indirect holding: 29,971,703 shares
+5 more
8 metrics
Tax-withheld shares
32,247 shares
Class B Common Stock withheld for RSU tax on April 10, 2026
Implied share value
$34.08 per share
Value used for tax-withholding disposition
Spouse indirect holding
29,971,703 shares
Class B Common Stock held indirectly by spouse after transaction
Family trust holding
4,313,645 shares
Class B underlying Class A shares held by family trust
Rockfish LLC holding
2,237,012 shares
Class B underlying Class A shares held by Rockfish LLC
Children’s Trust 1 holding
3,185,970 shares
Class B underlying Class A shares held by Children’s Trust 1
Children’s Trust 2 holding
3,185,970 shares
Class B underlying Class A shares held by Children’s Trust 2
Tax-withholding transactions
1 transaction, 32,247 shares
Summary of derivative tax-withholding dispositions in this Form 4
Key Terms
Class B Common Stock, Class A Common Stock, restricted stock units, tax-withholding disposition, +2 more
6 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.
Class A Common Stock financial
"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
"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-withholding disposition financial
"transaction_action":"tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
indirect ownership financial
"ownership_type":"indirect""
ten percent owner financial
""is_ten_percent_owner": 1"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FIGR director June Ou report on this Form 4?
June Ou reported a tax-withholding disposition of 32,247 shares of Class B Common Stock on April 10, 2026. The issuer withheld these shares to satisfy tax on vesting restricted stock units, and the filing specifies this was not a market sale.
What indirect FIGR holdings does June Ou report after the tax withholding?
After the tax withholding, June Ou reports 29,971,703 Class B shares held indirectly by her spouse, plus additional indirect holdings through a family trust and children’s trusts. These positions show she maintains a very large economic interest in Figure Technology Solutions.