Figure (FIGR) CFO’s 4,000-share sale disclosed under 10b5-1 trading plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil reported open-market sales of an aggregate 4,000 shares of Class A Common Stock. The transactions on June 24, 2026 were executed at weighted average prices ranging from about $27.40 to $29.01 per share, across multiple trade ranges described in the footnotes. After these sales, Kgil held 503,651 shares directly. The filing notes that all sales were made pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025, indicating the trades were scheduled in advance.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,000 shares ($110,573)
Net Sell
3 txns
Insider
Kgil Minchung
Role
Chief Financial Officer
Sold
4,000 shs ($111K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,232 | $27.3981 | $89K |
| Sale | Class A Common Stock | 704 | $28.644 | $20K |
| Sale | Class A Common Stock | 64 | $29.0125 | $2K |
Holdings After Transaction:
Class A Common Stock — 504,419 shares (Direct, null)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.97 to $27.91. 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 $27.96 to $28.94. 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 $28.97 to $29.08. 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.
Key Figures
Shares sold: 4,000 shares
Sale price (transaction 1): $27.3981 per share
Sale price (transaction 2): $28.6440 per share
+2 more
5 metrics
Shares sold
4,000 shares
Aggregate open-market sales on June 24, 2026
Sale price (transaction 1)
$27.3981 per share
Weighted average price for 3,232-share sale
Sale price (transaction 2)
$28.6440 per share
Weighted average price for 704-share sale
Sale price (transaction 3)
$29.0125 per share
Weighted average price for 64-share sale
Shares held after transactions
503,651 shares
Direct Class A Common Stock ownership after sales
Key Terms
Rule 10b5-1 trading plan, open-market sale, weighted average price, Class A Common Stock
4 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 10, 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.
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.
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.
Class A Common Stock financial
"security_title": "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.
FAQ
What insider transaction did FIGR CFO Minchung Kgil report?
FIGR’s CFO Minchung Kgil reported selling 4,000 shares of Class A Common Stock in open-market transactions. These trades were executed on June 24, 2026 and disclosed in a Form 4 insider filing with post-transaction direct ownership also reported.