Figure Technology CFO sells 9,117 company shares
Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil reported an open-market sale of 9,117 shares of Class A Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil reported an open-market sale of 9,117 shares of Class A Common Stock. The shares were sold at a weighted average price of $30.0562, in multiple trades between $30.005 and $30.12. Following this transaction, Kgil directly holds 507,651 shares of the company.
Insider Trade Summary
Net Seller: 9,117 shares
Net Sell
1 txn
Insider
Kgil Minchung
Role
Chief Financial Officer
Sold
9,117 shs ($274K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 9,117 | $30.0562 | $274K |
Holdings After Transaction:
Class A Common Stock — 507,651 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.005 to $30.12. 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: 9,117 shares
Weighted average sale price: $30.0562 per share
Post-transaction holdings: 507,651 shares
+1 more
4 metrics
Shares sold
9,117 shares
Open-market sale of Class A Common Stock
Weighted average sale price
$30.0562 per share
Average across multiple sale transactions
Post-transaction holdings
507,651 shares
Shares directly held after sale by CFO
Sale price range
$30.005–$30.12 per share
Range of prices for individual trades in the sale
Key Terms
weighted average price, open-market sale, Class A Common Stock, Form 4
4 terms
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.
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.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Figure Technology Solutions (FIGR) disclose in this Form 4?
Figure Technology Solutions disclosed that its CFO, Minchung Kgil, sold 9,117 shares of Class A Common Stock in an open-market transaction at a weighted average price of $30.0562 per share, and now directly holds 507,651 shares.
Was the FIGR CFO transaction an open-market sale or another type?
The transaction was an open-market sale of Class A Common Stock by Figure Technology Solutions’ CFO. It is coded as a “Sale in open market or private transaction,” indicating a standard disposition rather than an option exercise, gift, or tax withholding event.
What does the weighted average price mean in the FIGR Form 4 filing?
The weighted average price of $30.0562 means the 9,117 FIGR shares were sold in multiple trades at prices between $30.005 and $30.12. The average sale price is calculated by weighting each trade’s price by the number of shares sold at that price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates