Figure (NYSE: FIGR) director has 68,059 shares withheld for tax
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. director and ten percent owner Michael Scott Cagney reported that 68,059 shares of Class B Common Stock were disposed of on March 3, 2026 as a tax-withholding disposition. According to the disclosure, these shares were withheld by the issuer to satisfy tax liability on the vesting of restricted stock units and were not a market sale, at a price of $29.72 per share.
After this transaction, Cagney directly held 30,037,236 shares of Class B Common Stock. The filing also lists indirect holdings of Class B Common Stock as of that date: 4,313,645 shares held by a family trust, 2,237,012 shares held by Rockfish LLC, and 3,185,970 shares held by each of Children's Trust 1 and Children's Trust 2.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class B Common Stock | 68,059 | $29.72 | $2.02M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
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.
FAQ
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