Figure Technology (NYSE: FIGR) CFO sells 8,000 shares in preset trades
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. (FIGR) reported that Chief Financial Officer Minchung Kgil sold Class A Common Stock in two open-market transactions on August 24, 2026. The transactions, made under a Rule 10b5-1 trading plan adopted on December 10, 2025, totaled 8,000 shares at weighted average prices within disclosed ranges.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 8,000 shares
Net Sell
2 txns
Insider
Kgil Minchung
Role
Chief Financial Officer
Sold
8,000 shs ($310K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 7,500 | $38.6436 | $290K |
| Sale | Class A Common Stock F1, F3 | 500 | $39.364 | $20K |
Holdings After Transaction:
Class A Common Stock — 483,651 shares (Direct)
Footnotes (3)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.23 to $39.20. 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.32 to $39.42. 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 (first transaction): 7,500 shares of Class A Common Stock
Weighted average sale price (first transaction): $38.6436 per share
Shares sold (second transaction): 500 shares of Class A Common Stock
+3 more
6 metrics
Shares sold (first transaction)
7,500 shares of Class A Common Stock
Sold on August 24, 2026 under transaction code S
Weighted average sale price (first transaction)
$38.6436 per share
7,500 shares sold at prices ranging from $38.23 to $39.20
Shares sold (second transaction)
500 shares of Class A Common Stock
Sold on August 24, 2026 under transaction code S
Weighted average sale price (second transaction)
$39.3640 per share
500 shares sold at prices ranging from $39.32 to $39.42
Total shares sold
8,000 shares
Aggregate of both reported sales on August 24, 2026
Rule 10b5-1 plan adoption date
December 10, 2025
Sales made pursuant to a Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A Common Stock
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... were effected pursuant to a Rule 10b5-1 trading plan"
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.
weighted average price financial
"The price reported ... is a weighted average price. These shares were sold"
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 transactions did FIGR disclose in this Form 4?
FIGR disclosed that Chief Financial Officer Minchung Kgil sold a total of 8,000 shares of Class A Common Stock on August 24, 2026 in open-market transactions at weighted average prices within specified ranges.
Were the FIGR insider sales made under a Rule 10b5-1 plan?
Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025, indicating the transactions followed a pre-established trading arrangement.
Does the Form 4 state the CFO’s FIGR holdings after these sales?
No. For both reported transactions, the field for total shares following the transaction is blank, so the filing does not state the CFO’s remaining Class A Common Stock holdings.
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