Figure Technology insider reports tax-share withholding
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. director and 10% owner Michael Scott Cagney reported a Form 4 showing 29,612 shares of Class B Common Stock disposed at $28.82 per share to satisfy tax liability upon vesting of restricted stock units, described as not a market sale. Following this tax-withholding disposition, he directly holds 4,776,787 Class B shares and reports additional large indirect holdings through family and children’s trusts.
Insights
Analyzing...
Insider Trade Summary
Tax Withholding: 29,612 shares
Tax Withholding
4 txns
Insider
Cagney Michael Scott
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock F1, F2 | 29,612 | $28.82 | $853K |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Class B Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 4,776,787 contracts (Direct);
Class B Common Stock — 31,521,107 contracts (Indirect, By Family Trust);
Class B Common Stock — 3,185,970 contracts (Indirect, By Children's Trust 1);
Class B Common Stock — 3,185,970 contracts (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
Shares withheld for taxes: 29,612 shares
Withholding price per share: $28.82 per share
Direct holdings after transaction: 4,776,787 shares
+3 more
6 metrics
Shares withheld for taxes
29,612 shares
Class B Common Stock withheld to satisfy RSU tax liability
Withholding price per share
$28.82 per share
Value used for 29,612-share tax-withholding disposition
Direct holdings after transaction
4,776,787 shares
Direct Class B Common Stock owned by Michael Scott Cagney after disposition
Family Trust indirect holdings
31,521,107 shares
Class B Common Stock held indirectly by Family Trust
Children’s Trust 1 holdings
3,185,970 shares
Class B Common Stock held indirectly by Children’s Trust 1
Children’s Trust 2 holdings
3,185,970 shares
Class B Common Stock held indirectly by Children’s Trust 2
Key Terms
Class B Common Stock, restricted stock units, Rule 10b5-1, indirect ownership, +1 more
5 terms
Class B Common Stock financial
"Represents transactions and holdings in Class B Common Stock convertible into Class A"
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.
restricted stock units financial
"Represents 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.
Rule 10b5-1 regulatory
"The document-level Rule 10b5-1 checkbox indicates whether trades used a pre-arranged plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
indirect ownership financial
"Indirect ownership reported by Family Trust and Children’s Trusts holding Class B shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FIGR director Michael Scott Cagney report?
Michael Scott Cagney reported a tax-withholding disposition of 29,612 Class B shares at $28.82 per share, used to satisfy tax liability on vesting restricted stock units. The filing states this was not a market sale of Figure Technology Solutions stock.
What are Michael Scott Cagney’s direct FIGR holdings after this transaction?
After the reported tax-withholding disposition, Michael Scott Cagney directly holds 4,776,787 shares of Figure Technology Solutions Class B Common Stock. This figure reflects his direct ownership only and is separate from additional indirect holdings through various trusts.
What indirect FIGR holdings does Michael Scott Cagney report through trusts?
He reports indirect holdings of Class B Common Stock including 31,521,107 shares held by a Family Trust and 3,185,970 shares each held by Children’s Trust 1 and Children’s Trust 2. These positions are reported as indirect ownership of underlying Class A shares.
Was the FIGR insider transaction made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes describe the event as shares withheld for tax liability on restricted stock unit vesting, rather than discretionary trading under a pre-arranged trading plan.
What does transaction code F mean in this FIGR Form 4?
Transaction code F indicates payment of tax liability or exercise price by delivering or withholding securities. Here, a footnote specifies the 29,612 shares were withheld by the issuer to satisfy tax liability on restricted stock units, and that it was not a market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
