Figure Technology (FIGR) CEO has 148,216 shares withheld for taxes
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. disclosed that Chief Executive Officer Michael Benjamin Tannenbaum had 132,861 shares of Class A Common Stock withheld on July 22, 2026 at $30.04 per share and 15,355 shares withheld on July 23, 2026 at $29.24 per share, totaling 148,216 shares. These were tax-withholding dispositions to satisfy tax liability on vesting of restricted stock units and were not open-market sales.
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Insights
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Insider Trade Summary
Net Seller: 148,216 shares
Net Sell
2 txns
Insider
Tannenbaum Michael Benjamin
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 15,355 | $29.24 | $449K |
| Tax Withholding | Class A Common Stock F1 | 132,861 | $30.04 | $3.99M |
Holdings After Transaction:
Class A Common Stock — 3,045,425 shares (Direct)
Footnotes (1)
- F1. 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 (2026-07-22): 132861 shares at $30.04
Shares withheld for taxes (2026-07-23): 15355 shares at $29.24
Total shares withheld for tax liability: 148216 shares
+1 more
4 metrics
Shares withheld for taxes (2026-07-22)
132861 shares at $30.04
Class A Common Stock withheld to satisfy tax liability on RSU vesting
Shares withheld for taxes (2026-07-23)
15355 shares at $29.24
Additional Class A Common Stock withheld for tax liability on RSU vesting
Total shares withheld for tax liability
148216 shares
Aggregate shares withheld on July 22–23, 2026 for tax obligations
Tax-withholding disposition transactions
2 transactions
Both coded F as payment of tax liability by delivering or withholding securities
Key Terms
restricted stock units, tax-withholding disposition, withheld by the Issuer
3 terms
restricted stock units financial
"satisfy tax liability on vesting of restricted stock units. Not a market"
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
withheld by the Issuer financial
"Represents shares withheld by the Issuer to satisfy tax liability"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Figure Technology Solutions (FIGR) disclose?
Figure Technology Solutions reported that CEO Michael Benjamin Tannenbaum had 148,216 Class A shares withheld by the issuer on July 22–23, 2026 to cover tax liability on vesting of restricted stock units. These events were tax-withholding dispositions, not market sales.
Were Michael Benjamin Tannenbaum’s FIGR transactions market sales?
No. A footnote explains the shares were withheld by the issuer to satisfy tax liability on vesting of restricted stock units and were “Not a market sale.” The transactions are classified as tax-withholding dispositions rather than open-market share sales.
What security was involved in the recent FIGR insider tax-withholding transactions?
The transactions involved Class A Common Stock of Figure Technology Solutions, Inc. Shares were withheld in connection with the vesting of restricted stock units, meaning stock-based compensation converted into shares that were partly retained by the issuer to pay related tax obligations.
Were the FIGR insider tax-withholding transactions under a Rule 10b5-1 plan?
The Rule 10b5-1 trading-plan checkbox for these transactions is not marked, indicating they were not reported as being executed pursuant to a Rule 10b5-1 trading arrangement, but instead as share withholdings to cover tax liabilities on equity award vesting.