Figure Technology Solutions (FIGR) exec sells 47,650 shares after $4.82 option exercise
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. (FIGR) reported that Chief Capital Officer David Todd Stevens exercised a stock option for 38,281 shares of Class A Common Stock at an exercise price of $4.82 per share, leaving 497,657 options reported as remaining. On the same date, he sold an aggregate of 47,650 shares of Class A Common Stock in multiple transactions at weighted average prices between approximately $30.70 and $33.18 per share. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025, and included shares acquired through the option exercise.
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Insights
Analyzing...
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Stevens David Todd
Role
Chief Capital Officer
Sold
47,650 shs ($1.50M)
Approx. gross sale proceeds
$1.50M
Approx. exercise cost
$185K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F5 | 38,281 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 38,281 | $4.82 | $185K |
| Sale | Class A Common Stock F1, F2 | 40,778 | $31.2573 | $1.27M |
| Sale | Class A Common Stock F1, F3 | 6,135 | $32.0295 | $197K |
| Sale | Class A Common Stock F1, F4 | 737 | $32.9439 | $24K |
Holdings After Transaction:
Stock Option — 497,657 shares (Direct);
Class A Common Stock — 376,599 shares (Direct)
Footnotes (5)
- 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 $30.70 to $31.68. 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 $31.70 to $32.58. 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.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.70 to $33.18. 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.
- F5. The option vested with respect to one quarter of the underlying shares on November 11, 2025, and with respect to the remaining shares in 36 monthly installments thereafter.
Key Figures
Options Exercised: 38,281 shares
Exercise Price: $4.82 per share
Shares Sold: 47,650 shares
+5 more
8 metrics
Options Exercised
38,281 shares
Stock option for Class A Common Stock exercised on 2026-08-14
Exercise Price
$4.82 per share
Conversion or exercise price of the stock option exercised
Shares Sold
47,650 shares
Total Class A Common Stock sold across three S-coded transactions
Sale Price (weighted average block 1)
$31.2573 per share
Weighted average for 40,778 shares sold; actual trades $30.70–$31.68
Sale Price (weighted average block 2)
$32.0295 per share
Weighted average for 6,135 shares sold; actual trades $31.70–$32.58
Sale Price (weighted average block 3)
$32.9439 per share
Weighted average for 737 shares sold; actual trades $32.70–$33.18
Options Remaining
497,657 options
Total stock options reported following the option exercise
10b5-1 Plan Adoption Date
December 10, 2025
Date the Rule 10b5-1 trading plan governing these sales was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, stock option, vesting, +1 more
5 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 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.
stock option financial
"The option vested with respect to one quarter of the underlying shares"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
vesting financial
"The option vested with respect to one quarter ... and with respect to the remaining shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did FIGR executive David Todd Stevens report in this Form 4?
David Todd Stevens exercised 38,281 stock options and reported selling 47,650 shares of Figure Technology Solutions, Inc. Class A Common Stock in multiple transactions on August 14, 2026, including shares received from the option exercise.
At what price did David Todd Stevens exercise options in FIGR stock?
He exercised options for 38,281 shares of FIGR Class A Common Stock at an exercise price of $4.82 per share. These options were part of a grant vesting over time, with remaining options reported after the transaction.
How many FIGR stock options does David Todd Stevens report holding after the transactions?
Following the option exercise on August 14, 2026, David Todd Stevens reports 497,657 stock options remaining. The exercised option originally vested in part on November 11, 2025, with the rest vesting in 36 monthly installments thereafter.
What is the vesting schedule of the FIGR option exercised by David Todd Stevens?
The exercised option vested as to one quarter of its underlying shares on November 11, 2025, with the remaining shares vesting in 36 monthly installments after that date, reflecting a time-based vesting structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
