Figure Technology Solutions insider tax withholding
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Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. director and 10% owner Michael Scott Cagney reported that 29,958 shares of Class B Common Stock were withheld at $31.80 per share on July 10, 2026 to satisfy tax liabilities on vested restricted stock units, not through a market sale. Following this tax-withholding disposition, he holds 4,806,399 Class B shares directly and also reports substantial indirect Class B holdings through two children’s trusts and a family trust, each convertible into Class A Common Stock on a one-for-one basis.
Insider Trade Summary
Tax Withholding: 29,958 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, F3 | 29,958 | $31.80 | $953K |
| holding | Class B Common Stock F1, F3 | -- | -- | -- |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Class B Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 4,806,399 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 (3)
- 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.
- F3. Reflects a gift transfer exempt from reporting pursuant to Rule 16a-13.
Key Figures
Shares withheld for taxes: 29,958 shares
Withholding price: $31.80 per share
Direct Class B holdings after transaction: 4,806,399 shares
+3 more
6 metrics
Shares withheld for taxes
29,958 shares
F-code tax-withholding disposition on July 10, 2026 tied to RSU vesting
Withholding price
$31.80 per share
Price used for the 29,958 Class B shares withheld for tax liability
Direct Class B holdings after transaction
4,806,399 shares
Direct Class B Common Stock owned by Cagney following the tax withholding
Children’s Trust 1 indirect holdings
3,185,970 shares
Class B shares held indirectly via Children’s Trust 1, convertible into Class A one-for-one
Children’s Trust 2 indirect holdings
3,185,970 shares
Class B shares held indirectly via Children’s Trust 2, convertible into Class A one-for-one
Family Trust indirect holdings
31,521,107 shares
Class B shares held indirectly via a family trust, convertible into Class A one-for-one
Key Terms
tax-withholding disposition, restricted stock units, Rule 16a-13, Class B Common Stock, +1 more
5 terms
tax-withholding disposition financial
"transaction_action is a tax-withholding disposition to satisfy tax liability"
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.
restricted stock units financial
"tax liability on vesting of restricted stock units. Not a market sale."
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 16a-13 regulatory
"Reflects a gift transfer exempt from reporting pursuant to Rule 16a-13."
Class B Common Stock financial
"Each outstanding share of Class B Common Stock will be convertible at any time"
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.
Class A Common Stock financial
"convertible at any time into one share of 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Figure Technology Solutions (FIGR) report on July 10, 2026?
Michael Scott Cagney reported a tax-withholding disposition of 29,958 Class B shares on July 10, 2026. The shares were withheld by the issuer to cover tax liabilities from vested restricted stock units, and the filing notes this was not a market sale.
What indirect trust holdings in Figure Technology Solutions (FIGR) does the filing show?
The filing reports indirect holdings of 3,185,970 Class B shares in each of two children’s trusts and 31,521,107 Class B shares in a family trust. Each Class B share is convertible into one Class A share, subject to transfer-related automatic conversion terms.
Does this FIGR Form 4 reflect an open-market sale by Michael Scott Cagney?
No, the Form 4 specifies that the 29,958 shares represent shares withheld to satisfy tax liability on RSU vesting. A footnote explicitly states this is not a market sale, distinguishing it from discretionary open-market selling activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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