Figure Technology (FIGR) insider June Ou nets 35,190-share sale under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions director and 10% owner June Ou reported a series of insider trades and conversions involving Class A and Class B shares. On May 13, 2026, accounts held by the reporting person’s spouse sold an aggregate of 35,190 shares of Class A Common Stock in open-market transactions at weighted average prices ranging from approximately $35.18 to $40.94, executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 12, 2025.
On the same date, 35,190 shares of Class B Common Stock held indirectly converted into 35,190 shares of Class A Common Stock, and 31,496 shares of Class B Common Stock were disposed of to satisfy tax liabilities on restricted stock unit vesting, which was not a market sale. Following these transactions, the filing shows Ou holding 6,128,993 shares of Class A Common Stock directly, along with additional Class A and Class B holdings through family and children’s trusts.
Positive
- None.
Negative
- None.
Insights
Net planned selling and conversions, with large remaining holdings.
The filing shows June Ou associated accounts selling 35,190 shares of Class A Common Stock while simultaneously converting 35,190 Class B shares into Class A. These trades were executed under a pre-arranged Rule 10b5-1 trading plan, indicating they were scheduled in advance.
There is also a tax-withholding disposition of 31,496 Class B shares tied to restricted stock unit vesting, which is explicitly described as not a market sale. After these actions, Ou still directly holds 6,128,993 Class A shares and substantial additional Class B positions via trusts. Overall, this appears as routine liquidity and equity-structure management rather than a transformative change in ownership.
Insider Trade Summary 10b5-1
Net Seller: 35,190 shares ($1,344,274)
Net Sell
14 txns
Insider
Ou June
Role
null
Sold
35,190 shs ($1.34M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 35,190 | $0.00 | -- |
| Conversion | Class A Common Stock | 35,190 | $0.00 | -- |
| Sale | Class A Common Stock | 2,394 | $35.6786 | $85K |
| Sale | Class A Common Stock | 5,849 | $36.6052 | $214K |
| Sale | Class A Common Stock | 10,105 | $37.5654 | $380K |
| Sale | Class A Common Stock | 6,202 | $38.2952 | $238K |
| Sale | Class A Common Stock | 2,958 | $39.4848 | $117K |
| Sale | Class A Common Stock | 7,682 | $40.4653 | $311K |
| Tax Withholding | Class B Common Stock | 31,496 | $37.63 | $1.19M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 32,074,189 shares (Indirect, By Spouse);
Class A Common Stock — 35,190 shares (Indirect, By Spouse);
Class A Common Stock — 6,128,993 shares (Direct, null)
Footnotes (1)
- 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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.175 to $35.995. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.02 to $36.995. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.005 to $37.995. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.00 to $38.965. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.00 to $39.98. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.935. 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. Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale. Reflects shares acquired in a transaction exempt from reporting pursuant to Rule 16a-13.
Key Figures
Shares sold: 35,190 shares Class A
Sale price range: $35.18–$40.94 per share
Shares converted: 35,190 shares
+3 more
6 metrics
Shares sold
35,190 shares Class A
Open-market sales on May 13, 2026
Sale price range
$35.18–$40.94 per share
Weighted average price ranges from multiple trades
Shares converted
35,190 shares
Class B Common Stock converted into Class A on May 13, 2026
Tax-withholding shares
31,496 shares Class B
Withheld to satisfy RSU tax liability at $37.63
Direct Class A holdings
6,128,993 shares
Class A Common Stock held directly after transactions
Indirect Class A holdings
17,661 shares
Class A Common Stock held by family trust after transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units, tax-withholding disposition, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025."
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.
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.
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.
conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
Class B Common Stock financial
"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."
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.
FAQ
What insider transactions did June Ou report in Figure Technology Solutions (FIGR) stock?
June Ou reported spouse-held accounts selling 35,190 shares of Class A Common Stock on May 13, 2026, plus a conversion of 35,190 Class B shares into Class A and a 31,496-share tax-withholding disposition linked to restricted stock unit vesting.
Were June Ou’s FIGR stock sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states the reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025. Such plans pre-schedule trades, indicating the timing reflects a pre-arranged program rather than discretionary short-term market timing.