Figure (NYSE: FIGR) CFO has 23,330 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil had 23,330 shares of Class A Common Stock withheld by the company at $32.09 per share to cover taxes on vesting of restricted stock units. This was not a market sale, and Kgil now directly holds 516,768 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Mixed
1 txn
Insider
Kgil Minchung
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 23,330 | $32.09 | $749K |
Holdings After Transaction:
Class A Common Stock — 516,768 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 23,330 shares
Withholding share value: $32.09 per share
Shares owned after transaction: 516,768 shares
3 metrics
Shares withheld for taxes
23,330 shares
Withheld on RSU vesting to satisfy tax liability
Withholding share value
$32.09 per share
Value used for RSU tax-withholding disposition
Shares owned after transaction
516,768 shares
Class A Common Stock directly owned after Form 4 event
Key Terms
restricted stock units, tax-withholding disposition, Class A Common Stock
3 terms
restricted stock units financial
"satisfy 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.
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.
Class A Common Stock financial
"security_title": "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
What insider transaction did FIGR CFO Minchung Kgil report?
FIGR’s Chief Financial Officer Minchung Kgil reported a tax-related share disposition. The company withheld 23,330 Class A Common Stock shares to cover taxes on vested restricted stock units, rather than selling them on the open market.
Was the FIGR CFO’s Form 4 transaction an open-market sale?
No, the CFO’s Form 4 transaction was not an open-market sale. The 23,330 shares were withheld by Figure Technology Solutions to satisfy tax liabilities upon RSU vesting, as explicitly described in the filing footnote.
What does transaction code F mean in the FIGR CFO’s Form 4?
Transaction code F indicates a tax-withholding disposition in the FIGR CFO’s Form 4. It shows shares were delivered or withheld to satisfy tax or exercise costs, rather than being voluntarily sold on the market for investment or liquidity reasons.