Figure CFO has 23,330 shares withheld for taxes
Figure Technology Solutions’ CFO settled RSU tax obligations via share withholding, with no open-market sale and over 460,000 shares still held.
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. (FIGR) reported that Chief Financial Officer Minchung Kgil had 23,330 shares of Class A Common Stock withheld on September 2, 2026 to satisfy tax liability upon vesting of restricted stock units. According to the company’s disclosure, this was not a market sale. After this tax-withholding transaction, the CFO directly holds 460,321 shares of Class A Common Stock.
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Insights
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Insider Trade Summary
Tax Withholding: 23,330 shares
Tax Withholding
1 txn
Insider
Kgil Minchung
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 23,330 | $33.19 | $774K |
Holdings After Transaction:
Class A Common Stock — 460,321 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: 23,330 shares
Reported value per share: $33.19 per share
Shares held after transaction: 460,321 shares
3 metrics
Shares withheld for taxes
23,330 shares
Withheld on September 2, 2026 to satisfy tax liability on RSU vesting
Reported value per share
$33.19 per share
Applied to 23,330 withheld shares of Class A Common Stock
Shares held after transaction
460,321 shares
CFO’s direct holdings of Class A Common Stock after withholding
Key Terms
restricted stock units, withheld by the Issuer, tax liability
3 terms
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.
withheld by the Issuer financial
"Represents shares withheld by the Issuer to satisfy tax liability"
tax liability financial
"withheld by the Issuer to satisfy tax liability on vesting"
FAQ
What insider transaction did FIGR report for its CFO on September 2, 2026?
Figure Technology Solutions, Inc. reported that its CFO, Minchung Kgil, had 23,330 shares of Class A Common Stock withheld to cover tax liability on vesting of restricted stock units, and the company states this was not a market sale.
Was the FIGR CFO’s September 2026 Form 4 transaction an open-market sale?
No. The filing explains the 23,330 shares were withheld by the issuer to satisfy tax liability on vesting of restricted stock units and explicitly notes it was not a market sale.
Was the FIGR CFO’s Form 4 transaction under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with this tax-withholding transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.