Figure Technology (NYSE: FIGR) CEO sells 184,194 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions Chief Executive Officer Michael Benjamin Tannenbaum reported a mix of stock option exercise and open-market sales of the company’s Class A Common Stock. On April 28–29, 2026, he sold an aggregate of 184,194 shares in several open-market transactions at weighted average prices in the low-to-mid $30 range, with detailed price ranges provided in the filing footnotes.
The sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025, indicating they were scheduled in advance. He also exercised stock options for 12,567 shares at a $4.82 exercise price, converting derivative awards into common stock. Following these transactions, he directly holds 3,193,641 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 184,194 shares ($6,064,355)
Net Sell
8 txns
Insider
Tannenbaum Michael Benjamin
Role
Chief Executive Officer
Sold
184,194 shs ($6.06M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 47,875 | $31.8401 | $1.52M |
| Sale | Class A Common Stock | 8,844 | $32.6862 | $289K |
| Sale | Class A Common Stock | 106 | $33.5256 | $4K |
| Exercise | Stock Option | 12,567 | $0.00 | -- |
| Exercise | Class A Common Stock | 12,567 | $4.82 | $61K |
| Sale | Class A Common Stock | 30,135 | $32.3062 | $974K |
| Sale | Class A Common Stock | 49,692 | $33.2595 | $1.65M |
| Sale | Class A Common Stock | 47,542 | $34.0983 | $1.62M |
Holdings After Transaction:
Class A Common Stock — 3,202,591 shares (Direct);
Stock Option — 4,574,783 shares (Direct)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 3, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.69 to $32.68. 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. 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 $33.68. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.725 to $34.36. 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 $31.38 to $32.285. 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 $32.395 to $33.39. 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 $33.525 to $33.5275. 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 option vested with respect to one quarter of the underlying shares on April 22, 2025, and vests with respect to the remaining shares in 36 monthly installments thereafter.
Key Figures
Shares sold: 184,194 shares
Shares from option exercise: 12,567 shares
Option exercise price: $4.82 per share
+5 more
8 metrics
Shares sold
184,194 shares
Open-market sales on April 28–29, 2026
Shares from option exercise
12,567 shares
Stock options exercised on April 28, 2026
Option exercise price
$4.82 per share
Stock option conversion into Class A Common Stock
Post-transaction holdings
3,193,641 shares
Class A Common Stock held directly after transactions
Sale price example
$31.69–$32.68
One weighted-average sale price range disclosed in footnotes
Highest disclosed sale range
$33.725–$34.36
Another weighted-average sale price range from footnotes
Trading plan adoption date
December 3, 2025
Rule 10b5-1 plan governing the reported sales
Option expiration
April 22, 2034
Expiration date of the exercised stock option grant
Key Terms
Rule 10b5-1 trading plan, weighted average price, derivative security, Stock Option, +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 3, 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. These shares were sold in multiple transactions..."
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.
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.
Stock Option financial
"security_title": "Stock Option""
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.
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did FIGR’s CEO report in this Form 4?
Figure Technology Solutions CEO Michael Benjamin Tannenbaum reported a combination of stock sales and an option exercise. He sold 184,194 Class A shares in open-market transactions and exercised options for 12,567 shares at a $4.82 exercise price.
What price ranges were involved in the FIGR CEO’s stock sales?
The filing notes weighted average sale prices with detailed ranges. Different sale blocks occurred between $31.38 and $34.36 per share, with each block’s specific range disclosed in separate footnotes for investors seeking granular transaction pricing information.