FIGR (FIGR) CFO Minchung Kgil sells 4,000 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil reported an open-market sale of Class A Common Stock. The filing shows a sale of 4,000 shares at a weighted average price of $30.0326 per share. After the transaction, Kgil directly holds 499,651 shares. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025, indicating the trades were scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,000 shares ($120,130)
Net Sell
1 txn
Insider
Kgil Minchung
Role
Chief Financial Officer
Sold
4,000 shs ($120K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,000 | $30.0326 | $120K |
Holdings After Transaction:
Class A Common Stock — 499,651 shares (Direct, null)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.07. 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.
Key Figures
Shares sold: 4,000 shares
Average sale price: $30.0326 per share
Post-transaction holdings: 499,651 shares
+2 more
5 metrics
Shares sold
4,000 shares
Open-market sale of Class A Common Stock on 2026-06-30
Average sale price
$30.0326 per share
Weighted average price for 4,000 shares sold
Post-transaction holdings
499,651 shares
Direct Class A Common Stock held after sale
Price range of sales
$30.00 to $30.07
Range of individual trade prices within the reported sale
Net buy/sell shares
-4,000 shares
Transaction summary net-sell direction
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Class A Common Stock
4 terms
Rule 10b5-1 trading plan financial
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 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.
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.
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 on this Form 4?
FIGR’s Chief Financial Officer Minchung Kgil reported selling 4,000 shares of Class A Common Stock. The shares were sold in an open-market transaction at a weighted average price of $30.0326 per share, as detailed in the Form 4 insider filing.
What type of security did the FIGR Form 4 transaction involve?
The transaction involved FIGR Class A Common Stock. The Form 4 describes a non-derivative open-market sale of 4,000 shares of this class, with details on price, trade date, and the CFO’s direct share ownership after the transaction.