Figure insider reports tax-withholding share disposition
Figure Technology Solutions director and 10% owner Michael Scott Cagney reported a tax-related share disposition involving the company’s dual-class stock.
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Rhea-AI Filing Summary
Figure Technology Solutions director and 10% owner Michael Scott Cagney reported a tax-related share disposition involving the company’s dual-class stock. On April 10, 2026, 32,247 shares of Class B Common Stock were withheld at $34.08 per share to satisfy tax liability on vesting restricted stock units, which the filing states was not a market sale.
After this tax-withholding event, Cagney directly held 29,971,703 shares of Class B Common Stock. He also reported additional indirect Class B holdings through a family trust, Rockfish LLC, and two children’s trusts, each of which is convertible into an equal number of Class A Common shares under the company’s dual-class structure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class B Common Stock | 32,247 | $34.08 | $1.10M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale.
Key Figures
Key Terms
Class B Common Stock financial
Class A Common Stock financial
restricted stock units financial
tax liability financial
Family Trust financial
indirect ownership financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FIGR’s Michael Scott Cagney report on April 10, 2026?
How does FIGR’s dual-class structure affect the reported Class B holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.